Head of Verizon's AOL, Yahoo to depart

NEW YORK (AP) — Verizon is replacing its media and advertising chief Tim Armstrong. Oath President and COO K. Guru Gowrappan will assume the Oath CEO role Oct. 1. Armstrong will stay...

Jack Ma retiring may signal conflict with Xi Jinping and Chinese govt: reports

TAIPEI (Taiwan News) – Following the announcement that Jack Ma, the chairman of e-commerce giant Alibaba would retire in September 2019, and hand the reins of the company to current CEO Daniel Z...

Business Highlights

___ CBS sets aside $120 million for Moonves, but will he see it? NEW YORK (AP) — CBS says it sets aside $120 million in severance for ousted chief executive Leslie ...

United Rentals and GE climb while CBS and Apple drop

NEW YORK (AP) — Stocks that moved substantially or traded heavily Monday: Apple Inc., down $2.97 to $218.33 The company said that tariffs on Chinese imports would l...

Industrial and consumer stocks lead rebound in US indexes

NEW YORK (AP) — U.S. stocks are rising Monday morning as major stock indexes rebound from the previous week's losses. Industrial and retail stocks are up while technology companies are little changed....

Markets Right Now: S&P 500 index opens higher after 4 losses

NEW YORK (AP) — The latest on developments in financial markets (all times local): 9:35 a.m. Stocks are opening higher on Wall Street as the market comes off four s...

Alibaba: Jack Ma to step down as chairman in September 2019

BEIJING (AP) — E-commerce giant Alibaba Group says founder Jack Ma will step down as chairman in September 2019. The company announced Monday that Ma will be succeeded by Daniel Zhan...

Alibaba: Founder Jack Ma to step down as chairman in September 2019

BEIJING (AP) — Alibaba: Founder Jack Ma to step down as chairman in September 2019.

Report: Alibaba co-founder Jack Ma to retire

SAN FRANCISCO (AP) — The New York Times is reporting that Jack Ma, the co-founder and executive chairman of Chinese e-commerce behemoth Alibaba Group, is retiring. The Times said tha...

Chinese e-merchant built fortune on pledge of honesty

BEIJING (AP) — The Chinese e-commerce billionaire who faces a possible rape accusation in Minneapolis built his business by promising honesty in a market plagued by fraud and fakes. ...

Chinese e-commerce billionaire arrested for sexual misconduct in US, released next day

TAIPEI (Taiwan News) – The chief executive of China’s e-commerce platform JD.com Inc., Richard Liu (劉強東) was arrested on allegations of sexual misconduct in the United States over the week...

Asian Games close: Indonesia shows it’s the ‘Energy of Asia’

JAKARTA, Indonesia (AP) — Indonesia billed itself the “Energy of Asia” during the Asian Games, which closed Sunday in a ceremony emphasizing the country’s diversity and the tie...

Chinese billionaire Liu of JD.com arrested in Minneapolis

MINNEAPOLIS (AP) — A Chinese billionaire has been arrested in Minneapolis on suspicion of criminal sexual conduct. Liu Qiangdong, also known as Richard Liu, is the founder of the Bei...

Asian Games close: Indonesia shows it's the 'Energy of Asia'

JAKARTA, Indonesia (AP) — Indonesia billed itself the "Energy of Asia" during the Asian Games, which closed Sunday in a ceremony emphasizing the country's diversity and the ties linking the 11,000 ath...

Malaysian leader tours Alibaba, meets Jack Ma on China visit

BEIJING (AP) — Malaysia's leader courted Chinese e-commerce investment in his country on Saturday, the start of his first trip to China since his stunning electoral victory three months ago....