News Highlights: Top Company News of the Day
March 28 2023 - 11:30AM
Dow Jones News
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
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 11:15 ET (15:15 GMT)
Copyright (c) 2023 Dow Jones & Company, Inc.