Rio Tinto Makes Its Interim Finance Chief Permanent 

Mining company Rio Tinto named Peter Cunningham as chief financial officer, making permanent a role the company veteran has held on an interim basis since Jan 1.

Kroger's Cart Overfloweth 

The supermarket giant had a strong quarter and still has room to improve as normalcy returns.

Top Bankruptcy Firm Kirkland Losing Lawyers as Economy Improves 

Kirkland & Ellis LLP and several attorneys from the law firm's dominant bankruptcy practice have parted ways amid a dramatic slowdown in corporate defaults and chapter 11 filings, according to people familiar with the matter.

Danaher to Buy Aldevron From EQT for About $9.6 Billion in Cash 

Stockholm-based EQT in 2019 acquired a majority stake in Aldevron from fellow private-equity firm TA Associates, which retained a minority interest

CureVac Value Halves in Reminder of Vaccine Research Risks 

Plunge in share price comes after company released disappointing interim trial results for its Covid-19 vaccine.

JPMorgan Buys Nutmeg to Bolster Digital Banking Push in U.K. 

The U.S. lender is entering a crowded digital banking marketplace in the U.K., having agreed to purchase digital wealth manager Nutmeg.

TikTok Owner ByteDance's Annual Revenue Jumps to $34.3 Billion 

ByteDance's gross profit rose 93% to $19 billion last year, according to a memo to staff.

Lordstown Says Vehicle Purchase Agreements Aren't Binding Orders 

The disclosure comes days after the electric-truck startup's president said the company had "pretty binding" preorders and enough interest from potential buyers to sustain factory output through the end of 2022.

China Steps Up Antitrust Pressure on Internet Firms 

Government agents have made on-site inspections, during which they questioned company executives, downloaded financial records and collected internal communications.

Airbnb, Vrbo Battle for More Vacation Cabins as Travel Rebounds 

With demand for vacation-home rentals near beaches, lakes and national parks staying high as the economy reopens, short-term rental platforms are finding ways to sign up more hosts and increase listings.


(END) Dow Jones Newswires

June 17, 2021 17:00 ET (21:00 GMT)

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