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.

Credit Suisse Found Guilty in Money-Laundering Case Tied to Cocaine Ring 

Credit Suisse and a former employee were found guilty in a Swiss federal criminal court of helping a Bulgarian crime ring launder money related to cocaine trafficking.

Digital World Acquisition Discloses Federal Subpoenas 

The special-purpose acquisition company, which has plans to merge with Donald Trump's social-media company, also said a board director has resigned.

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 Digital said.

McDonald's Names New Finance, Supply-Chain Executives 

The fast-food company taps Ian Borden as CFO as Kevin Ozan moves into a new role. Marion Gross will oversee global supply-chain operations.

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 share-repurchase program.


(END) Dow Jones Newswires

June 27, 2022 13:00 ET (17:00 GMT)

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