BEIJING, March 18 (Reuters) - Freshippo, the groceries arm of e-commerce giant Alibaba Group ( BABA ), told staff that its CEO Hou Yi would retire, according to an internal letter seen by Reuters on Monday. Current CFO Yan Xiaolei will take on the CEO role, while Hou will continue as consultant to the company, the letter said. ...

05:32 AM EDT, 03/18/2024 (MT Newswires) -- Fennec Pharmaceuticals ( FENC ) and Norgine said Sunday that they have signed an exclusive licensing agreement to commercialize Pedmarqsi, which is intended for the prevention of hearing loss induced by cisplatin chemotherapy in patients one month to less than 18 years old with localized, non-metastatic solid tumors. Under the agreement, Norgine will...

BEIJING, March 18 (Reuters) - Chinese military and state-run media on Sunday accused the United States of threatening global security, days after a Reuters report which found Elon Musk's SpaceX was building hundreds of spy satellites for a U.S. intelligence agency. SpaceX's Starshield unit is developing the satellite network under a classified $1.8 billion contract with the National Reconnaissance Office...

05:14 AM EDT, 03/18/2024 (MT Newswires) -- Joann ( JOAN ) said Monday it has launched voluntary prepackaged Chapter 11 cases in the US with the aim of completing the process as soon as late April and emerging as a private company. The specialty retailer said it has agreed with most of its financial stakeholders and additional financiers for about...