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By Lisa Richwine LOS ANGELES (Reuters) - Media mogul Sumner Redstone can be deposed at his home in a short videotaped session ahead of a trial to resolve his ex-girlfriend's lawsuit over his mental competence, a California judge ruled on Monday. The recording of Redstone, the controlling shareholder of media companies Viacom Inc and CBS Corp , will not be seen by the public, Los Angeles Superior Court Judge David Cowan said. Lawyers for Redstone's former companion, Manuela Herzer, had requested that the 92-year-old billionaire be called as a witness in the trial, which starts on Friday.
By Svea Herbst-Bayliss and Caroline Humer BOSTON/NEW YORK (Reuters) - Billionaire investor William Ackman on Monday mounted a vigorous defense of Valeant Pharmaceuticals , ruling out any sale of the drug company's "crown jewel" assets but saying price cuts and even a new name may be in its future. Ackman, whose Pershing Square Capital Management owns 9 percent of Valeant, predicted the company would turn around with the help of its new chief executive officer and by selling greater volumes of products instead of just raising the price of its drugs. "The company is not a sewer," Ackman said on CNBC television's "Halftime Report," echoing the words Munger used to describe Valeant.
DEFOREST, Wis. (AP) — Authorities said Monday that deputies shot and wounded a suspect in the weekend killing of a man in a suburban Milwaukee apartment and the wounding of a woman hours later while she was traveling home to Illinois with her family on a busy highway.