Business Trucking News+ More S.Korean workers reject new wage system + MORE 09/29/2016

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Breakingviews: CBS-Viacom drama

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Sumner Redstone and his daughter Shari are pushing for a merger of the two U.S. broadcasters they control. Richard Beales and Jeffrey Goldfarb discuss the strategic and financial logic.

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As growers and enterprises see more competition, a new labeling program may help them stay competitive. Just don’t call it “organic.”

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OPEC deal bullish for U.S. shale

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OPEC’s agreement effectively sets a floor on crude prices at a level where U.S. shale producers can make money and drill new wells. Fred Katayama reports.

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When LVMH hired former Apple music executive Ian Rogers to craft a digital strategy, investors may have hoped for some quick results. If so, they are probably disappointed. Mis Womersley reports

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S.Korean workers reject new wage system

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South Korean workers at state-backed railways, hospitals and banks have staged a strike to demand that the government roll back measures that link pay to job performance instead of seniority. Hayley Platt reports.

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Commerzbank confirms 9,600 job cuts

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Commerzbank has announced it will cut nearly 10,000 jobs and stop paying dividends for the time being as it restructures to become profitable on a more sustainable basis by 2020. As Sonia Legg reports, the news comes as worries persist over Deutsche Bank despite their shares recovering from record lows…

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