• In this March 19, 2016 photo, Jack Ma, executive chairman of the Alibaba Group, listens to a speaker during a panel discussion held as part of the China Development Forum at the Diaoyutai State Guesthouse in Beijing. The International Anti-Counterfeiting Coalition's decision to welcome Chinese e-commerce giant Alibaba as a new member - and allow founder Jack Ma to make the keynote speech at its May 2016 conference - so incensed the U.S. luxury retailer Michael Kors that it severed its longstanding connection with the Washington-based industry group. (AP Photo/Mark Schiefelbein)

    Some howl over Alibaba’s place in anti-counterfeiting group

    SHANGHAI (AP) — The prospect of sitting in a Hyatt Regency ballroom in Florida and listening to Jack Ma, founder of Chinese e-commerce giant Alibaba, deliver the keynote for the International Anti-Counterfeiting Coalition’s conference this month did not sit well with Michael Kors’ general counsel. In fact, Ma’s imminent speech — and the IACC’s April decision to welcome Alibaba as a new member — so incensed the U.S. luxury brand that it severed its longstanding connection with the Washington-based industry group.

  • A currency trader walks by the screen showing the Korea Composite Stock Price Index (KOSPI) at the foreign exchange dealing room in Seoul, South Korea, Friday, April 29, 2016. Asian stocks were mixed Friday after Wall Street slid and Japan's central bank surprised markets by putting off possible additional stimulus. (AP Photo/Lee Jin-man)

    Asian stocks mixed after Wall Street slide

    BEIJING (AP) — Global stock markets mostly fell Friday after Wall Street slid and Japan’s central bank surprised markets by putting off possible additional stimulus.