July 7 (Reuters) - Paramount Global's ( PARAA ) board of directors Sunday approved a merger with Skydance Media, endorsing a deal that would combine one of Hollywood's oldest studios with the up-and-coming production company, a source close to the deal told Reuters. A final agreement could be announced as soon as Sunday night. The vote comes on the heels...

By Arathy Somasekhar, Marianna Parraga and Erwin Seba HOUSTON, July 7 (Reuters) - The largest ports in Texas closed operations and vessel traffic on Sunday to prepare for Tropical Storm Beryl, which was expected to strengthen back to a hurricane before hitting the area early on Monday. The storm, which at one point intensified to a Category 5 hurricane, left...

TOKYO (Reuters) -Average base pay for Japanese workers rose in May at its fastest pace in 31 years, data showed on Monday, a sign that bumper pay hikes offered by companies in annual wage negotiations are gradually being passed onto households. But inflation-adjusted real wages fell for a record 26th straight month as a weakening yen and higher commodity prices...

(Reuters) -Tech scion David Ellison moved one step closer to gaining control of Paramount Global, with a special committee voting Sunday to support a merger with his Skydance Media, a source close to the deal told Reuters. Paramount's full board, including its non-executive chair, Shari Redstone, is expected to approve the deal imminently, the source said. The vote comes on...