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Alibaba to Split Into Six Groups and 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. Source link
Salesforce's Benioff Lives to Deal Another Day
Quelling a proxy challenge buys the cloud-software pioneer time, but pressure to juice its bottom line won’t abate. Source link
Drug Middlemen Accused of Price Fixing by Ohio Attorney General
The state’s lawsuit alleged certain pharmacy-benefit managers shared drug pricing and other information to gain leverage during rebate negotiations with pharmaceutical companies. Source link
Microsoft, Google, Amazon Look to Generative AI to Lift Cloud Businesses
Tech Cloud providers are trying to use the tech behind ChatGPT to heat up demand Source link
Uber Eats to Take Down Thousands of Virtual Brands to Declutter the App
WSJ News Exclusive Tech Company plans to stop allowing restaurants to list multiple brands with the same menu Source link
China Detains Japanese Employee From Drugmaker Astellas
The arrest on suspicion of spying came as Beijing seeks to reassure foreign executives that it is open for business, and follows a raid on
Hertz Finance Chief Kenny Cheung to Step Down
Car-rental company taps accounting officer to stand in while the board searches for a permanent replacement. Source link
U.S. Ad Spending Still Expected to Grow in 2023 Despite ‘Stressful Economic Signals’
CMO Today Media owners’ U.S. ad revenues are expected to increase 3.4% to $326 billion this year, according to a new forecast from Magna Source
It's Easier to Underestimate Your Expenses and Overspend Right Now
Many people have a gap between what they think they spend and what they actually spend. This gap has widened recently. Source link
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. Source link