Alibaba Group plans to split into six units and explore fundraisings or listings for most of them, in a major revamp as Beijing vows to ease a regulatory crackdown and support its private enterprises.
Standard General said on Tuesday it had filed a lawsuit against the U.S. Federal Communications Commission (FCC) over its decision to hold hearings on the hedge fund’s $5.4 billion plan to buy television station operator Tegna .
Corporate finance directors are scrutinising who they bank with in the wake of recent market tensions but there is no rush for the exit for now, France’s corporate treasury association said on Tuesday.
Canada’s main stock index was set for a slightly high open on Tuesday tracking gains in crude oil prices, amid expectations that the worst was over for the global financial system.
U.S. auto safety regulators said Tuesday they are opening a probe into 50,000 Tesla Model X vehicles after receiving two complaints reporting front seat belt failures.
Walgreens Boots Alliance Inc’s quarterly profit beat Wall Street expectations on Tuesday, driven by better-than-expected sales in its retail pharmacy business, sending its shares 3% higher before the opening bell.
European Union countries’ energy ministers gave final approval on Tuesday to a law ending sales of new CO2-emitting cars in the EU in 2035, after Germany won an exemption for cars running on e-fuels.
Further relief from the U.S. bank stocks rout may have to wait until banks report quarterly results starting next month, which strategists said could give more details about the sector’s overall health after the recent collapse of some big regional players.
Germany’s antitrust regulator is reviewing Microsoft’s market power in a move that could lead to an investigation of the U.S. tech giant’s business practices and potential bans if they are found to damage competition.
