Alibaba's Jack Ma to unveil succession plan next week, remain chairman

Alibaba's Jack Ma to unveil succession plan next week, remain chairmanAlibaba Group Holding Ltd’s billionaire co-founder Jack Ma will announce a succession plan on Monday to hand the reins of his sprawling empire to a new generation of leaders but will remain executive chairman for the time being. Ma will announce the plan on his 54th birthday and the handover strategy will stretch over a significant period of time, the South China Morning Post (SCMP) newspaper reported citing a company spokesman. Alibaba declined to comment but pointed towards the SCMP story when asked about Ma’s plans.


Source: Yahoo! News

Read NBC News chairman Andy Lack's email about Ronan Farrow's investigation

  1. Read NBC News chairman Andy Lack’s email about Ronan Farrow’s investigation  CNNMoney
  2. NBC’s Andy Lack on Harvey Weinstein probe: ‘At no point’ did we obstruct Ronan Farrow  USA TODAY
  3. NBC Defends Decision on Ronan Farrow’s Weinstein Story  Wall Street Journal
  4. Ronan Farrow’s Ex-Producer Says NBC Impeded Weinstein Reporting  New York Times
  5. Full coverage


Source: Google News

BlackRock voted to replace Tesla's Musk with independent chairman

BlackRock voted to replace Tesla's Musk with independent chairmanFunds run by BlackRock Inc voted in favor of a recent shareholder proposal that would have required Tesla Inc to replace Elon Musk with an independent chairman. BlackRock-managed funds voted for a measure requiring the chairman be an independent director, according to BlackRock’s filing with the U.S. Securities and Exchange Commission on Thursday. The proposal, which was defeated, would not have affected Musk’s standing as Tesla’s chief executive officer.


Source: Yahoo! News

Fed Chairman Powell Says Gradual Hikes Likely Needed If Economy Stays Healthy

  1. Fed Chairman Powell Says Gradual Hikes Likely Needed If Economy Stays Healthy  Bloomberg
  2. Nasdaq hits all-time high as Netflix jumps, Dow rises more than 100 points  CNBC
  3. US Stocks Higher as Powell Defends Fed’s Interest-Rate Path  Wall Street Journal
  4. Dow rallies 130 points as Powell defends gradual rate hikes; S&P, Nasdaq hit records  MarketWatch
  5. Full coverage


Source: Google News