Alibaba to Split Into Six Groups and Explore IPOs 
 

The biggest structural overhaul in the Chinese tech company's history comes days after co-founder Jack Ma returned to mainland China. The stock jumped in U.S. trading.

 
FTX Founder Sam Bankman-Fried Faces New Criminal Charge 
 

The fresh indictment alleges violation of law prohibiting bribes of foreign officials.

 
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.

 
Lockheed Martin Bets on Moon Missions 
 

Government spending has helped spur private-sector investments in a range of products and services for future lunar missions.

 
Starbucks' Union Fight Moves to Congress 
 

Ex-CEO Howard Schultz to testify over battle that neither the company nor labor claims as a victory.

 
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.

 
Intel, Raytheon, Other Big Companies Push Back on EU Subsidy Rules 
 

Companies warned that the new disclosure requirements could disrupt deals and halt public tenders.

 
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.

(END) Dow Jones Newswires

March 28, 2023 11:00 ET (15:00 GMT)

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