Ackman: All directors, shareholders ‘disappointed’ by Chipotle slide
BOSTON (Reuters) – Activist investor William Ackman on Wednesday said he believes directors and investors in Chipotle Mexican Grill Inc are disappointed in the chain’s recent performance, on a day its shares hit their lowest since 2013.
CSX postpones investor conference amid leadership shakeup
(Reuters) – CSX Corp , the third-largest U.S. railroad operator, said on Wednesday it was postponing an Oct. 30 investor conference to a later date, and said its board approved a $1.5 billion share buyback program.
UPS announces U.S. rate hikes, new peak surcharges for 2018
DETROIT (Reuters) – United Parcel Service Inc said on Wednesday it would raise rates across many of its U.S. services by 4.9 percent later this year, with surcharge increases for next year’s peak season focused mainly on residential addresses.
Amgen quarterly profit tops expectations despite sales decline
(Reuters) – Amgen Inc reported higher-than-expected third quarter profit on Wednesday as lower costs and improved operating margins helped offset sales declines in some of its most important products.
Higher bond yields, soft earnings weigh on Wall St.
NEW YORK (Reuters) – U.S. stocks fell on Wednesday, with the Dow Industrials and S&P 500 indexes suffering their worst day in seven weeks, on a batch of soft quarterly earnings and a rise in bond yields.
Three women sue Uber in San Francisco claiming unequal pay, benefits
SAN FRANCISCO (Reuters) – Three women engineers have sued Uber Technologies Inc for discrimination based of their gender and race, the latest blow to the ride-services company that is straining to overcome a year of controversies over its workplace cul…
Nike gives upbeat forecast at investor conference, shares rise
(Reuters) – Nike Inc said on Wednesday it expects earnings per share to grow in the mid-teens over the next five years, driven by online sales and new product categories, sending its shares up by about three percent.
Ryan says Republican tax plan must speed through choppy waters: Reuters interview
WASHINGTON (Reuters) – U.S. House of Representatives Speaker Paul Ryan said on Wednesday that a sweeping Republican tax-cut plan is entering its toughest phase yet as lobbyists swarm Congress to try to protect valuable tax breaks.
Rising bond yields, soft earnings hit Wall St.
NEW YORK (Reuters) – U.S. stocks slumped on Wednesday, as a round of disappointing corporate earnings and a spike in bond yields put both the Dow Industrials and S&P 500 index on track for their worst session in seven weeks.
Exclusive: Pfizer to launch consumer health sale in November – sources
LONDON (Reuters) – Pfizer plans to kick off an auction process for its consumer healthcare business in November, paving the way for a potential $15 billion-plus sale of the headache pill to lip balm business, sources close to the matter told Reuters.
