Snap pops 9 percent after winning second ‘buy’ recommendation
SAN FRANCISCO (Reuters) – Shares of Snap Inc jumped 9 percent on Wednesday after the owner of messaging app Snapchat received a second analyst “buy” rating following a red-hot public listing this month and with Wall Street skeptical about its lofty va…
Starbucks CEO Schultz to host last shareholder meeting
LOS ANGELES (Reuters) – Starbucks Corp co-founder Howard Schultz will host his final shareholder meeting as chief executive officer on Wednesday before Chief Operating Officer Kevin Johnson takes the helm of the global coffee chain on April 3.
Sears shares sink as investors fret over going-concern risk
(Reuters) – Sears Holdings Corp’s shares tumbled as much as 16 percent on Wednesday as bondholders and investors questioned how long the storied retailer could remain in business after it flagged doubts that it could continue as a going concern.
Mobileye deal to fuel investment in late-stage Israeli start-ups
TEL AVIV (Reuters) – Intel’s $15.3 billion acquisition of Mobileye has catapulted Israeli hi-tech into the global league, and is likely to stimulate investment in the sector’s other late-stage startups, where funds are most needed.
Laptop ban hits Gulf airlines in battle for business travelers
LONDON (Reuters) – A ban on laptops in plane cabins bound for the United States from some cities could deal a blow to the big, fast-growing Gulf airlines, which depend on business-class flyers stopping over in places like Dubai or Doha for far-flung de…
EU’s Vestager says analyzing Facebook reply to WhatsApp probe
BRUSSELS (Reuters) – EU antitrust chief Margrethe Vestager said on Wednesday she was reviewing Facebook’s response to charges the U.S. social network provided misleading information during its bid for messaging service WhatsApp which may result in a he…
Key House lawmaker: Dodd-Frank overhaul remains a 2017 priority
WASHINGTON (Reuters) – The Republican chairman of a powerful House of Representatives committee said on Wednesday that he remains confident Congress will act to overhaul financial regulations “this year.”
Tight supply, higher prices weigh on U.S. home sales
WASHINGTON (Reuters) – U.S. home resales fell more than expected in February amid a persistent shortage of houses on the market that is pushing up prices and sidelining prospective buyers.
SEC shortens settlement cycle for securities trades
WASHINGTON (Reuters) – U.S. securities regulators moved on Wednesday to modernize regulations that require stock and bond trades to settle within three business days, a step the industry has urged the government to take for years.
EU to formally veto Deutsche Boerse LSE merger shortly: sources
FRANKFURT/BRUSSELS (Reuters) – The European Commission will veto a proposed combination between Deutsche Boerse and the London Stock Exchange shortly, three sources familiar with the matter said on Wednesday, scuppering plans to create Europe’s bigge…
