IHG, SmileDirectClub, Wells Fargo, AT&T and AB InBev: Stocks to Watch

Here are some of the companies the Yahoo Finance team will be watching today.

Intercontinental Hotels Group (IHG), the owner of Holiday Inn hotels, is blaming unrest in Hong Kong for lower bookings and a nearly 1% drop in overall revenue. It reported a 6% slide in revenue per available room in Greater China, and in Hong Kong, revenue plummeted 36%. IHG isn't the only company feeling the pressure. Hilton Worldwide (HLT) and AccorHotels both warned investors that the U.S.-China trade war is hurting revenue.

SmileDirectClub (SDC) has filed a lawsuit against the California Dental Board. The suit claims that dentists had an investigator raid SmileDirectClub shops across California in an attempt to stifle competition. A source tells Yahoo Finance no damage was done to SmileDirectClub stores in the raid, but that the investigator allegedly harassed and intimidated employees with questions.

Wells Fargo (WFC) is being ordered to hire some job candidates it rejected 5 years ago, as part of a settlement with the Labor Department. The agency found Wells discriminated against thousands of candidates, and now must pay upwards of $600,000 in back wages. it also has to offer jobs to those candidates as they open up.

AT&T (T) is reportedly working to reach an agreement with the activist investor who called for change at the telecomm giant. Multiple reports say Elliott Management Corp and AT&T are in talks about possible changes including a strategic review of assets and possible sales to improve revenues. The two could reach an agreement as soon as this month.

The battle of the brews is heating up again. In court documents, AB InBev (BUD) claims that Molson Coors (TAP) has been stealing its secret beer recipes. The maker of Bud and Bud Light made the accusations in a counterclaim to a lawsuit filed by Molson Coors back in March over a Super Bowl ad that shamed Miller Lite and Coors Light for using corn syrup.