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Alibaba names new head of anti-counterfeiting, IP unit

(Reuters) – Alibaba Group Holding Ltd appointed Matthew Bassiur as head global intellectual property enforcement to oversee the company's anti-counterfeiting and intellectual property rights protection efforts. The appointment comes days after the Chinese e-commerce giant avoided being named on a U.S. blacklist for sites hosting the sale of fake goods. Alibaba's Taobao Marketplace and Alibaba.com were both previously on the piracy blacklist, which highlights markets

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Alibaba names new head of anti-counterfeiting, IP unit

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Oil prices hit eleven-year low as global supply balloons

By Catherine Ngai NEW YORK (Reuters) – Brent crude oil prices hit their lowest in more than 11 years on Monday, while U.S. crude flirted with seven-year lows on more signs that swelling global supply looked set to outpace tepid demand again next year. Global oil production is running close to record highs and, with more barrels poised to enter the market

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Oil prices hit eleven-year low as global supply balloons

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BMW hit with $40 million U.S. penalty for safety lapses

U.S. auto safety regulators on Monday fined BMW $10 million, part of a $40 million civil settlement over the German automaker's safety lapses. The fine is the second paid by BMW since 2012 and…

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BMW hit with $40 million U.S. penalty for safety lapses