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News Highlights: Top Company News of the Day

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10/23/2018 | 07:16am EST
SoftBank CEO Cancels Speech at Saudi Conference 

SoftBank Chief Executive Masayoshi Son has canceled his speaking role at a major Saudi Arabian business conference this week, a decision that could test the multibillion-dollar business partnership between the Japanese tech investor and the kingdom.

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.

J&J to Buy Rest of Japanese Beauty Care Company 

Johnson & Johnson agreed to buy the rest of the shares in Japanese cosmetics and skin care company Ci:z Holdings in an all-cash deal valued at about 230 billion Japanese yen ($2.05 billion) that will bolster the company's presence in Japan.

Judge Reduces Jury Award Against Bayer's Roundup to $78.5 Million 

A California judge reduced by more than $200 million a jury verdict linking Bayer's Roundup weedkiller to cancer but upheld the jury's findings that the company acted with malice.

Battle for Mexico's Oro Negro Heats Up as Creditors Attempt to Seize Oil Rigs 

Attorneys for the company's creditors, escorted by Mexican federal police officers, flew in helicopters to Oro Negro's five drilling rigs in the Gulf of Mexico and attempted to seize control of them, setting up a tense standoff that continued Monday

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.

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.

Stocks mentioned in the article
ChangeLast1st jan.
JOHNSON & JOHNSON -0.77% 131.98 Delayed Quote.3.06%
US DOLLAR / JAPANESE YEN (USD/JPY) 0.03% 109.083 Delayed Quote.-0.39%
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