• Disney lays off more than 300 streaming-focused employees in China

    Walter Disney Co. DIS 2.16% has laid off more than 300 Beijing employees working on its streaming services, according to people familiar with the situation, as part of a cost-cutting and restructuring effort at the entertainment company. The layoffs in China come after Disney this week began implementing the first wave of cuts in a […]

  • People complain a lot more about air travel than usual

    Air travel complaints have nearly quadrupled from pre-pandemic levels as waves of cancellations, delays and lost luggage disrupted the travel plans of millions of fliers. Travelers filed 60,732 complaints between January 2022 and November, according to a new report from the US PIRG Education Fund, a public interest research group that has examined data from […]

  • UBS brings back former CEO Sergio Ermotti after deal with Credit Suisse

    Mr. Ermotti led UBS for nine years until 2020 and is credited with the bank’s recovery from a government bailout in 2008. He will succeed current CEO Ralph Hamers, who has led the bank for the past three years, on April 5 . “We felt we had a better horse,” said UBS chairman Colm Kelleher […]

  • Jack Ma’s life after Alibaba takes him to a fish farm, Fiji and beyond

    He was the boss of a tech giant. Now he studies fish and rice. After appearing to fall out of favor with China’s leadership following a 2020 speech criticizing financial regulation, Jack Ma, co-founder of Alibaba Group Holding Ltd. generally kept a low profile. Out of the public eye, the 58-year-old multi-billionaire, who stepped down […]

  • Need in the office market is spreading to high-end buildings

    Defaults and vacancy rates in high-end office buildings are on the rise, the latest sign that remote working and rising interest rates are spreading pain to more corners of the commercial real estate market. For much of the pandemic, buildings in central locations with modern amenities outperformed their less expensive counterparts. Some were even able […]

  • Disney is eliminating its Metaverse division as part of the company’s layoff plan

    Mickey Mouse has left the metaverse. Walter Disney Co. DIS 1.64% has eliminated its next-generation storytelling and consumer experience division, the small division that people familiar with the situation said was working on metaverse strategies, as part of a broader restructuring that is expected to reduce company-wide workforce by approximately 7,000 over the next two […]

  • Lyft hires new CEO as founders step back amid competitive battle

    Lyft Inc., LYFT -2.74% struggles with competition and a battered stock price, taps a board member as CEO, and the two co-founders will step down from managing the company, the ride-sharing company said Monday. David Risher, who held management positions at Amazon.com Inc. and Microsoft Corp. before starting a non-profit children’s reading organization in 2009, […]

  • Alibaba co-founder Jack Ma returns to China after a year’s absence

    Jack Ma, Alibaba Group Holding Ltd. The billionaire co-founder has returned to mainland China after spending about a year abroad, according to people familiar with the matter. The travels of Mr. Ma have been the subject of intense scrutiny as China’s leadership scrambles to regain entrepreneurial confidence after years of regulatory and pandemic Covid-19 measures […]

  • Gordon E. Moore, 1929-2023 – WSJ

    Mar 26, 2023 3:38 PM ET The legendary co-founder of Intel Corp. Gordon Moore Photo: Ben Margot/Associated Press The last half of the 20th century was an era of American business invention and economic leadership, and one of the men who defined that era and launched the digital economy was Gordon E. Moore. The co-founder […]

  • Coinbase Ex-Executive Convicted Of Insider Trading Is Crypto’s Latest Legal Hope

    Ishan Wahi, a former executive at Coinbase, pleaded guilty this year to giving trading tips to his brother and a college friend that generated nearly $1.5 million in illegal profits. As an Indian immigrant, he could serve more than three years in prison and be deported over time. But Mr. Wahi is still fighting the […]