CBS tries to move past scandal

Fighting scandal, the CBS board Sunday worked to resolve all the disputes in one deal. It negotiated the departure of its chief executive, Leslie Moonves; appointed chief operating officer Joseph Ianniello to take his place on an interim basis; and installed six new directors. What the revamped 13-member board has planned for CBS depends on how it views the importance of consolidations, as Silicon Valley continues to steal ad dollars and eyeballs from traditional TV players.

Snap’s No. 2 executive to leave

Imran Khan, Snap’s chief strategy officer and one of the few executives remaining at the company since its 2017 public offering, is stepping down. On Monday, the company said in a regulatory filing that Khan would remain at the company until his replacement was hired. Afterward, he is expected to set up a firm that will both help and invest in technology startups, according to a person with knowledge of the matter. Snap, the maker of Snapchat, last month reported a decline in users in the April-June period, its first quarter-on-quarter decline.

China sees hints of inflation

Pork is up. Vegetables are up. Gasoline is up. Even the official numbers, usually tame, are up. Prices are rising in China — and that could complicate Beijing’s efforts to prop up a slowing economy and navigate President Donald Trump’s trade war. Chinese officials said Monday that an index of consumer prices rose in August for the third consecutive month. The increases are not particularly sharp, and Chinese economists point to a number of temporary factors pushing up prices, like floods that have damaged crops and a swine flu epidemic that led farmers to cull pigs.

— From staff, wire reports