In the News: Blockbuster, Knicks, Chick-fil-A and more

Alibaba CEO resigns in the wake of fraud on his watch.  

Blockbuster receives $290 million initial takeover bid.

Carmelo Anthony is joining the New York Knicks.

Chick-fil-A gains momentum. 

Diageo gambles on acquisition in Turkey.

Dynegy sees top officers and directors depart over Icahn bid.

HP's new board looks to reboot brand.

Justin Bieber's new haircut shakes up Belieber ranks.

Kraft hopes to make a splash with new MiO water flavoring.

L’Oreal focuses on U.S. market.

News Corp. agrees to buy Shine Group in a family deal.  

PepsiCo builds major launch around new skinny Diet Pepsi can; while its work with corn farmers in Mexico illustrates the company’s social approach.