Markets
Panera Reunites with Au Bon Pain
Panera Bread said founder Ron Shaich is stepping down as CEO and the company will buy Au Bon Pain - bringing together two chains Shaich helped build. In related news, Ron Shaich, Panera's chairman and CEO, announced he will step down step down as CEO effective January 1, but will remain chairman. [Full Article...]
NZ Dollar Gains as RBNZ Sees Raising Rates Sooner Than Before
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The currency's retreat prompted the RBNZ to move forward its timetable for interest-rate increases slightly, but it hinted more aggressive action is likely if the currency remains weak. "The exchange rate has eased since the August Statement and, if sustained, will increase tradables inflation and promote more balanced growth", he added. [Full Article...]
Snap's stock bounces sharply off lows after disclosing Tencent took large stake
Pivotal Research reiterated a "sell" rating and set a $8.00 price target (down from $9.00) on shares of Snap in a research report on Wednesday. Snap's announcement of the investment came on the heels of its report of disappointing financial results for the third straight quarter, sending its shares plunging. [Full Article...]
Oil markets stumble on a surprise U.S. crude inventory build-up
Dec. WTI oil was down 39 cents, or 0.7%, to settle at USD56.81/oz on Nymex, trimming strong recent gains. U.S East Coast gasoline inventories fell to 52.4 million barrels in the week to November 3, the lowest weekly figure since December 2014, EIA data showed. [Full Article...]
Hawaiian plane's engine bursts into flames on United States runway
The aircraft was ferrying in from Paine Field Airport, which is a small global airport serving part of Seattle . A left engine fire reported upon landing was extinguished. No one was injured in the incident and the FAA is still investigating. Officials said the plane was carrying passengers for a ferry flight, meaning only a flight crew was on board. [Full Article...]
Marissa Mayer grilled by Congress over massive Yahoo security breach
In an opening statement to the Senate Commerce Committee, Mayer apologized to Yahoo's users, blamed "Russian agents" for the breach and said that Yahoo quickly worked to protect user accounts and contact law enforcement. Yahoo said it's doubled its security team, while Equifax said its budget for security increased four-folds since the breach. Its chief security officer now reports directly to t... [Full Article...]
The Target Black Friday ad for 2017 is here!
Black Friday is still two weeks away, but some stores are already releasing details about the big deals they'll be offering. This year, a number of other retailers, including Target , Macy's , and Sears , will also close stores overnight instead of staying open all night as they have done in previous years. [Full Article...]
Which Option is Best? - Buy or Sell - Sears Holdings Corporation (NASDAQ: SHLD)
The SI to Xenetic Biosciences Incorporated's float is 0.26%. Trevena, Inc. (NASDAQ:TRVN) closed up +0.02 points or 1.35% at $1.5 with 0.88 mln shares exchanging hands. Sears Holdings Corp. The stock's market cap is $1.38 billion. Paloma Partners Management Co bought a new stake in shares of Sears Holdings Corp. during the second quarter valued at approximately $145,000. [Full Article...]