FILE PHOTO: The Alibaba group logo is seen at the high profile startups and high tech leaders gathering, Viva Tech, in Paris, France, May 16, 2019. REUTERS/Charles Platiau
Wu will take over from Executive Vice-Chairman Joe Tsai, who will support Wu in her new role, Alibaba said in a statement on its official WeChat account. It did not elaborate further on Tsai’s move. “To guarantee innovation, invest in our future, Alibaba is undertaking an organizational upgrade,” the company said in the statement, signed by Chief Executive Officer Daniel Zhang.
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A Boeing executive reportedly said the company is open to a new name for the embattled 737 Max, which remains grounded worldwide after 2 deadly crashes“We’re committed to doing what we need to do to restore it. If that means changing the brand to restore it, then we’ll address that,' Boeing's CFO said. How bout the Boeing “737 death tube” Old wine new label? BoeingAirplanes 'Retired'
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A Wall Street investment chief overseeing $26 billion breaks down why recession fears are overblown, even as the market clamors for Fed reliefThe yield-curve inversion between 10-year Treasurys and 3-month notes is a signal of low inflation, not imminent recession, industry watchers argue.
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