Category Archives: Stock Market News

Wall Street lukewarm on Chipotle’s new ‘queso’ amid customer scorn By Reuters

© Reuters. Chipotle Mexican Grill’s new “queso” cheese topping pictured in San Francisco By Lisa Baertlein LOS ANGELES (Reuters) – Chipotle Mexican Grill Inc’s (N:) new “queso” cheese sauce is going over better on Wall Street than on Twitter, where one person called it a “crime against cheese.” Chipotle has been fighting to return to its former industry-leading sales growth since a series of 2015 food-safety lapses that also hammered its share price, which remains down more than 55 percent. Seeking to address the “boredom” cited by […]

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Nigeria stocks higher at close of trade; NSE 30 up 0.74% By Investing.com

© Reuters. Nigeria stocks higher at close of trade; NSE 30 up 0.74% Investing.com – Nigeria stocks were higher after the close on Friday, as gains in the , and sectors led shares higher. At the close in Lagos, the rose 0.74%. The best performers of the session on the were Unilever Nig (LAGOS:), which rose 5.00% or 2.10 points to trade at 44.10 at the close. Meanwhile, Pz Cussons LG (LAGOS:) added 5.00% or 1.20 points to end at 25.22 and Fbn Holdings (LAGOS:) was up […]

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Portugal stocks higher at close of trade; PSI 20 up 0.08% By Investing.com

© Reuters. Portugal stocks higher at close of trade; PSI 20 up 0.08% Investing.com – Portugal stocks were higher after the close on Friday, as gains in the , and sectors led shares higher. At the close in Lisbon, the gained 0.08% to hit a new 1-month high. The best performers of the session on the were Galp Energia Nom (LS:), which rose 2.51% or 0.3650 points to trade at 14.9000 at the close. Meanwhile, Mota Engil (LS:) added 1.61% or 0.0470 points to end at 2.9730 […]

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Finland stocks lower at close of trade; OMX Helsinki 25 down 0.25% By Investing.com

© Reuters. Finland stocks lower at close of trade; OMX Helsinki 25 down 0.25% Investing.com – Finland stocks were lower after the close on Friday, as losses in the , and sectors led shares lower. At the close in Helsinki, the lost 0.25%. The best performers of the session on the were Outokumpu Oyj (HE:), which rose 1.71% or 0.1450 points to trade at 8.6350 at the close. Meanwhile, Nordea Bank AB FDR (HE:) added 0.81% or 0.090 points to end at 11.180 and Tieto Oyj (HE:) […]

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Diesel’s disgrace brings hybrids-for-all in race to electrify By Reuters

© Reuters. FILE PHOTO: Zetsche, CEO of Mercedes car maker Daimler AG presents the new Mercedes S-class models during the Frankfurt Motor Show (IAA) in Frankfurt By Laurence Frost FRANKFURT (Reuters) – Carmakers squeezed between carbon emissions cuts and falling sales of fuel-efficient diesels have used the Frankfurt auto show to spotlight a future generation of electric cars that will largely come too late to help them out of their bind. But elsewhere at the show, suppliers like Valeo (PA:) and Delphi are lifting the lid on […]

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Greece stocks higher at close of trade; Athens General Composite up 1.24% By Investing.com

© Reuters. Greece stocks higher at close of trade; Athens General Composite up 1.24% Investing.com – Greece stocks were higher after the close on Friday, as gains in the , and sectors led shares higher. At the close in Athens, the added 1.24%. The best performers of the session on the were ThesKi Port (AT:), which rose 6.38% or 1.40 points to trade at 23.34 at the close. Meanwhile, Euro Reliance (AT:) added 6.27% or 0.210 points to end at 3.560 and Hygeia (AT:) was up 4.87% […]

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South Africa seeks $7.6 billion from PIC to fund struggling state firms: Bloomberg By Reuters

© Reuters. Seasonal fog enshrouds buildings in the city centre of Cape Town (Reuters) – South Africa’s Treasury is pressuring government pension fund Public Investment Corp (PIC) to provide as much as 100 billion rand ($7.6 billion) to fund struggling state companies, Bloomberg News reported on Friday. The Treasury has asked the PIC, Africa’s biggest pension fund, to buy its stake worth 12 billion rand in landline provider Telkom (J:) to fund a bailout of state airline South African Airways, Bloomberg reported, citing people familiar with the […]

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Turkey’s Pladis looks at Nestle’s U.S. candy as part of expansion By Reuters

© Reuters. Packaged biscuits move along the production line of Pladis’ McVities factory in London By Martinne Geller LONDON (Reuters) – Pladis, the Turkish company that owns Godiva chocolate and McVitie’s biscuits, is considering making an offer for Nestle’s (S:) U.S. confectionery assets, which could be valued at around $2 billion, as part of its international expansion plans. A bid for Nestle’s U.S. portfolio — which includes regional mass-market brands such as Butterfinger, Crunch and 100 Grand — would appear to mark a shift from Pladis’s stated […]

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Wall St. opens lower as North Korea tensions rise By Reuters

© Reuters. Traders work on the floor of the NYSE in New York (Reuters) – U.S. stocks opened lower on Friday as investors turned risk averse after North Korea and the United States entered into a fresh war of words. The Dow Jones Industrial Average () fell 14.94 points, or 0.07 percent, to 22,344.29. The S&P 500 () lost 3.31 points, or 0.13 percent, to 2,497.29. The Nasdaq Composite () dropped 20.02 points, or 0.31 percent, to 6,402.67. Disclaimer: Fusion Media would like to remind you that […]

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Volkswagen chairman doesn’t rule out outsider as next CEO By Reuters

© Reuters. Poetsch, chairman of the Volkswagen AG supervisory board, addresses a news conference at the headquarters in Wolfsburg HAMBURG (Reuters) – Volkswagen’s (DE:) supervisory board does not rule out doing away with a custom under which the carmaker’s top executive must be a company veteran, Chairman Hans Dieter Poetsch said. Current Chief Executive Matthias Mueller, whose contract runs through 2020, has been with the Volkswagen (VW) group for nearly 40 years, including in senior roles at premium divisions Audi (DE:) and Porsche. Poetsch said in comments […]

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