News Highlights: Top Company News of the Day
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
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
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
(END) Dow Jones Newswires
June 16, 2021 19:00 ET (23:00 GMT)
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