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News Highlights: Top Company News of the Day

Alibaba to Split Into Six Groups and Explore IPOs 

The biggest structural overhaul in the Chinese tech company's history comes days after co-founder Jack Ma returned to mainland China. The stock jumped in U.S. trading.

Sam Bankman-Fried Charged With Bribing Chinese Officials 

Prosecutors accused the FTX founder of conspiring to pay off Chinese officials to regain access to more than $1 billion in frozen cryptocurrency.

Apple Rolls Out Buy Now, Pay Later Plan 

The tech company will let users apply for loans of as much $1,000 with no interest or fees.

Fed's Barr Says Silicon Valley Bank Failed Because It Didn't Address Clear Risks 

The Federal Reserve's top banking regulator blamed the executives of Silicon Valley Bank for the firm's failure and said central bank officials privately gave the bank poor ratings for its management in the lead-up to its March 10 collapse.

U.S. Appeal Halts Binance.US From Buying Voyager Crypto Accounts 

The U.S. government won a court order pausing Voyager's deal to sell its customer accounts out of bankruptcy to Binance.US.

Lyft's New Boss Quickly Loses His Signing Bonus 

Relief over the founders' exit gives way to worries about the new CEO and Lyft's dwindling share.

Meta Plans Lower Bonus Payouts for Some Staff 

Facebook parent Meta Platforms intends to adjust its performance-review process, saying it is optimizing for the year ahead.

Companies Urged to Take Stock of Their Impact on Nature and Related Risks 

A U.N.-funded task force aims to help businesses report and act on a variety of issues, including deforestation and overfarming.

Walgreens Earnings Fall on Fewer Covid Tests, Payroll Investments 

The profit drop came as hundreds of stores continue to operate at reduced hours because of a continuing staff shortage.

Lockheed Martin Bets on Moon Missions 

Government spending has helped spur private-sector investments in a range of products and services for future lunar missions.

(END) Dow Jones Newswires

March 28, 2023 15:00 ET (19:00 GMT)

2023 Dow Jones & Company, Inc.

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