Investment Bankers Charged in Global Insider Trading Scheme 
 

Federal prosecutors in Manhattan have charged six bankers, including a Goldman Sachs executive, with a wide-ranging insider-trading scheme spanning Europe and in the U.S. that yielded tens of millions of dollars in allegedly illegal profits.

 
Facebook's Zuckerberg to Face Congressional Grilling 
 

Mark Zuckerberg is set to appear before the House Financial Services Committee in a hearing focused on Facebook's libra cryptocurrency plans. Lawmakers also are expected to ask about potential discrimination in how the company handles housing and credit-related advertising.

 
Verizon to Offer Free Disney+ as Streaming Wars Heat Up 
 

Verizon Communications said it would provide its wireless customers on unlimited data plans a year of free access to Disney+, giving the new streaming entrant a huge potential boost and the cellphone carrier a fresh way to hold on to customers.

 
Neumann to Get Up to $1.7 Billion to Exit WeWork as SoftBank Takes Control 
 

SoftBank has reached a deal to take control of WeWork that would hand co-founder Adam Neumann nearly $1.7 billion and sever most of his ties with the company.

 
McDonald's Falls Short on Profit 
 

McDonald's same-store sales grew at 5.9% in the third quarter, topping analyst expectations, as the burger chain reached for deals and price increases to boost sales. However, profit fell short of analyst estimates.

 
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 and worries about tariffs.

 
Lockheed Martin Guidance Falls Short 
 

Lockheed Martin said Tuesday it expects slower sales growth next year, with domestic budget headwinds and changing Pentagon priorities clouding the outlook for defense contractors.

 
Shares of Hasbro Fall as Tariffs Weigh on Toy Orders 
 

Hasbro's shares tumbled after toy maker reported that trade tensions with China cut into its latest quarterly results.

 
UBS Takes Restructuring Charge as Profits Fall 
 

UBS said it would weather tougher banking conditions by tightening up the focus of its investment bank and charging large clients for deposits, as it posted a fall in third-quarter profit.

 
Under Armour Founder Kevin Plank Steps Aside as CEO 
 

Kevin Plank, the founder and chief executive of Under Armour, is stepping down as CEO, leaving the task of turning around the sportswear maker to one of his lieutenants.

(END) Dow Jones Newswires

October 22, 2019 13:00 ET (17:00 GMT)

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