News Highlights: Top Company News of the Day
October 22 2019 - 05:30PM
Dow Jones News
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)
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