Shake Shack options set for market debut on Friday
NEW YORK (Reuters) – Options contracts on shares of U.S. burger chain Shake Shack Inc will begin trading on Friday for the first time since the company’s initial public offering early this year.
FTC offers first-ever guidance on ‘unfair competition’
NEW YORK (Reuters) – The U.S. Federal Trade Commission on Thursday released unprecedented guidance on a section of business antitrust law that bars “unfair competition,” but stopped well short of offering the level of detail long sought by businesses.
Solid U.S. retail sales bolster Fed rate hike expectations
WASHINGTON (Reuters) – U.S. retail sales rebounded in July as households boosted purchases of automobiles and a range of other goods, suggesting the economy was growing solidly early in the third quarter and bolstering the case for a Federal Reserve in…
Musk to invest $20 million in Tesla’s $500 million share sale
(Reuters) – Tesla Motors Inc CEO Elon Musk will invest $20 million as part of the company’s $500 million stock offering in a show of confidence at a time when the electric car maker is burning through cash.
Google has until August 31 to reply to EU antitrust charges
BRUSSELS (Reuters) – Google Inc , the world’s most popular Internet search engine, has been given an extra two weeks to counter European Union charges of abusing its market power in a dozen EU countries and stave off a possible billion-euro fine.
Germans borrow more as Merkel urges Europe to spend carefully
BERLIN (Reuters) – While Chancellor Angela Merkel’s focus on careful spending as a cure for the euro zone’s debt problems has made her popular at home, German consumers are borrowing more to finance everything from furniture to cars.
Shire seen having wiggle room on price in $30 billion Baxalta battle
LONDON (Reuters) – Baxalta wants Shire to improve on its $30 billion bid significantly before it will engage in talks, while its Dublin-based rival could sweeten its offer if it gets to see the U.S. biotech company’s books, according to sources on both…
U.S. Fed likely to raise interest rates twice this year: Reuters poll
WASHINGTON (Reuters) – The U.S. Federal Reserve will probably raise interest rates twice this year, with the first increase in almost a decade coming as early as next month, according to a Reuters poll of economists published on Thursday.
China central bank tries to soothe markets, says no reason for yuan to fall further
BEIJING/SHANGHAI (Reuters) – China’s central bank said on Thursday there was no reason for the yuan to fall further given the country’s strong economic fundamentals, helping to restore calm to jittery global markets after it devalued the currency earli…
U.S. jobless claims up, four-week average lowest since 2000
WASHINGTON, (Reuters) – The number of Americans filing new applications for unemployment benefits unexpectedly rose last week, but the trend continued to point to a strengthening labor market.
