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)

Copyright (c) 2023 Dow Jones & Company, Inc.