Nike Says Mark Parker to Step Down as CEO in 2020 
 

Nike Inc. 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.

 
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.

 
BNY Mellon Vice Chairman Bill Daley Has Left Bank 
 

Bill Daley, the former White House chief of staff, has left his post at Bank of New York Mellon less than five months after the bank announced his arrival.

 
TD Ameritrade Revenue Forecast Tops Analyst Estimates 
 

The electronic broker said it expects revenue to fall about 15% next year after it nixed trading commissions.

 
Uber Says Customer Discounts Won't Drive Long-Term Growth 
 

Incentives are a big part of the food-delivery business today but won't be over the long term, the head of Uber Everything said at WSJ Tech Live.

 
U.S. Bancorp Cuts Assistant Branch Managers 
 

A spokeswoman declined to provide a number of employees affected by the cuts, but said it would affect less than 2% of its workforce.

 
FTC Settles with Maker of Tracking Apps 
 

A software developer behind remote-monitoring apps-which federal regulators said were used to stalk people-has accepted new restrictions on its products.

 
Car-Parts Supplier Continental to Overhaul Business 
 

The company plans to book a $2.8 billion write-down in the latest evidence of how softening global car demand and the mass shift to electric vehicles are reshaping the economy of car manufacturing.

 
Lyft Expects to Be Profitable a Year Earlier Than Projected 
 

Ride-hailing company Lyft expects to be profitable on an adjusted earnings basis by the end of 2021, a year ahead of analysts' forecasts, the company's founders said at WSJ Tech Live.

 
 

(END) Dow Jones Newswires

October 22, 2019 17:15 ET (21:15 GMT)

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