News Highlights: Top Company News of the Day

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09/11/2019 | 09:15 pm

Oracle Co-CEO Hurd Taking Medical Leave

Oracle said one of its chief executives, Mark Hurd, will take a medical leave from the company, leaving Safra Catz as sole CEO at the business-software giant.

Blackstone Raises Largest Ever Real-Estate Fund at $20.5 Billion

The mammoth fund comes even as high returns have gotten tougher to come by late in this real-estate cycle.

StarKist Ordered to Pay $100 Million Fine in Tuna Price-Fixing Case

StarKist Co. has been ordered to pay a $100 million criminal penalty for its role in conspiring to fix prices for canned tuna sold in the U.S.

Producers, Stars of 'Bones' Settle With Twentieth Century Fox

The producers and stars of the television crime drama "Bones" have settled their legal battle with the Twentieth Century Fox Television studio over $128.5 million in punitive damages that an arbitrator awarded them earlier this year.

Regulators Split On MAX Return

Boeing said the return to service of the 737 MAX jetliner could vary from country to country unless global regulators can agree on a single path to approving software and training changes.

U.K. Could Block Hong Kong Bid for London Exchange

The U.K. government is unlikely to approve a potential $36.6 billion takeover of London Stock Exchange Group PLC by its Hong Kong rival because it forms too critical a part of the country's financial infrastructure,.

GameStop Shares Fall as Company Turns to Store Closures

The videogame retailer plans to close between 180 and 200 of its roughly 5,700 stores globally by the end of its 2019 fiscal year.

Purdue Pharma Reaches Deal With Cities, 23 States Over Opioid Crisis

Purdue Pharma is trying to strike a broader deal that includes more states in advance of a bankruptcy filing.

As Juul Moves Abroad, It's Leaving Some of Its U.S. Restrictions Behind

As Juul Labs Inc. expands its e-cigarettes internationally, it hasn't placed the same restrictions on sales to combat underage vaping in Asia and other markets around the world as it has in the U.S.

Forever 21 Plans Bankruptcy Filing

The retail chain has faced a cash crunch for months, according to people familiar with the matter.

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