News Highlights: Top Company News of the Day
December 10 2018 - 9:30PM
Dow Jones News
Huawei CFO Case Hinges on an Offshore Puzzle
Meng Wanzhou's lawyer said Huawei cut ties to Skycom-which is
shrouded in mystery in part because of its opaque ownership and its
dealings with Iran-in 2009. The U.S. says it didn't.
Olympus Unit Settles Criminal Probe Over Device Linked to 'Superbug' Infections
Food and Drug Administration reminds hospitals of the risks of
failing to clean duodenoscopes
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.
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.
Queen's 'Bohemian Rhapsody' Smashes Streaming Records
Queen's "Bohemian Rhapsody" is the most-streamed song from the
pre-streaming era and the most-streamed classic rock song of all
time, according to Vivendi SA's Universal Music Group.
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.
Oil-Dri Corporation of America Appoints New CFO
Ms. Kreh, who will oversee the finance, accounting and
information technology functions at Oil-Dri, replaces Daniel Smith,
who held the position for the last six years.
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.
Former PdVSA Official Pleads Guilty to Obstructing Justice
A former procurement officer at Venezuela's state-run energy
company pleaded guilty to his role in a scheme to obstruct a
continuing bribery probe, according to the U.S. Department of
Justice.
(END) Dow Jones Newswires
December 10, 2018 21:15 ET (02:15 GMT)
Copyright (c) 2018 Dow Jones & Company, Inc.