News Highlights: Top Company News of the Day
GE Chairman, CEO Culp Also Named CEO of GE Aviation
John Slattery, who had been president and CEO of GE Aviation,
will now serve as executive vice president and chief commercial
officer of the business.
Crypto Hedge Fund Three Arrows Defaulted on Loan, Says Broker
Three Arrows has defaulted, failing to make loan payments tied
to large bets in the digital-currency realm, crypto broker Voyager
McDonald's Names New Finance, Supply-Chain Executives
Fast-food company's moves come amid some of the biggest changes
in decades to its franchising system.
India's Zomato Bites the Bullet on Quick Commerce
Tech firm Zomato's acquisition of instant delivery firm Blinkit
is coming across as a risky bet in a tough market environment. But
does Zomato have the option to wait?
Taiwan's GlobalWafers to Invest $5 Billion in New Texas Plant
The silicon facility would reduce reliance on imports by
supplying wafers to companies such as Intel and Taiwan
Semiconductor Manufacturing Co., and create 1,500 U.S. jobs.
No Government Money, No Problem for Moderna and Pfizer
Congressional gridlock on Covid-19 funding might lead to vaccine
inequity, but it won't be a bad thing for the manufacturers, which
will charge a higher price in the private market.
McKinsey Clients Won Puerto Rico Contracts as Firm Advised Government
McKinsey & Co. has been a top government consultant since
2016 in Puerto Rico, helping the U.S. territory's financial
overseers manage its spending. In that time, corporate clients of
the consulting firm have won tens of billions of dollars of
government business, new disclosures show.
Tencent Shares on the Block as Prosus Looks to Fund Buyback
Tencent's largest shareholder will start paring its stake in the
Chinese internet company to fund an open-ended, long-term
Spirit Just Got a Better Bid From Frontier. Its Stock Is Dropping.
Proxy advisory firm Institutional Shareholder Services
recommends Spirit shareholders vote for a merger with Frontier
Russian Gas Cuts Threaten World's Largest Chemicals Hub
Dwindling Russian gas supplies are proving a threat to chemicals
companies and their disruption would reverberate well beyond the
sector, threatening Europe's economy at a time of high inflation
and slowing growth.
(END) Dow Jones Newswires
June 27, 2022 11:15 ET (15:15 GMT)
Copyright (c) 2022 Dow Jones & Company, Inc.