News Highlights: Top Company News of the Day

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12/05/2018 | 09:15 pm
Sheryl Sandberg


Facebook Board Backs Sheryl Sandberg's Handling of Soros Research



Facebook's board said it backs Chief Operating Officer Sheryl Sandberg's handling of research into George Soros, calling her request to probe whether the investor shorted the company's stock "entirely appropriate."




Behind Boeing's Decision to Omit Details on Safety System in Lion Air Crash From Manual



Boeing limited pilot-training requirements for the anti-stall system investigators believe played a role in the crash of Lion Air Flight 610, and omitted details about the system from the 737 MAX operations manual.




Wells Fargo Firing Dozens of Regional Managers in Retail-Bank Cleanup



Wells Fargo is firing around three dozen district managers for oversight failures related to a sales scandal that erupted in its retail bank more than two years ago.




U.K. Releases Internal Facebook Emails Deliberating Selling Data



The U.K. Parliament released internal Facebook emails that lawmakers said show how executives at the social-media company, including Chief Executive Mark Zuckerberg, gave some developers special access to user data and contemplated charging developers for data access.




Brazil's Car Wash Probe Eyes Glencore, Vitol, Trafigura



Brazil's Operation Car Wash corruption probe is investigating Glencore, Trafigura and Vitol for allegedly paying millions of dollars in bribes to Petrobras employees in return for better terms on trading contracts.




MiMedx to Shed Jobs as Part of Overhaul



MiMedx is restructuring, as it looks to shed one-quarter of its workforce and promoted new leaders to help turn around the once-highflying biotech firm.




Rising Sales at Saks Lift Hudson's Bay



Hudson's Bay narrowed its loss in its latest quarter, as the Canadian retailer pointed to an increase in sales, especially at Saks Fifth Avenue, as evidence that its transformation efforts were taking root.




Takeda Shareholders Approve Shire Megadeal



Buying Shire in a merger valued at $58 billion today would enable Takeda to tap into the lucrative market for rare diseases and boosts the CEO's mission to expand Takeda's footprint beyond its slowing home market.




Investors Aren't Buying Bank Chiefs' Optimism



Bankers are often criticized for being out of touch. Often that is unfair, but on Tuesday, as the leaders of the nation's three biggest banks told investors that the economy was great, investors were acting like the boom was over.




Bayer Lays Out Plans in Hopes of Easing Investor Headaches



Bayer laid out ambitious sales and profit targets in its latest effort to convince the market it is serious about boosting profits, reducing debt and stopping a downward spiral in its stock price.






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