New York / AFP Media mogul Sumner Redstone has ousted the head of Viacom from a trust with the power to take over his business interests, putting his daughter in position to control his $40 bn empire, a source close to the matter told AFP. Redstone, 92, is the controlling shareholder of Viacom and CBS whose failing health has set …

  The British electorate does not need Americans to tell them how to vote in the June 23 referendum, and I wouldn’t dare try. I have always had great admiration for the British people — and great respect for the country’s democratic traditions. But from across the Atlantic, we Yanks are watching the campaign closely — and many of us …

  Ramesh Ponnuru Interest rates are on the way up, and policy makers at the Federal Reserve want to dispel any doubts you have about it. In the minutes from the Fed’s latest meeting, “most participants” said that raising rates in June “likely would be appropriate” if the economy continues to improve. Presidents of two of the regional Feds said …