Sectors News Results

  • GE to Switch Leader of Jet-Engine Unit Amid Aerospace Tumult -- Update

    The longtime leader of General Electric Co.' s large aviation division, David Joyce, is retiring from the jet-engine business, which is in the midst of a restructuring prompted by the coronavirus pandemic. Joyce, a 40- year GE veteran who has run GE Aviation since 2008, will be replaced by an outsider, John Slattery, an executive at Brazilian plane maker Embraer SA. Slattery, 51 years old, will join the company on July 13 and take over as CEO of GE Aviation on Sept. 1..

  • Cathay Gets Government Bailout -- WSJ

    This article is being republished as part of our daily reproduction of articles that also appeared in the U.S. print edition of The Wall Street Journal. Hong Kong's government is leading a bailout of the city's flagship carrier Cathay Pacific Airways Ltd. (CPCAF), providing it with the bulk of a $5 billion funding package that could also give the government a minority stake in the 73- year-old company. Cathay said Tuesday that it would receive $2.5 billion from a...

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