BlackRock Splits Leadership Roles at European Stock-Picking Unit 
 

BlackRock is installing a new boss at its European stock-picking arm as the Wall Street behemoth looks to boost returns and assets in that part of its business.

 
Volkswagen Follows Tesla Into Battery Business 
 

The German auto giant is investing $1 billion in battery projects with a Swedish startup founded by two of Elon Musk's former hires.

 
Alitalia's Revenue Rose in First Five Months of 2019 
 

Alitalia said that passenger revenue and total revenue both increased during the first five months of the year.

 
Boeing 737 MAX Grounding Ripples Through Supply Chain 
 

With the grounding of the 737 MAX airliner stretching into its fourth month, some suppliers are rethinking whether to keep making parts at full steam as inventories swell and the plane's recertification timeline remains hazy.

 
Tyson's New Nuggets Swap In Peas for Chicken, as Meatless Frenzy Grows 
 

The top U.S. meatpacker plans to make its first foray into the fast-growing meat-replacement business with a plant-protein alternative to poultry.

 
Alibaba Files Plans to List in Hong Kong 
 

Alibaba Group Holding has filed confidential paperwork for a Hong Kong listing, according to people familiar with the matter, kicking off a process that could see the Chinese internet giant raise billions of dollars from a large stock sale in the coming months.

 
Regulator Fines PwC for Audit Shortfalls Related to British Service Provider 
 

A U.K. regulator fined and reprimanded PricewaterhouseCoopers LLP and two of its partners for shortfalls in its audits of a British service provider, following increased scrutiny over the practices of the country's biggest audit firms.

 
Huawei's Booming Smartphone Business Dealt Blow by U.S. Ban 
 

The recent U.S. move to blacklist Huawei threatens to cut off its access to crucial phone components and software for devices used by millions of people world-wide.

 
Tariffs Loom Over Car Makers, Despite Mexico Deal 
 

The auto industry continues to weather trade-related fallout despite a deal the U.S. and Mexico struck that shelved President Trump's plan to impose tariffs on imports.

 
HSBC Carves Special Role as Banker to the Saudis 
 

When Saudi Arabia wanted to attract investors after the killing of Jamal Khashoggi, officials turned to a longtime banker to the kingdom: HSBC.

(END) Dow Jones Newswires

June 13, 2019 13:00 ET (17:00 GMT)