May 2 The following are the top stories in the
Financial Times. Reuters has not verified these stories and does
not vouch for their accuracy.
Shine follows Ailes and O'Reilly out of Fox News
Axa ousts AllianceBernstein chief Peter Kraus in shake-up
Cisco announces intent to buy Viptela for $610 mln in cash
Bill Shine, co-president of Fox News Channel, has become the
latest executive to resign in the wake of a sexual misconduct
scandal at the cable channel.
The French parent of asset manager AllianceBernstein
fired its longtime leader, Peter Kraus, replacing him with a new
chief executive and new chairman, and overhauled the firm's
board, according to a filing on Monday that offered little
explanation for the unexpected changes.
Cisco Systems Inc said on Monday it intended to buy
privately held Viptela for $610 million in cash and assumed
equity awards. The deal is expected to close in the second half
of the year pending regulatory reviews.
(Compiled by Rama Venkat Raman in Bengaluru; Editing by Sandra