Jack Ma's Ant Group Bows to Beijing With Company Overhaul 
 

Ant Group, the financial-technology giant controlled by billionaire Jack Ma, will apply to become a financial holding company overseen by China's central bank.

 
Boeing Shareholders Will Weigh Need for More Changes to Board 
 

The plane maker has changed the membership and structure of its board since a second 737 MAX airliner crashed two years ago. Investors will soon decide whether the company has done enough.

 
Huawei, HSBC Strike Deal Over Documents in Extradition Fight 
 

Huawei Chief Financial Officer Meng Wanzhou believes the documents will help in her battle against extradition from Canada to the U.S. on charges related to alleged sanctions-busting sales to Iran.

 
Credit Suisse Faces Tough Choices on Investment Bank 
 

Credit Suisse's investment bank is the Swiss lender's profit engine. But after the Archegos and Greensill meltdowns, it is expected to be scaled back for safety.

 
Regeneron Drug Stops Symptomatic Covid-19 in Study 
 

The antibody drug reduced the risk of developing symptomatic Covid-19 infection by 81% compared with a placebo in people living with someone infected by the new coronavirus, a study found.

 
Levi's CFO Plans to Increase Capital Spending on Digital Initiatives 
 

Levi Strauss & Co.'s finance chief is ramping up the jeans maker's capital spending, aiming to spend two-thirds of it on digital initiatives to aid the company's recovery from the effects of the coronavirus pandemic.

 
DiaSorin To Buy U.S.-based Luminex 
 

Shares of Italy's DiaSorin surged 7% after the diagnostic specialist announced a deal to buy Covid-19 testing kit maker Luminex for around $1.8 billion.

 
Suez, Veolia Climb On Merger Deal In Principle 
 

Suez and Veolia Environnement rose sharply after the companies said they'd reached a deal in principle on a merger, with Veolia to pay EUR20.50 a share.

 
Ardian Banks $8.9 Billion for Buyouts 
 

Ardian, one of Europe's biggest private-equity firms, has wrapped up fundraising for its largest-ever buyout vehicle and plans to invest the roughly EUR7.5 billion (about $8.9 billion) with a trans-Atlantic flair.

 
Alibaba, Hit by Antitrust Fine, Vows to Help Vendors With Fee Cuts 
 

Alibaba said it would invest in measures to support merchants on its platform, two days after China's antitrust regulator imposed a record fine against the company for abusing its dominant position over vendors and rivals in the country's e-commerce industry.

(END) Dow Jones Newswires

April 12, 2021 09:00 ET (13:00 GMT)

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