News Highlights: Top Company News of the Day
September 26 2018 - 9:30AM
Dow Jones News
Top Uber Deal Maker Disciplined After Probe Into Office Conduct
Uber executive Cameron Poetzscher, who played a key role in
negotiating SoftBank's investment in the ride-hailing firm, was
disciplined after a probe found he had a pattern of making sexually
suggestive comments about other co-workers.
Merck CEO to Remain in Job After Turning 65
Merck Chief Executive Kenneth Frazier will continue leading the
company after he turns 65, after its board decided to no longer
require the CEO to retire at that age.
Daimler Changes CEO as It Focuses on an Electric Future
Daimler said its long-serving chief executive will step down and
will be succeeded by its current research and development chief,
who has been leading the car maker's push into electric vehicles
and self-driving cars.
WPP Consolidates Agencies as New CEO's Battle Plan Comes Into Force
WPP is merging its well-known creative agency Young &
Rubicam with its digital-ad firm VML, part of the advertising
giant's efforts to combat digital disruption across the
industry.
Calpers Chief Faces Swirl of Questions
The CEO of America's largest public pension fund is dealing with
a chronic shortfall and questions about her management team and
educational credentials.
FreightRover Signs $500 Million Deal to Speed Payments to Truckers
Supply-chain finance company FreightRover has signed a $500
million financing deal with New York-based Crayhill Capital
Management, giving it more capacity in its business handling
payments for trucking companies.
Some Good News From Rite Aid? It Is Possible
Drugstore chain should consider a sale of its PBM business to
help reduce debt.
Delta Briefly Halts U.S. Departures Because of Tech Problem
Delta Air Lines briefly halted U.S. domestic departures on
Tuesday evening because of what the carrier said was a problem with
its computer network.
CBS Names Richard Parsons as Interim Chairman
CBS's board has named Richard Parsons interim chairman, and two
other longtime directors have resigned, in the latest significant
change in the broadcaster's ranks.
Twitter Proposes Banning Dehumanizing Content
Twitter plans to expand its rules to no longer allow content
that treats others as subhuman in its latest attempt to replace
toxic speech with healthier discourse.
(END) Dow Jones Newswires
September 26, 2018 09:15 ET (13:15 GMT)
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