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Judge rejects Sumner Redstone bid to end Viacom CEO lawsuit

A Massachusetts judge on Thursday rejected Sumner Redstone's bid to quickly end a case that will likely determine the future of the media mogul's $40 billion holdings, marking a victory for Viacom Inc Chief Executive Philippe Dauman.

U.S. jobless claims rise; labor market still strong

WASHINGTON The number of Americans filing for unemployment benefits rose more than expected last week, but the underlying trend continued to point to sustained labor market strength. Initial claims for state unemployment benefits increased 14,000 to a seasonally adjusted 266,000 for the week ended July 23, the Labor Department said on Thursday. Claims for the prior week were revised to show 1,000 fewer applications received than previously reported.

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