Deripaska Quits Rusal Board as Metals Giant Looks for Sanctions Relief

Rusal said Oleg Deripaska has resigned as a non-executive director, expanding a sweeping overhaul of the company's management and board in an effort to escape the Trump administration's sanctions program.

 
Total Doubles Down on Arctic LNG

French oil giant Total will be taking a 10% stake in a massive Russian gas project that is expected to eventually produce 535,000 barrels of oil equivalent a day.

 
Apple Wins $539 Million Jury Award From Samsung in iPhone Patent Battle

Samsung must pay Apple $539 million for infringing patents related to the iPhone's design, a federal jury found Thursday.

 
Amazon Alexa-Powered Device Recorded and Shared User's Conversation Without Permission

Amazon said that one of its Echo home speakers recorded a private conversation without permission and sent it to a person in the owners' contact list, an incident that raises questions about the security of such voice-operated devices.

 
Doctor, No: Short Seller Steps Up Fight With Samsonite Over CEO's Credentials

Activist investment fund Blue Orca has intensified its attack on Samsonite after the luggage maker's chief executive admitted he never graduated with a Ph.D.

 
Ronaldo Finally Hits the Target for Samsonite

What should a brand ambassador for suitcases do? Not appear on a short seller's report about the company that makes the cases, at the very least.

 
Maker of Necco Wafers Gets a Sweet Reprieve

Spangler Candy made a winning bid of $18.83 million at a federal bankruptcy auction for the assets of the New England Confectionery Co., the 171-year-old maker of the Necco candy.

 
With Clothes Piling Up, Gap Leans on Heavy Discounts to Clear Stores

Gap executives said they had to resort to heavy discounting to move unsold clothes that had piled up at stores, moves that weighed on profit in the first quarter and could carry over into the current period.

 
Judge Seeks More Information from Oil Companies in Climate-Change Suits

A federal judge said he needed more information before deciding whether to dismiss lawsuits by San Francisco and Oakland alleging that five of the world's largest oil companies should pay to protect the cities' residents from the impacts of climate change.

 
Harvey Weinstein to Surrender in New York Sex-Crimes Case

Harvey Weinstein, the veteran Hollywood producer, is expected to turn himself in to authorities Friday in connection with a sex-crimes investigation conducted by the Manhattan district attorney's office, according to people familiar with the matter.

(END) Dow Jones Newswires

May 25, 2018 05:15 ET (09:15 GMT)

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