News Highlights: Top Company News of the Day

Date : 10/23/2019 @ 5:30AM
Source : Dow Jones News

News Highlights: Top Company News of the Day

SoftBank to Boost Stake in WeWork in Deal That Cuts Most Ties With Neumann 
 

SoftBank said it agreed to take a majority stake in WeWork after securing a deal that could hand co-founder Adam Neumann a nearly $1.7 billion windfall and sever most of his ties with the office-space startup.

 
Whirlpool Continues To Benefit From Higher Prices 
 

Whirlpool beat profit expectations, as the company continued to benefit from charging higher prices for its laundry and washing appliances.

 
Nike Chief Mark Parker to Step Down in 2020 
 

Nike said longtime Chief Executive Mark Parker will step aside as CEO of the sportswear giant and be replaced by one of the company's current board members.

 
DoorDash CEO Slams California Law on Gig Economy 
 

The chief executive of food-delivery startup DoorDash said there could be disastrous consequences from a recently passed California bill designed to classify independent contractors as employees.

 
Amazon Ready to Pour Billions Into Policing Products 
 

Amazon might need to spend billions of dollars in the future to prevent the sale of counterfeit goods, expired food or dangerous products on its platforms to preserve the customer trust that is critical to the company's future, Amazon consumer chief Jeff Wilke said.

 
China Zheshang Bank Plans Shanghai Listing 
 

China Zheshang Bank is seeking to raise $1.78 billion from a secondary listing on the Shanghai Stock Exchange.

 
Chipotle Sees Online Sales Boost 
 

Chipotle Mexican Grill is selling more burritos as the chain pushes online sales, though handling deliveries is coming at a cost.

 
P&G Posts Another Quarter of Strong Sales Gains 
 

Procter & Gamble said sales rose across all of its business lines in its latest quarter, as consumers continued to pay higher prices for household goods despite slower global growth.

 
Snap Posts Gains in Users, Revenue 
 

Snap reported another quarterly increase in users and revenue, signaling that changes made earlier this year to its Snapchat messaging app are boosting its fortunes.

 
Boeing Commercial Airplanes Chief Leaving Amid 737 MAX Crisis 
 

Kevin McAllister is leaving Boeing as head of the commercial airplanes unit, the highest-profile departure from the company as a result of the crisis surrounding its 737 MAX airliner.

 
 

(END) Dow Jones Newswires

October 23, 2019 01:15 ET (05:15 GMT)

Copyright (c) 2019 Dow Jones & Company, Inc.
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