Alibaba Group’s public fight with the Chinese government over fakes is putting a spotlight on a little-known but increasingly aggressive regulatory agency that is seeking greater sway over the country’s vast e-commerce market.
Altria Group posted increased revenue in the fourth quarter as higher prices offset a decline in cigarette volume. The cigarette maker also said its operating chief, Dave Beran, would retire March 1 after nearly four decades with the company.
The flight attendant at the center of the “nut rage” incident involving the daughter of the chairman of Korean Air said she lied about what happened because she felt pressure from company executives to speak well of the heiress.
Eli Lilly and Co. said foreign-exchange pressures weighed on sales in the most recent quarter as the pharmaceutical company continued to suffer the impact of patent expirations on some of its key drugs.