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 said Friday.

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 private employers.

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The search giant said that the states' complaint focused on outdated conduct that didn't preclude competition and that the practices were largely abandoned as the company's ad tech business evolved.

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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