Just because Shake Shack had a "fabulous" performance, investors should not short the stock because "people love their burgers," Jim Cramer says.» Read More
Starwood's CEO sat down with CNBC to discuss their loyalty program, as the industry makes changes.
While the broad market inches higher this week, a handful of names are strapping on cement shoes and investors should pay attention to these underperformers. TheStreet.com reports on toxic stocks.
With the recent surge in major mergers and acquisitions, CNBC's Jim Cramer said Thursday that "this is the year of the deal."
U.S. stock index futures held their gains Wednesday following a pair of economic reports, a day after the Dow and S&P 500 closed at multi-year highs.
Penny Pritzker, a possible nominee for commerce secretary, has never been comfortable with the title "billionaire." Her wealth could also be an odd fit in the Obama White House.
Yahoo's Marissa Mayer needs to figure out how to "invigorate user engagement" and capitalize on mobile, Barclays analyst Anthony DiClemente told CNBC.
More hotels are offering Apple iPads to enhance guests' stay.
Markets seem to be stuck in a range, but here are three stocks that saw unusual moves Thursday.
A small, simple device can unlock hotel doors at some of the most popular chains.
ZURICH, Oct 29- Shares of Swiss bank UBS were set to rise on Monday after media reported the bank was to cut up to 10,000 jobs as it contends with shrinking revenue and rising capital requirements.
*Workday shares reach session high $51.32. Oct 12- Shares of Workday Inc. The cloud computing company whose services compete with rivals such as Oracle Corp.
stock listing back in May, the Pleasanton, California- based company opened New York Stock Exchange trading at $48.05. Earlier in the week, Workday raised its price range to $24 to $26 per share from $21 to $24 per share. The IPO values the company, founded by ex-PeopleSoft executives David Duffield and Aneel Bhusri, at almost $4.5 billion.
PARIS, Oct 12- STMicroelectronics said it was not planning to split itself up contrary to a report that Europe's top semiconductor maker was considering a breakup, which sent its shares up by nearly a fifth.
The FTSE Small Caps index closes 0.3 percent higher, outperforming falls of 0.6 percent on the FTSE 100 and 0.5 percent on the FTSE 250. Morgan Sindall gains 1.3 percent as the UK construction and regeneration group says it has been appointed preferred delivery partner for a 1.1 billion pounds contract at the Sellafield nuclear reprocessing plant.
Oct 12- Lexicon Pharmaceuticals Inc said its experimental bowel disorder drug met the main goal of reducing bowel movements in patients with gastrointestinal cancer in a mid-stage study, sending its shares up as much as 13 percent on Friday. However, Morningstar analyst Karen Andersen said the drug could now be potentially used as a first-line therapy.
COMPANIES Q3 2012 Citigroup Q3 2012 Gannett Co MACROECONOMIC DATA 1230 US Retail Sales 1400 US Business Inventory Reuters messaging rm:// firstname.lastname@example.org.
STOCKS NEWS Reuters Results diary Stocks on the move Real-time Equity News 1600 GMT 12 Oct12- West Africa bourse drops on Saph, Palmci--------------------------------------------------------------------. Shares in Imperial Holdings rise more than 2 percent as truck drivers signed a new three-year wage increase deal, ending a three-week strike that has hit fuel deliveries, cash and consumer goods.
*FDA staff found 3 concerns, but safety restrictions not needed. "There was, on a consensus basis, a little apprehension about what the safety questions would be and these documents make it pretty clear that the FDA is not overly concerned or views these risks as significant," McNicoll, Lewis& Vlak analyst Ed Arce said.
The Pleasanton, California- based company, considered a leader in the cloud computing sector, opened New York Stock Exchange trading at $48.05 after pricing shares above the expected range at $28.00. Earlier in the week, Workday raised its price range to $24 to $26 per share from $21 to $24 per share.
PARIS/ MILAN, Oct 12- Europe's top semiconductor maker STMicroelectronics denied planning a demerger, saying it had no plans to undo the group's "unity" in response to a report that it planned a breakup which had sent its shares up by nearly a fifth.