It’s Official: China’s E-Commerce King is a Communist China’s E-Commerce king, Jack Ma, was identified as a Communist Party member by the People’s Daily in a list of people credited with helping modernize China’s economy.

Lettuce ProducersPrepare Labeling Changes in Response to NewE. Coli Outbreak Major U.S. lettuce producers are preparing to change how they label romaine lettuce as the latest E. coli outbreak shuts down the market for the leafy salad green.

Carlos Ghosn Was Too Powerful, Nissan’s CEO Says Nissan Motor’s chief executive told employees Carlos Ghosn had too much power as chairman, highlighting the tension welling up between the two men before Mr. Ghosn’s arrest a week ago. The fallout spread Monday as Mr. Ghosn was ousted as chairman of Nissan partner Mitsubishi Motors.

GE Bonds Rebound as Bargain Hunters Swoop In General Electric bonds rebounded sharply in recent days, easing some of the losses debt investors have taken as doubts about the conglomerate’s financial stability spread through financial markets.

Second-Tier Cities Boast First-Rate Job Figures Amazon.com Inc.’s decision to locate new headquarters in the New York and Washington regions highlighted an ongoing shift of economic might toward big coastal power cities. But second-tier cities are thriving, and by some measures they are doing even better than their bigger rivals.

Airbnb Hires New CFO From Amazon Airbnb has hired another executive from Amazon.com, this time naming Dave Stephenson as chief financial officer of the vacation-rental portal ahead of its potential public offering.

Trump Tells GM to Open Ohio Plant and Stop Output in China General Motors plans to cut up to 14,800 jobs and end production at certain plants, marking the auto maker’s first significant downsizing since bankruptcy as it tries to adjust to lower demand for passenger cars. President Trump said GM should stop making cars in China and make them in the U.S. instead, in an exclusive WSJ interview.

United Tech to Break Itself Into Three Companies The industrial conglomerate has decided to separate itself into three independent companies, breaking apart one of America’s last industrial conglomerates.