News Highlights: Top Company News of the Day
December 10 2018 - 7:30PM
Dow Jones News
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 the consumer version of its Google+
social network after discovering a software bug that exposed the
private profile information of 52 million users to outside app
developers, the second time this year the company has acknowledged
exposing private user data.
Sears Proposed Bonuses Draw Fire From Bankruptcy Watchdog
Sears Holdings Corp.'s push to pay up to $25 million in bonuses
to executives and some high-ranking non-insiders has drawn fire
from a bankruptcy watchdog.
Charges Expected Over Construction in Bloomberg Buildings
A former executive at Bloomberg LP and construction-industry
officials are expected to be charged for what prosecutors have
alleged is a multimillion-dollar fraud scheme relating to
construction work in two of the company's buildings.
Under Armour Ousts Two Executives After Review of Expenses
Under Armour Inc. ousted two sports-marketing executives,
according to people familiar with the matter, after the apparel
brand conducted an internal review of their department's
spending.
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.
Neiman Marcus Bondholder Sues Over Transfer of MyTheresa Business
Marble Ridge Capital, an investment firm with a position in
Neiman Marcus Group Ltd.'s debt, sued the company alleging that a
recent transfer of the retailer's MyTheresa unit from a subsidiary
of the company to its parent company is a fraudulent transfer.
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.
(END) Dow Jones Newswires
December 10, 2018 19:15 ET (00:15 GMT)
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