SkyBridge decision on deal to sell firm expected by end of February: CIO
NEW YORK (Reuters) – A decision on the sale of SkyBridge Capital LLC, owned by former White House communications director Anthony Scaramucci, to a consortium that includes Chinese conglomerate HNA Group [HNAIRC.UL] should be made by the end of February, the firm’s chief investment officer said on Tuesday.
Chipotle turns to Taco Bell’s ‘Doritos Locos’ chief as new CEO
(Reuters) – Chipotle Mexican Grill Inc has hired Brian Niccol, known for bringing “Doritos Locos Tacos” and mobile ordering to Taco Bell, as its next chief executive to turnaround the once red-hot burrito chain that has been battered by food safety la…
U.S. defense spending bonanza puts niche acquisitions in play
WASHINGTON (Reuters) – Rising U.S. government spending on the Pentagon is fueling a spree of deal making among defense companies.
Uber’s fourth-quarter loss narrows to $1.1 billion: source
(Reuters) – Uber Technologies Inc narrowed its fourth-quarter loss to $1.1 billion from a loss of $1.46 billion in the previous quarter, a person familiar with the matter told Reuters.
Lotte Corp shares down more than 7 percent after group chief arrested
SEOUL (Reuters) – Shares in Lotte Corp , the holding company of Lotte Group, declined more than 7 percent to a near eight-week low early on Wednesday, after the group’s chairman was jailed for bribery.
Asia shares, dollar tense for inflation test
SYDNEY (Reuters) – Asian shares were set for a tense session on Wednesday as investors await readings on U.S. inflation that could fan fears of faster rate hikes and unleash another burst of global volatility.
Chipotle names Taco Bell chief as CEO, to lead turnaround
(Reuters) – Chipotle Mexican Grill Inc on Tuesday said it had hired Brian Niccol from Yum Brands Inc’s Taco Bell unit as chief executive officer to turn around the burrito chain that has been hurt by a series of food safety lapses.
Airbnb’s ‘Experiences’ business on track for 1 million bookings, profitability
SAN FRANCISCO (Reuters) – Airbnb Inc’s year-old tours and activities business is booking tens of thousands of travelers every month and is likely to be profitable late next year, the company said on Tuesday, highlighting success in its efforts to grow …
Chipotle names Taco Bell chief Brian Niccol CEO
(Reuters) – Chipotle Mexican Grill Inc on Tuesday said it had hired Brian Niccol from Yum Brands Inc’s Taco Bell unit as chief executive officer to turn around the burrito chain that has been hurt by a series of food safety lapses.
Wall St. advances; investors lock on inflation data
(Reuters) – Wall Street climbed on Tuesday for a third straight session, buoyed by Amazon.com and Apple, while investors focused on inflation data on Wednesday that could upset the market’s fragile recovery – or clear the way for additional gains.
