Microsoft Names CEO Satya Nadella Board Chairman 

Mr. Nadella took over as chief executive in 2014 and helped restore the software giant's fortune in part by betting on the company's cloud-computing business.

Justice Department Sues to Block Aon Acquisition of Willis Towers Watson 

An antitrust lawsuit alleges insurance broker Aon's proposed $35 billion acquisition of rival Willis Towers Watson would lead to higher prices and stifle innovation.

GM Raises Electric-Car Bet 

General Motors said that it will boost spending on electric and autonomous vehicles to $35 billion through 2025, an increase that reflects plans to add two more battery factories in the U.S.

Royal Caribbean Postpones July Cruise After Crew Members Test Positive for Covid-19 

The delay shows that positive cases on board could disrupt restart plans.

Morgan Stanley Hires Greg Weinberger Away From Credit Suisse 

The investment banker's departure comes as the Swiss bank deals with losses tied to the meltdown of Archegos Capital Management.

Waymo Raises $2.5 Billion in Funding Round 

Alphabet's self-driving affiliate said it wants to continue developing its Waymo Driver autonomous-driving system.

Toshiba Chairman, Under Fire, Says He May Leave After He Fixes Issues 

In an interview with The Wall Street Journal, Osamu Nagayama, up for re-election after a turbulent spring, said he saw it as his mission to fix the conglomerate's governance problems by bringing in new blood.

Boeing, Airbus Gear Up for Post-Tariff Fight for Orders 

A trans-Atlantic truce over jetliner subsidies sets up Boeing and Airbus for a revitalized battle in their respective home markets, as each maps out strategies to regain ground lost to the pandemic-driven travel slump.

Oracle's Cloud Bill Is Finally Coming Due 

The software giant plans to double capital expenditures in a very expensive race to provide cloud computing.

Apple Struggles in Push to Make Health Its Greatest Legacy 

Apple CEO Tim Cook has said the company's greatest contribution to mankind will be in health. So far, some of its initiatives aimed at broadly disrupting the healthcare sector have struggled to gain traction.


(END) Dow Jones Newswires

June 16, 2021 19:00 ET (23:00 GMT)

Copyright (c) 2021 Dow Jones & Company, Inc.