News Highlights: Top Company News of the Day
October 23 2018 - 5:15AM
Dow Jones News
SoftBank CEO Cancels Speech at Saudi Conference
SoftBank Chief Executive Masayoshi Son became the highest
profile executive to cancel a speaking engagement at a major
investment conference in Saudi Arabia following the death of a
journalist who was critical of the Kingdom's royal family.
Uber's Top Deal Maker Cameron Poetzscher Resigns
Uber's top deal maker, Cameron Poetzscher, has resigned from the
company, less than a month after a Wall Street Journal article
revealed allegations of prior sexual misconduct in the office.
Oculus VR Co-Founder Leaving Facebook
Oculus VR co-founder Brendan Iribe announced over social media
Monday that he is leaving Facebook Inc., the latest in a series of
executives to exit from the company.
Judge Reduces Jury Award Against Bayer's Roundup to $78.5 Million
A California judge reduced by more than $200 million a jury
verdict linking Bayer's Roundup weedkiller to cancer but upheld the
jury's findings that the company acted with malice.
Super Micro Computer Denies Malicious Chip Report
Super Micro Computer said in a letter to customers that a media
report claiming a malevolent hardware chip was installed in its
motherboards is incorrect and that it is conducting a review in
light of the story.
Kimberly-Clark Names Michael Hsu as CEO, Successor to Thomas Falk
Kimberly-Clark said it was switching chief executives in the
midst of a restructuring program intended to boost profits as it
struggles with weak sales.
Wells Fargo Agrees to $65 Million Settlement With N.Y. Attorney General Over Cross-Selling
Wells Fargo agreed to pay a $65 million fine to settle claims
brought by the New York Attorney General's office that the bank
misled investors about its cross-selling tactics.
Bristol-Myers Faces a Costly Delay
Delay of Bristol-Myers' key lung-cancer application stings
investors in competitive, lucrative field.
Total CEO Confirms Decision to Attend Saudi 'Davos in the Desert'
The chief executive of French oil giant Total SA confirmed he
will attend a Saudi Arabian investment conference this week that
has become a lightning rod for criticism following the death of
Jamal Khashoggi earlier this month.
Don't Bid on eBay Just Yet
PayPal results suggest eBay's recent marketplace growth spurt
may be short lived.
(END) Dow Jones Newswires
October 23, 2018 05:00 ET (09:00 GMT)
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