News Highlights: Top Company News of the Day
December 11 2018 - 5:30AM
Dow Jones News
CBS Directors Fear Legal Risks from Leaks in Moonves Probe
Some CBS directors are concerned that recent leaks from the
investigation into alleged sexual misconduct by former CEO Leslie
Moonves could result in legal exposure for the company or people
found to have failed to prevent the disclosures.
Huawei Finance Chief Won't Be a Flight Risk, Her Lawyer Says
A bail hearing for Huawei Technologies Co. finance chief Meng
Wanzhou in Vancouver ended Monday without a decision as the
executive's lawyer argued she won't be a flight risk while awaiting
a separate decision on her extradition to the U.S.
WPP Sets Turnaround Plan in Motion
WPP Chief Executive Mark Read set out his vision for a
turnaround, a strategy he hopes will make the world's largest
advertising company better-positioned to contend with the rapidly
changing marketing landscape.
Carlos Ghosn's Jail Time Extended as Prosecutors Lay Out New Suspicions
Nissan's Carlos Ghosn will remain in jail until at least Dec. 20
without the possibility of bail under a Tokyo District Court
decision.
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.
Stitch Fix Stumbles Again
Subscription fashion service Stitch Fix had its first big
stumble when it reported fourth-quarter earnings in October, and
starting its new fiscal year was rough as well.
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
The Food and Drug Administration reminds hospitals of the risks
of failing to clean duodenoscopes.
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.
(END) Dow Jones Newswires
December 11, 2018 05:15 ET (10:15 GMT)
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