Shake Shack now expects IPO to be priced higher at $17-$19 a share

Burger chain Shake Shack Inc (SHAK.N) now expects its initial public offering to be priced at $17-$19 per share, up from $14-$16 expected earlier, valuing the company at up to $674.5 million.

Shake Shack

Shares in Apple suppliers leap on record results

Shares in European companies that supply parts toApple Inc (AAPL.O) leapt on Wednesday after the tech giant reported the largest profit in corporate history, driven by record sales of iPhones and strong demand in China.


Shell signs $11 billion deal to build petrochemicals plant in Iraq

Royal Dutch Shell (RDSa.L) has signed a deal withIraq worth $11 billion (7 billion pounds) to build a petrochemicals plant in the southern oil hub of Basra, Industry Minister Nasser al-Esawi said on Wednesday.




Jobs & Career News

Lenovo's Motorola looks to take market share from China rivals


Motorola, the mobile handset maker bought by China's Lenovo Group Ltd (0992.HK) from Google Inc (GOOGL.O) for $2.9 billion, is optimistic about its prospects in the Chinese market, its president told Reuters.

Samsung Electronics to be main chip supplier for next iPhone: South Korea paper

Samsung Electronics

South Korea's Samsung Electronics Co Ltd (005930.KS) will be the main supplier of processors powering Apple Inc's (AAPL.O) next iPhone, Maeil Business Newspaper reported on Monday, citing unidentified sources in the semiconductor industry.

Evaporating inflation and growth put pressure on central banks

Assembly Line

Businesses across Asia and Europe have slashed prices at the start of the year to drum up trade, surveys showed on Friday, a day after the European Central Bank voted to print money in a bid to revive inflation.

Shares, bonds lifted by QE; oil up after Saudi king dies

Stock Market

Stocks and bonds surged worldwide and the euro sank to an 11- year-low on Friday, the day after the European Central Bank announced a quantitative easing plan. Oil rose following the death of the king of Saudi Arabia.

Oil jumps as Saudi king's death feeds market uncertainty


Oil prices rose on Friday after the death of Saudi Arabia's king added more uncertainty to an oil market that has more than halved over the last six months.


Alibaba finance arm sets up China consumer credit-scoring system

The financial services affiliate of Alibaba (BABA.N) launched on Wednesday a system that will use the e-commerce giant's data trove to assess the creditworthiness of Chinese consumers and businesses with little or no history at traditional lenders.


Citibank reaches pact with NY AG on ChexSystems data: WSJ

Citibank, a unit of Citigroup Inc, has reached an agreement with New York Attorney General Eric Schneiderman to change its screening processes for checking and savings accounts to be more forgiving of customers' histories.


Apple supplier Foxconn to shrink workforce as sales growth stalls

Taiwan's Foxconn Technology Group, the world's largest contract electronics manufacturer, will cut its massive workforce, the company told Reuters, as the Apple Inc (AAPL.O) supplier faces declining revenue growth and rising wages in China.

Gas Nozzle

Oil price recovers as dollar weakens against euro

Oil prices steadied above $48 a barrel on Tuesday, recovering from earlier losses as the dollar weakened against the euro.


British growth slows, but 2014 still fastest in seven years

Britain's economic growth slowed more than expected in the final three months of last year, but with annual growth still at its fastest since 2007 the data gave ammunition to both sides of the political divide heading into May's election.

European Union

EU aims to complete capital markets union by 2019 - document

The European Union will put in place its "capital markets union" by 2019, starting with quick wins like encouraging direct investment in businesses, an EU document seen by Reuters showed.

Stock Ticker

Mixed earnings, Greek jitters fuel market caution

The euro rose and shares slipped in Europe on Tuesday as mixed corporate earnings and concerns over Greece kept investors cautious ahead of a busy week which will include the first policy meeting of the U.S. Federal Reserve this year.

Stock Exchange

Stock futures edge lower after Greek elections

U.S. stock index futures dipped on Monday after a victory by the leftist Syriza party in Greece raised concerns about new instability in the euro zone.

Wall Street

NY insider trading ruling tests prosecutors beyond Wall Street

A court ruling that sharply curtailed the ability of prosecutors including Manhattan U.S. Attorney Preet Bharara to pursue insider trading cases is increasingly testing regulators' abilities across the country.

Christine Lagarde

IMF's Lagarde rules out special treatment for Greece

Greece must respect the euro zone's rules and cannot demand special treatment for its debt in the wake of the victory of anti-austerity party Syriza, International Monetary Fund chief Christine Lagarde said in a newspaper interview on Monday.

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