News Highlights: Top Company News of the Day
Kraft Heinz Names New CFO Effective March 1
Kraft Heinz Co.'s Paulo Basilio intends to step down as chief
financial officer on March 1 and Andre Maciel, currently U.S. CFO
and head of digital transformation, will succeed him the company
Morgan Stanley's Gorman Gets $35 Million for 2021
The bank notched record results last year. His pay beat that of
JPMorgan's Jamie Dimon.
Netflix Plunge Deepens Nasdaq's Correction
The streaming giant's shares fell 22% Friday as a selloff in
government bonds and lackluster earnings have eroded demand for the
once-highflying tech trade.
Companies Face Patchwork of Covid-19 Rules After Supreme Court Ruling
Companies will have to fend for themselves-and grapple with
varied state and local requirements-following the high court's
decision to overturn the Biden administration's mandate for large
Swedbank Names New Chief Compliance Officer
The Swedish lender has hired Britta Hjorth-Larsen, who currently
serves as head of nonfinancial risk at Bank of Ireland.
Airbus Cancels Qatar Airways Plane Contract, a Rare Move Amid Growing Spat
The cancellation of the $6 billion jet contract is the latest
move in the fight between the world's largest plane maker and the
world's largest long-haul airline.
Google Seeks Dismissal of Ad Practices Suit
The search giant said that the states' complaint focused on
outdated conduct that didn't preclude competition and that the
practices were largely abandoned as the company's ad tech business
Intel to Invest $20 Billion in U.S. Chip-Making Facility
Intel plans to invest at least $20 billion in new chip-making
capacity in Ohio, bolstering its semiconductor-production ambitions
as greater demand for digital products and a global chip shortage
have amplified the need for more manufacturing.
Schlumberger Earnings Were Strong. The Stock Is Still Falling.
Shares of the oil services company fall Friday, despite strong
results and guidance.
Mexico's TV Azteca Faces Creditor Ultimatum After Skipping Interest Payments
A consortium of U.S.-based creditors to Mexican multimedia
conglomerate TV Azteca has threatened to take action to seize its
assets in Mexico and abroad after the company skipped a year's
worth of interest payments and is on the cusp of foregoing another
in February, according to people familiar with the matter.
(END) Dow Jones Newswires
January 21, 2022 17:15 ET (22:15 GMT)
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