XML US Business News

Wal-Mart Shuffles Asia Leadership

published less than 1 hour ago
Wal-Mart Shuffles Asia Leadership
The chief executive of Wal-Mart's Asia division Scott Price is stepping down from his role to take an international strategy position at the company's headquarters while Sean Clarke will head China operations.

Alibaba Puts IPO Record in Sight

published less than 1 hour ago
Alibaba Puts IPO Record in Sight
Alibaba and its bankers are discussing adding new shares to the company's IPO, a move that would allow the e-commerce giant to raise funds for itself and could push the size of the deal to a record.

FCC Chairman Makes the Call, Takes the Flak

published less than 1 hour ago
FCC Chairman Makes the Call, Takes the Flak
Tom Wheeler has been FCC chairman for less than six months but his mode of operation is already clear: He often unilaterally stakes out positions on issues facing the agency, even when they are sure to be unpopular.

Titan CEO Welcomes Activist Onto Board

published about 2 hours ago
Many CEOs are loath to welcome an activist onto their board. Titan International's chief publicly declared he wanted one. As a result, Mark Rachesky of MHR Fund Management will become a Titan director in June.

E-Cig Makers Breathe Easier After FDA Proposes Rules

published about 2 hours ago
E-Cig Makers Breathe Easier After FDA Proposes Rules
E-cigarette makers breathed a sigh of relief Thursday as the FDA avoided a heavy-handed approach to regulating the fast-growing alternative to traditional smokes, likely paving the way for stepped up investments.