News Highlights: Top Company News of the Day
October 23 2019 - 3:30AM
Dow Jones News
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.
Peugeot Warns on Global Demand
Peugeot said that revenue edged higher in the third quarter, but
warned that global car markets were shrinking faster than it had
forecast.
Heineken Trims Growth Forecasts
Heineken lowered its targets for full-year growth to the bottom
end of its previous range despite a rise in net profit.
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.
Disney Chief Defends Marvel Movies Against Critics
Walt Disney Chief Executive Robert Iger pushed back forcefully
at criticism from Hollywood directors Martin Scorsese and Francis
Ford Coppola about Marvel Studios' superhero movies, saying he was
"puzzled by it" and that they failed to appreciate the impact the
films have on audiences.
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.
(END) Dow Jones Newswires
October 23, 2019 03:15 ET (07:15 GMT)
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