Chipotle restaurant under investigation after illness scare: report
(Reuters) – Shares of Chipotle Mexican Grill Inc fell as much as 3.3 percent after a report that public health officials are investigating a possible illness outbreak in one of the company’s restaurants in Los Angeles.
Thyssenkrupp shareholders get impatient for change
DUESSELDORF/FRANKFURT (Reuters) – Some investors in German industrial conglomerate Thyssenkrupp are becoming impatient with the pace of its restructuring, putting pressure on Chief Executive Heinrich Hiesinger to fix underperforming units and revive i…
With small caps, best to be choosy after U.S. tax overhaul
NEW YORK (Reuters) – Investors have seen small-cap stocks as having the most to gain from a tax code overhaul ever since the 2016 U.S. election, but with a bill on the brink of Congress approval, analysts warned not all small names will benefit equally…
JPMorgan Chase powers up robo-adviser for fintech race
NEW YORK (Reuters) – JPMorgan Chase & Co is powering up a lower-cost computerized investment management tool this week and plans to offer the robo-adviser to some clients next March and on a wide scale in the middle of the year.
U.S. home sales hit 11-year high, supply still tight
WASHINGTON (Reuters) – U.S. home sales increased more than expected in November, hitting their highest level in nearly 11 years, the latest indication that housing was regaining momentum after almost stalling this year.
China’s Fosun takes stake in Tsingtao Brewery as Asahi exits
TOKYO/HONG KONG (Reuters) – Chinese conglomerate Fosun International is taking a large chunk of Tsingtao Brewery Co after Japan’s Asahi Group Holdings said on Wednesday it would sell its entire 19.9 percent stake for a total of 106 billion yen ($93…
Wall Street opens higher as tax bill nears passage
(Reuters) – Wall Street’s main indexes opened higher on Wednesday after the U.S. Senate approved a sweeping $1.5-trillion tax bill that is expected to boost corporate earnings and lead to higher dividends and stock buybacks for investors.
From wine to watches, sharing sites offer slice of luxury
PARIS/ZURICH (Reuters) – Online platforms offering rentals or shares in everything from glitzy watches to sports cars are making inroads in the luxury goods market, as a shift in consumer habits begins to head up market.
Bank of England to spare EU banks from costly rules, if Brexit goes well
LONDON (Reuters) – The Bank of England said on Wednesday it planned to spare European banks costly extra capital rules once Britain left the EU, but warned of “consequences” if Brexit talks turned sour.
BoE to allow EU banks to operate in UK as normal after Brexit: BBC
LONDON (Reuters) – The Bank of England will allow European banks to continue operating without creating expensive subsidiaries after Brexit, the BBC reported, the opening gambit in a tussle with the EU over London’s position as a top global financial h…
