Meta Starts Fully Encrypting Messages on Facebook and Messenger App
Social-media giant is moving ahead with a privacy measure that government officials and others have warned could hide illegal activity by child predators and other criminals.
Once Unstoppable, Alibaba Is Now Faltering
Alibaba was a major driver of China’s growing consumer economy. Now it has lost its lead-even in online shopping.
AbbVie to Buy Cerevel Therapeutics for $8.7 Billion
AbbVie will acquire neuroscience-drug maker Cerevel Therapeutics Holdings for $45 a share, giving the company an equity value of about $8.7 billion.
BHP CFO Steps Down Amid Executive Reshuffle
The mining giant said Chief Financial Officer David Lamont would step down amid a reshuffle of the company’s executive ranks.
Chewy Names David Reeder as Next Finance Chief
Chewy appointed David Reeder as its next chief financial officer.
Pentagon Grounds Entire Osprey Fleet After Latest Fatal Crash
Hundreds of U.S. military aircraft are suspended from flying indefinitely as a probe points to mechanical issues.
CIOs Look Past the OpenAI Drama
Corporate technology chiefs are taking the OpenAI drama in stride and moving ahead with plans to test and deploy artificial intelligence in a range of business applications.
Air Methods Chapter 11 Restructuring Plan Approved
Air Methods, a helicopter ambulance business backed by a private-equity firm, received bankruptcy court approval for its restructuring plan to cut $1.7 billion of debt.
McKinsey Shrinks New Partner Class by Roughly 35%
The consulting giant told employees that around 250 people would become partners, down from about 380 a year ago.
GameStop Stock Falls After Sales Miss. It May Use Cash to Invest in Stocks.
The videogame retailer reported worse-than-expected fiscal third-quarter revenue.
Source: Dow Jones Newswires