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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