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Want to Invest in Jack Ma? Avoid Alibaba's Rivals
05/20 - By Julie Steinberg and Stella Yifan Xie HONG KONG--Global investors looking to buy stakes in China's most valuable private technology company are being forced to pick a side in the n
Top executive behind Baidu's artificial intelligence drive stepping down
05/19 - BEIJING (Reuters) - Lu Qi, who oversaw Baidu Inc's shift to artificial intelligence (AI) after a damaging ad scandal in 2016, is stepping down as chief operating officer, China's biggest search engine said on Friday.
Sanctioned Russian oligarch Vekselberg cuts Swiss stakes
05/18 - ZURICH (Reuters) - Russian oligarch Viktor Vekselberg has cut his holdings in Swiss companies OC Oerlikon and Schmolz + Bickenbach after a deal with minority shareholders and managers at his holding group, one of his companies said on Friday.
05/18 - (Reuters) - Goldman Sachs Group Inc Chief Executive Lloyd Blankfein is expected to step down by December, the New York Times reported on Friday, citing people familiar with the bank's plan.
Sanctions-hit Deripaska quits Russia's EN+ board
05/18 - MOSCOW (Reuters) - Russian sanctions-hit businessman Oleg Deripaska has resigned from the board of directors of Russia's En+, the company said on Friday, in a move that could help alleviate sanctions pressure on the firm.
Elon Musk brings high-tech charm offensive to Los Angeles tunnel plan
05/18 - LOS ANGELES (Reuters) - Billionaire entrepreneur Elon Musk promised a cheering crowd on Thursday that his controversial dream of burrowing a high-speed network of "personalized mass transit" tunnels under Los Angeles could be achieved without disturbance or noise at the surface.
Vivendi shares face pressure as sales, UMG and Italy disappoint
05/18 - PARIS (Reuters) - Vivendi shares fell on Friday after the media group disappointed investors with first quarter sales below expectations, a lack of details over plans for its UMG music business and new tensions over Telecom Italia.
Fox News Names CEO In Shake-Up -- WSJ
05/18 - By Joe Flint This article is being republished as part of our daily reproduction of WSJ.com articles that also appeared in the U.S. print edition of The Wall Street Journal (May 18, 201
CBS Board Defies Shari Redstone -- WSJ
05/18 - Directors vote against National Amusements, but both sides fail to agree on who won By Keach Hagey and Joe Flint This article is being republished as part of our daily re
Gawker site finds bidder after court approves settlement with billionaire Thiel
05/18 - (Reuters) - The co-founder of New York-based marketing firm Didit is interested in buying gossip website Gawker Media LLC out of bankruptcy after a U.S. judge on Thursday approved a settlement with the investor Peter Thiel, whose funding of a lawsuit against Gawker forced it to close in 2016.
Icahn takes stake in insurer AmTrust, opposes go-private deal
05/17 - (Reuters) - Billionaire investor Carl Icahn disclosed a 9.38 pct stake in insurer AmTrust Financial Services Inc on Thursday.
Court Rules for Redstone Family in CBS Fight
05/17 - By Keach Hagey and Joe Flint CBS Corp. has lost the first round in a battle to break free from its controlling shareholder, but the legal fight is far from over. A Dela
Bollore Group says transport, logistics drive first quarter revenues higher
05/17 - PARIS (Reuters) - Bollore Group, whose billionaire owner Vincent Bollore is under investigation for alleged corruption of officials in Africa, on Thursday reported a 6 percent increase in first quarter revenues to 5.33 billion euros (4.7 billion pounds) at constant exchange rates and perimeter.
Fox Sets Leaders After Sale -- WSJ
05/17 - By Aisha Al-Muslim This article is being republished as part of our daily reproduction of WSJ.com articles that also appeared in the U.S. print edition of The Wall Street Journal (May 1
Big proxy adviser ISS does not support Facebook's Zuckerberg in proxy vote
05/17 - BOSTON (Reuters) - Top proxy adviser Institutional Shareholder Services on Wednesday recommended Facebook Inc investors withhold support from five directors including Chief Executive Mark Zuckerberg and vote in favor of shareholder proposals aimed at improving the social media company's response to problems like election interference and harassment.
Top Company News of the Day
05/17 - U.S. Auto Regulator Opens Tesla Crash Probe in Utah U.S. safety investigators on Wednesday opened the third active investigation of a Tesla Inc. vehicle that crashed while the dri
George Soros' bet on Tesla could see other investors follow suit
05/17 - NEW YORK (Reuters) - If Tesla Inc Chief Executive Elon Musk needs to raise even more money, there may be a way.
CEO Dorsey
05/16 - NEW YORK (Reuters) - Square Inc's decision to allow users of its mobile app to buy and sell bitcoin this year was a "pretty contentious move within the company" and remains a source of internal tension, the payment processor's CEO Jack Dorsey said on Wednesday.
Lachlan Murdoch to replace brother James as Fox CEO after Disney deal
05/16 - (Reuters) - Twenty First Century Fox's Chief Executive Officer James Murdoch will leave the company and be succeeded by brother Lachlan once the company sells off its TV and film assets to Walt Disney Co.