Category: Stock Market

Chipotle adds new menu item nationwide, first time in three years By Reuters

Reuters

(Reuters) – Chipotle Mexican Grill Inc (N:) said on Tuesday it would add a new item to its menu nationwide for the first time in three years, as the Mexican food chain looks to drive sales in a crowded U.S restaurant market. The company’s menu will offer carne asada, a dish of thin steak slices seasoned with signature spices, for a limited period of time. The dish was piloted in Cincinnati, Ohio, and Fresno, California, Chipotle said. “It performed incredibly well in the test markets,” said Chris Brandt, chief marketing officer of…

WeWork parent considers delaying IPO following pushback: sources By Reuters

Reuters

© Reuters. FILE PHOTO: The WeWork logo is displayed on the entrance of a co-working space in New York By Joshua Franklin (Reuters) – WeWork owner The We Company is considering delaying its initial public offering until October at the earliest, concerned that its stock market debut would be snubbed by many investors, people familiar with the matter said on Monday. The U.S. office-sharing startup was making preparations to launch an investor road show for its IPO as early as this week. It is under pressure to proceed with the…

AB InBev Among 39 Firms Targeted by New EU Probe on Belgian Tax By Bloomberg

Bloomberg

© Reuters. AB InBev Among 39 Firms Targeted by New EU Probe on Belgian Tax (Bloomberg) — Anheuser Busch Inbev (NYSE:) is among 39 firms targeted by fresh European Union investigations into Belgian tax deals after an earlier order to recoup about 800 million euros ($885 million) was criticized by an EU court. The European Commission opened separate probes into so-called tax rulings that Belgian doled out to multinational companies from 2005 to 2014, it said in an emailed statement on Monday. The rulings “may have given a selective advantage”…

After LSE’s sharp rebuff, HKEX begins investor charm offensive By Reuters

Reuters

© Reuters. FILE PHOTO: The name of Hong Kong Exchanges and Clearing Limited is displayed at the entrance in Hong Kong By Clara Denina LONDON (Reuters) – Hong Kong Exchanges and Clearing (HK:) is embarking on a three-week charm offensive with London Stock Exchange (L:) investors as the Asian trading house tries to salvage its proposed $39 billion takeover offer. LSE’s board is refusing to engage with HKEX after emphatically rejecting its approach on Friday. The LSE described HKEX’s offer as fundamentally flawed, saying it would not meet its strategic…

Saudi, Gulf stocks fall after attacks on Aramco oil plants By Reuters

Reuters

© Reuters. Smoke is seen following a fire at Aramco facility in the eastern city of Abqaiq By Saeed Azhar and Marwa Rashad DUBAI/RIYADH (Reuters) – Saudi stocks fell sharply on Sunday, after attacks on two plants at the heart of the kingdom’s oil industry a day earlier knocked out more than half of Saudi crude output. Sunday’s decline extended a losing spree for Saudi stocks, which in recent weeks have been hit by expensive valuations, weak oil prices and concerns about the economic outlook. The drone attacks were carried…