News Highlights: Top Company News of the Day
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
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
(END) Dow Jones Newswires
March 28, 2023 07:00 ET (11:00 GMT)
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