Exclusive: Shake Shack picks JPMorgan, Morgan Stanley to lead IPO – sources
NEW YORK (Reuters) – Shake Shack, the fast-food restaurant chain that has developed a cult following for its ‘Shackburgers’, ‘flat-top’ hot dogs and eponymous shakes, has selected JPMorgan Chase & Co and Morgan Stanley to lead a proposed initial public offering, according to people familiar with the matter.
Dollar tree profit falls 2.6 percent
(Reuters) – Dollar Tree Inc reported a 2.6 percent fall in quarterly profit as costs increased.
Sears posts loss for 9th straight qtr as sales fall again
(Reuters) – Sears Holdings Corp , owner of Sears department stores and the Kmart discount chain, reported its ninth straight quarterly loss as sales continued to shrink, sending its shares down 5 percent in light premarket trading.
Euro steadies at 11-month low as dollar reigns
LONDON (Reuters) – Some reassuring data from Germany eased pressure on the euro on Thursday after speculation of an earlier rate rise from the Federal Reserve had pushed the dollar to an 11-month high.
Dollar General questions motives of Family Dollar CEO
(Reuters) – Dollar General Corp questioned whether Family Dollar Stores Inc Chief Executive Howard Levine was being driven by self-interest in his support of a proposed takeover of his company by Dollar Tree Inc .
China taps South Korea for ideas in Qualcomm antitrust case
BEIJING/SEOUL (Reuters) – Chinese antitrust officials have met with their South Korean counterparts to discuss violations by U.S. chipmaker Qualcomm Inc , sources said, as Beijing reaches out to regulators overseas to complete a case that could result …
G20 edging towards deal on ‘bail-in’ bond cushion for banks
LONDON (Reuters) – Government leaders are expected to agree in November that the world’s top banks must issue special bonds to increase the amount of capital which can be tapped in a crisis instead of calling on taxpayers to come to the rescue, industr…
Euro zone business growth slows in August, prices fall: PMI
LONDON, Aug 21 (Reuters) – Euro zone private business growth slowed more than expected this month, despite widespread price cutting, as manufacturing and service industry activity both dwindled, a survey showed on Thursday.
Euro zone business growth slows in July, prices fall: PMI
LONDON, (Reuters) – Euro zone private business growth slowed more than expected this month, despite widespread price cutting, as manufacturing and service industry activity both
Toyota to cut prices of Lexus auto parts in China amid anti-trust concerns
SHANGHAI (Reuters) – Toyota Motor Corp said on Thursday that it would cut prices of auto parts for its luxury Lexus models in China, following similar moves by its German rivals, in response to heightened regulatory scrutiny over anti-trust issues.
