Arrest of Huawei CFO Hinges on an Offshore Puzzle

The case of Huawei CFO Meng Wanzhou could hinge on the question of who controlled Skycom, which is shrouded in mystery in part because of its opaque ownership and its dealings with Iran.

 
Google to Accelerate Closure of Google+ Social Network

Google said it would close its Google+ social network earlier than planned after discovering a new software bug that exposed the private profile information of 52 million users to outside app developers.

 
Gilead Looks Outside to Revive Growth

Gilead's new CEO is well-suited for the company's top priority: finding new deals to help boost sales.

 
Verizon to Shed More Than 10,000 Workers in Voluntary Separations

Verizon will shed about 10,400 workers who have accepted a severance package as it works to cut $10 billion in costs and upgrade to a faster 5G network.

 
Bunge CEO To Step Down

Bunge's chief executive has agreed to step down from his position, a move that comes as the agricultural giant seeks to placate investors upset by its performance.

 
Apple Hit With Sales Ban on Older iPhones in China

A Chinese court ordered Apple to stop selling older iPhone models in the country after finding it infringed on two Qualcomm patents, the chip supplier said.

 
Nissan, Ghosn Charged With Underreporting His Compensation

Nissan Motor's Carlos Ghosn was formally charged with understating his compensation in Nissan's financial reports, and prosecutors took steps to ensure he would spend Christmas in jail.

 
Two British Banks Ensnared in Huawei Dispute

Two large British banks are among those ensnared in the controversy over Huawei Technologies. The dispute escalated over the weekend after the Chinese government warned Canada it would face "severe consequences" if it didn't release the Chinese telecom giant's finance chief.

 
Travelport Agrees to Go Private in $2 Billion Deal with Siris, Evergreen

Travelport, which operates a travel-commerce platform, has agreed to be acquired by affiliates of Siris Capital Group and Elliott Management in an all-cash deal valued at about $2 billion.

 
Amazon Cracks Down on Scams, Fires Employees Over Data Leak

Amazon has dismissed several workers in the U.S. and India for allegedly inappropriately accessing internal data that was being misused by disreputable merchants.

(END) Dow Jones Newswires

December 10, 2018 15:15 ET (20:15 GMT)

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