News Highlights: Top Company News of the Day
29 March 2023 - 12:15AM
Dow Jones News
Alibaba to Split Into Six Groups, Explore IPOs
The biggest structural overhaul in the Chinese tech company's
history comes a day after co-founder Jack Ma returned to mainland
China.
Walgreens Earnings Fall on Fewer Covid Tests, Payroll Investments
The profit drop came as Walgreens reported a 3.3% rise in sales
for the latest quarter.
Guinness Maker Diageo Appoints Its First Female CEO
The London-based maker of Johnnie Walker Scotch whisky and
Smirnoff vodka said Debra Crew would take over from Ivan Menezes on
July 1.
Former Aetna CEO to Take Helm of Health Insurer Oscar
Mark Bertolini was most recently the co-chief executive of hedge
fund Bridgewater Associates.
For Chip Makers, a Choice Between the U.S. and China Looms
Washington seeks to steer the semiconductor supply chain using
restrictions under the Chips Act.
New Shell CEO Faces Big Dilemma: Should the Company Pump More Oil?
Wael Sawan says he knows some people are going to be unhappy
when he completes his business plan for the energy giant.
Facebook Parent Plans Lower Bonus Payouts for Some Staff
Meta Platforms plans to adjust its performance review process,
saying it is "optimizing" for the year ahead.
Adidas and Beyoncé to Part Ways After Ivy Park Sales Struggles
The music star's clothing brand had weaker-than-expected sales
since her 2019 deal with the German sportswear giant.
JPMorgan Chase Builds Out Its Sustainable Growth Team
The bank appointed Tikehau Capital's Alex Bell as a partner on
its its private-equity investment team focused on sustainable
growth equity opportunities.
Binance Sued by CFTC Over Evading U.S. Rules
The agency alleges the operator of the crypto exchange violated
U.S. rules that require futures and other derivatives to be traded
on regulated platforms.
(END) Dow Jones Newswires
March 28, 2023 09:00 ET (13:00 GMT)
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