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News Highlights : Top Company News of the Day

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10/23/2018 | 01:16am EST
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 on Monday reduced by more than $200 million a jury verdict linking Bayer AG'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.

 
Linde-Praxair Merger Approved by U.S. FTC 
 

Linde said that the U.S. Federal Trade Commission has conditionally approved its merger with Praxair, removing the last hurdle to the companies' yearslong pursuit of a tie-up.

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