GE Chairman, CEO Culp Also Named CEO of GE Aviation

John Slattery, who had been president and CEO of GE Aviation, will now serve as executive vice president and chief commercial officer of the business.

 
Crypto Hedge Fund Three Arrows Defaulted on Loan, Says Broker

Three Arrows has defaulted, failing to make loan payments tied to large bets in the digital-currency realm, crypto broker Voyager Digital said.

 
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.

 
India's Zomato Bites the Bullet on Quick Commerce

Tech firm Zomato's acquisition of instant delivery firm Blinkit is coming across as a risky bet in a tough market environment. But does Zomato have the option to wait?

 
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.

 
McKinsey Clients Won Puerto Rico Contracts as Firm Advised Government

McKinsey & Co. has been a top government consultant since 2016 in Puerto Rico, helping the U.S. territory's financial overseers manage its spending. In that time, corporate clients of the consulting firm have won tens of billions of dollars of government business, new disclosures show.

 
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.

 
Spirit Just Got a Better Bid From Frontier. Its Stock Is Dropping.

Proxy advisory firm Institutional Shareholder Services recommends Spirit shareholders vote for a merger with Frontier Airlines.

 
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.

(END) Dow Jones Newswires

June 27, 2022 11:15 ET (15:15 GMT)

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