News Highlights: Top Company News of the Day
MSNBC Taps Alex Wagner as Rachel Maddow's Successor
The veteran political correspondent is set to host the channel's
9 p.m. hour starting in August
GE CEO Larry Culp to Also Run Aviation Business
The company is shaking up leadership in its jet-engine business
as it prepares for a breakup.
McDonald's Names New CFO, Promoting From Within
The fast-food company has tapped a new finance chief as it works
to revamp its U.S. franchise system and manage high inflation.
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
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.
(END) Dow Jones Newswires
June 27, 2022 15:15 ET (19:15 GMT)
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