News Highlights: Top Company News of the Day
October 22 2019 - 9:30PM
Dow Jones News
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.
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.
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.
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, an estimate that
isn't as severe as analysts predicted.
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.
(END) Dow Jones Newswires
October 22, 2019 21:15 ET (01:15 GMT)
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