McDonald's Names New Finance, Supply-Chain Executives

Fast-food company's moves come amid some of the biggest changes in decades to its franchising system.

 
Taiwan's GlobalWafers to Invest $5 Billion in New Texas Plant

The silicon facility would reduce reliance on imports by supplying wafers to companies such as Intel and Taiwan Semiconductor Manufacturing Co., and create 1,500 U.S. jobs.

 
No Government Money, No Problem for Moderna and Pfizer

Congressional gridlock on Covid-19 funding might lead to vaccine inequity, but it won't be a bad thing for the manufacturers, which will charge a higher price in the private market.

 
Tencent Shares on the Block as Prosus Looks to Fund Buyback

Tencent's largest shareholder will start paring its stake in the Chinese internet company to fund an open-ended, long-term share-repurchase program.

 
Russian Gas Cuts Threaten World's Largest Chemicals Hub

Dwindling Russian gas supplies are proving a threat to chemicals companies and their disruption would reverberate well beyond the sector, threatening Europe's economy at a time of high inflation and slowing growth.

 
Tencent Stock Falls After Top Holder Stake Sale

Amsterdam-listed Prosus owns a roughly 29% stake in Tencent.

 
Studios Battle for Players of 'Hypercasual' Videogames, the Latest Mobile Distraction

Mobile games that require little brainpower to play are becoming more sophisticated as their publishers try to cling on to fickle-and monetizable-players.

 
3M Faces Potentially Billions in Liabilities Over $7.63 Earplugs

The company will begin court-ordered settlement negotiations over military earplugs next month, following lawsuits filed by thousands of veterans.

 
Tesla, Ford and GM Raise EV Prices as Costs, Demand Grow

Auto makers are marking up electric vehicles to offset rising battery-material costs and capitalize on the interest caused by higher gas prices.

 
NIO's Shares Hit New Highs as Outlook Brightens

NIO Inc.'s shares in Hong Kong and Singapore climbed to fresh highs as the global outlook for electric-vehicle demand brightens.

(END) Dow Jones Newswires

June 27, 2022 09:00 ET (13:00 GMT)

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