Alibaba to Split Into Six Separate Groups in Biggest Shake-Up 
 

Alibaba Group plans to split its business into six independently run entities, the biggest structural overhaul in its history.

 
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.

 
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.

 
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.

 
Disney Eliminates Its Metaverse Division as Part of Layoffs Plan 
 

The company has eliminated the small division that was developing metaverse strategies as part of a broader restructuring that is expected to reduce head count by around 7,000 across the company over the next two months.

 
Lyft Hires New CEO as Founders Step Back 
 

David Risher, board member since 2021, will succeed co-founder Logan Green, as Lyft faces tough competition from Uber and a battered stock price.

 
CNN Finalizing Deal to Add Gayle King 
 

Basketball commentator Charles Barkley also in the mix as a potential host.

(END) Dow Jones Newswires

March 28, 2023 07:00 ET (11:00 GMT)