Tag Archives: Wall Street Journal

Alipay, WeChat Take Battle for Mobile-Payment Dominance Overseas

A pitched battle between China’s technology titans for control of the world’s largest mobile-payments market is starting to ripple overseas. The biggest combatant is Ant Financial Services Group, an affiliate of e-commerce giant Alibaba Group Holding Ltd. and the owner of China’s dominant Alipay service. Alipay lets users pay for everything from haircuts to houses Read More…

Uber's Kalanick Fires Back at Investor in Legal Battle

Uber Technologies Inc.’s former chief executive fired back against a lawsuit from one of the ride-hailing firm’s biggest investors, saying Benchmark Capital is engaged in a personal attack that threatens to further damage the company. In a filing to the Delaware Chancery Court late Thursday, Travis Kalanick reiterated his call for the Benchmark legal dispute Read More…

Vishal Sikka Resigns as Infosys CEO

NEW DELHI—Vishal Sikka resigned Friday as chief executive of Infosys Ltd., citing a resistance to change at the company that deteriorated into ugly accusations of mismanagement at India’s second-largest software and outsourcing company. The Bangalore-based company said Mr. Sikka had the support of the board but had been harassed into leaving…

Skirting Netflix: Video Streamers Serve Up Horror, '70s Fare, Anime

Walt Disney Co.’s decision this month to stream its own movies and shows marks Hollywood’s latest—and biggest—attempt to wean itself from Netflix Inc. In the shadow of Netflix’s boom, smaller services have been finding niche audiences who appreciate such genres as horror and anime—or themes such as British shows or automobiles—but are unsatisfied by mainstream Read More…

Two Tenet Board Members Resign, Setting Up Potential Proxy Fight

Two members of Tenet Healthcare Corp.’s board of directors, who represent the company’s largest institutional shareholder, have resigned their posts, citing “irreconcilable differences” over significant matters involving the company. Randy Simpson and Matt Ripperger, who joined the board early last year and are both partners at Glenview Capital Management LLC, notified the board’s 10 other Read More…

Lost $12 Million Windfall Sparks Suit Against Delaware

Dr. Gilles Gosselin, above, and Jean Louis Imbach, chemists who developed a drug for treating hepatitis B, became major shareholders of Idenix Pharmaceuticals Inc., which was incorporated in Delaware. In 2009, Delaware took their stock, deeming it abandoned. Gosselin and Imbach are now suing the state. Photo: Christoph Boeckheler/Associated Press By Vipal Monga Vipal Monga Read More…