Business
Quotes-Alibaba to split into six units
(Reuters) – Alibaba Group Holding Ltd said it plans split its business into six main units covering e-commerce, media and the cloud,…
Business
Alibaba to break up empire into six units, seek IPOs
By Josh Horwitz (Reuters) -Alibaba Group plans to split its business into six main units covering e-commerce to cloud in the biggest…
Business
Microsoft’s Activision deal will not harm competition -Japan watchdog
TOKYO (Reuters) -Japan’s antitrust watchdog said on Tuesday it did not expect a merger between Microsoft Corp and Activision Blizzard to stifle…
Business
U.S. judge ‘troubled’ by Alex Jones’ bankruptcy evasion
By Dietrich Knauth (Reuters) – A U.S. bankruptcy judge said on Monday he was “troubled” by right-wing conspiracy theorist Alex Jones’ recent…
Business
Walt Disney Co begins 7,000 layoffs
By Dawn Chmielewski LOS ANGELES (Reuters) -Walt Disney Co on Monday began 7,000 layoffs announced earlier this year, as it seeks to…
Business
Lyft picks new CEO as founders tap out amid fierce competition
(Reuters) -Lyft Inc said on Monday founders Logan Green and John Zimmer would step down as CEO and president, with board member…
Business
Swedish central bank chief says more rate hikes likely due to stubborn inflation
STOCKHOLM (Reuters) – The Swedish central bank might have underestimated inflationary pressure and will likely have to stick to its forecasts of…
Business
Banking stress brings U.S. closer to recession, Kashkari says
By Howard Schneider WASHINGTON (Reuters) – Recent stress in the banking sector and the possibility of a follow-on credit crunch brings the…
Business
Banking stress puts U.S. and Europe on watch for credit crunch
By Howard Schneider and Tom Sims WASHINGTON/FRANKFURT (Reuters) -Stress in the banking sector is being closely monitored for its potential to trigger…
Business
Credit Suisse could face disciplinary action, Swiss regulator says
ZURICH (Reuters) – Swiss financial regulator FINMA said it was considering whether to take disciplinary action against Credit Suisse managers after Switzerland’s…