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Pentagon accuses Alibaba, Baidu and BYD, three of China's biggest companies, of supporting the Chinese military

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Analysts expected oil to surge above $200 but China has quietly kept prices half of that—and can’t for much longer

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Costco CEO Ron Vachris rose from forklift driver to the C-suite without a college degree: ‘Don’t chase a title’ is the career advice that got him there

1

Pentagon accuses Alibaba, Baidu and BYD, three of China's biggest companies, of supporting the Chinese military

2

Analysts expected oil to surge above $200 but China has quietly kept prices half of that—and can’t for much longer

3

Costco CEO Ron Vachris rose from forklift driver to the C-suite without a college degree: ‘Don’t chase a title’ is the career advice that got him there
Leadership

Carly Fiorina declares White House bid

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May 4, 2015, 8:34 AM ET
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Former Hewlett-Packard Chief Executive Carly Fiorina announced on Monday she is running for president, becoming the only woman in the pack of Republican candidates for the White House in 2016.

Once one of the most powerful women in the American corporate world, Fiorina announced her bid on ABC News’ “Good Morning America” show.

“Yes, I am running for president. I think I’m the best person for the job because I understand how the economy actually works. I understand the world, who’s in it, how the world works,” she said.

Fiorina registers near the bottom of polls of the dozen or so Republican hopefuls and has never held public office.

But she has already attracted warm receptions at events in the early voting state of Iowa where she is positioning herself as a conservative, pro-business Republican highly critical of Democratic candidate Hillary Clinton.

Fiorina was forced by HP (HPQ) to resign in 2005 as the tech company struggled to digest Compaq after a $19 billion merger.

For more on the newly-declared presidential candidate, read, How Carly Fiorina got famous, Pattie Sellers’ story about how Fortune put Fiorina on the map.

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