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June 14, 2017, 2:10 AM

Top News

Eric Newcomer / Bloomberg:
As Travis Kalanick takes leave, the company will strip him of some duties and appoint an independent chair to limit his influence, according to Holder report  —  Travis Kalanick will hand off some duties to COO, chair  —  He plans to take a leave without disclosing return date
Mike Isaac / New York Times:
TPG partner David Bonderman resigns from Uber board after making disparaging remark about women at Uber meeting following Holder report  —  SAN FRANCISCO — David Bonderman, an Uber board member and partner at private equity firm TPG, is resigning from the board of the ride-hailing company …
Covington & Burling:
Report on Uber recommends board oversight committee, reevaluated cultural values, reducing alcohol use at work events, prohibiting boss-employee relationships  —  On February 19, 2017, Susan Fowler, a former engineer at Uber Technologies, Inc. ("Uber"), published a blog post detailing allegations …
Johana Bhuiyan / Recode:
Travis Kalanick says that he is taking leave from Uber for an undetermined time to deal with family tragedy, in email to employees  —  It will be for an undetermined amount of time.  —  Uber CEO Travis Kalanick will be taking some time away from the company to grieve his mother, according to a company-wide email he just sent out.
Zack Whittaker / ZDNet:
In wake of WannaCry, Microsoft fixes 3 flaws affecting unsupported OSes including Windows XP and Windows Server 2003 that it initially said it wouldn't patch  —  The company previously said it would not fix three outstanding exploits, but reversed course following the ransomware attack in May.
Bloomberg:
Sources: Russian cyberattack on US electoral system hit voter databases and software systems in total of 39 states, prompting direct message from Obama to Putin  —  Hackers said to take measure of voting systems, databases  —  A ‘red phone’ warning to the Kremlin from Obama White House
Stephen Shankland / CNET:
Mozilla launches Firefox 54 with Electrolysis tech which uses up to four processes to run content across tabs and lays foundation for sandboxing  —  Mozilla hopes a new phase of its Electrolysis project will bring you back to its browser by making it faster and better able to resist crashes.
Janko Roettgers / Variety:
Sources: Google hires Manu Gulati, who led Apple's chip development for almost eight years, as Lead SoC Architect  —  Google has hired a veteran chip architect away from Apple and is now looking to build its own chips for future versions of its flagship Pixel phone, Variety has learned from sources familiar with the hire.
Bloomberg:
Verizon officially closes the $4.5B Yahoo deal; combined assets form a Verizon unit called Oath led by Tim Armstrong, and Marissa Mayer steps down  —  Combined assets form Verizon unit called Oath led by Armstrong  —  Yahoo is renamed Altaba with Thomas McInerney named CEO
 

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