PRESS DIGEST - Wall Street Journal - June 25

Reuters
06/25
PRESS DIGEST - Wall Street Journal - June 25

June 25 (Reuters) - The following are the top stories in the Wall Street Journal. Reuters has not verified these stories and does not vouch for their accuracy.

- Federal investigators cite Boeing's BA.N flawed manufacturing and inadequate regulatory oversight as factors in the January 2024 737 MAX door plug incident.

- New Zealand accounting software major Xero XRO.AX agreed to buy New York payments provider Melio for $2.5 billion, accelerating the Kiwi firm's push into the United States with the country's biggest outbound deal in more than a decade.

- Power utility company Iberdrola IBE.MC has appointed the chief of its U.S. subsidiary Avangrid, Pedro Azagra Blazquez, as the new group chief executive, replacing Armando Martinez Martinez, who resigned as CEO.

- E-commerce firm Amazon AMZN.O is expanding its Same-Day and Next-Day Delivery to more communities in the U.S., extending the service to thousands of smaller towns and cities across the country.

- McDonald MCD.N and donut maker Krispy Kreme DNUT.O said on Tuesday they would end their partnership in the U.S. by July as the companies struggled to manage the costs associated with the venture.

- A U.S. intelligence report found military strikes on Iranian nuclear facilities only delayed Tehran's ambitions by a few months.

(Compiled by Bengaluru newsroom)

((globalnewsmonitoring@thomsonreuters.com))

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