General Electric to Sell over 2 bln Stake in GE HealthCare

Reuters General Electric Co is offering 25 million of common stock, or an over 2 billion stake, in GE HealthCare Technologies Inc, according to a regulatory filing on Monday. Under the debtforequity exchange agreement, GE is expected to exchange 28.75 million GE HealthCare shares for debt held by affiliates of Morgan Stanley, GE HealthCare said in […]
Read More

Ford Motor Names Whirlpool Exec as New Supply Chain Chief

June 6 Reuters Ford Motor Co on Tuesday named Whirlpool Corp39;s Liz Door its chief supply chain officer, at a time when the automaker navigates through parts shortages and rising costs. The appointment, effective June 12, comes as the company predicts a difficult 2023, blaming chip shortages and other supply chain issues and production instabilities. The role […]
Read More

Chinese Universities Raise Tuition Fees by as much as 54

BEIJING, June 6 Reuters Chinese universities are drastically increasing tuition fees this year, with some making their first rises in two decades, hurt by a reduced national budget for tertiary education and tight local government finances. The higher fees come amid a financial crunch among local governments after three years of disruptive COVID19 policies, a property crisis […]
Read More

Irish Services Sector Growth Slows in May

DUBLIN, June 6 Reuters Growth in the Irish services sector slowed slightly in May but new export business grew at its fastest rate since last summer and business expectations improved, a survey showed on Tuesday. The AIB SP Global Purchasing Managers39; Index PMI slipped to 57.0 from 58.4 in April, remaining above the 50 mark […]
Read More