News Highlights: Top Company News of the Day
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.
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.
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
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.
Tencent Stock Falls After Top Holder Stake Sale
Amsterdam-listed Prosus owns a roughly 29% stake in Tencent.
Studios Battle for Players of 'Hypercasual' Videogames, the Latest Mobile Distraction
Mobile games that require little brainpower to play are becoming
more sophisticated as their publishers try to cling on to
3M Faces Potentially Billions in Liabilities Over $7.63 Earplugs
The company will begin court-ordered settlement negotiations
over military earplugs next month, following lawsuits filed by
thousands of veterans.
Tesla, Ford and GM Raise EV Prices as Costs, Demand Grow
Auto makers are marking up electric vehicles to offset rising
battery-material costs and capitalize on the interest caused by
higher gas prices.
NIO's Shares Hit New Highs as Outlook Brightens
NIO Inc.'s shares in Hong Kong and Singapore climbed to fresh
highs as the global outlook for electric-vehicle demand
(END) Dow Jones Newswires
June 27, 2022 09:00 ET (13:00 GMT)
Copyright (c) 2022 Dow Jones & Company, Inc.