British Prime Minister Theresa May is expected to make a final attempt at persuading lawmakers to back her "new" Brexit deal on Wednesday but the agreement — and May's...Europe Politicsread more
Consumers in China are taking to social media to express their support for Huawei as the U.S. government looks to ramp up pressure on the Chinese smartphone maker.Technologyread more
Tensions between the two parties have heightened in recent months as the campaign for seats in the Brussels and Strasbourg-based parliament has crescendoed.Europe Politicsread more
Shares of Saudi shopping mall operator Arabian Centres were trading at 24.34 riyals ($6.49) in early deals in Riyadh.IPOsread more
There is at least one thing in common between the U.S. and Russia – their willingness to weaken the European Union, a top EU official said.Politicsread more
U.S. President Donald Trump's latest tariff increase — and Beijing's plans to counter them — are hitting U.S. companies in China, according to a joint survey this month by...China Economyread more
"We are also constantly watching whether the trade war will turn into a tech war," Ma said Tuesday, according to a CNBC translation of his Chinese remarks published by a locak...China Economyread more
TransferWise, the money transfer start-up, was valued at $3.5 billion after investors bought $292 million of shares in a secondary sale.Technologyread more
Indian Prime Minister Narendra Modi's likely return to power for a second term will likely be positive for his country's growth, according to economists and investors.Asia Economyread more
Kohl's, J.C. Penney and Nordstrom release disappointing earnings news, putting a damper on their sector.Retailread more
"Pretty much the entire suite of apps that 'talk' over the internet could be vulnerable," said Tom Uren, a senior analyst at the Australian Strategic Policy Institute's...Cybersecurityread more
Shake Shack, famous for its frozen custards and hamburgers, filed for an initial public offering with Securities and Exchange Commission regulators on Monday to raise $100 million.
JP Morgan Securities and Morgan Stanley are among the lead underwriters for the proposed offering, according to a company release. Other underwriters include Barclays Capital, Goldman Sachs and Jefferies.
The fast food burger joint has applied to have its common stock listed on the New York Stock Exchange under the symbol "SHAK." The number of shares to be offered and the price range for the proposed offering are yet to be determined.
After the offering, Shake Shack will stand as a separate company from its majority owner Union Square Hospitality Group.
The chain has 63 posts within the U.S. and internationally. In the fiscal year ending Dec. 25, 2013, Shake Shack's revenue totaled $82.5 million, a $25 million revenue gain since the 2012 fiscal year, according to an SEC filing.
Restaurateur Danny Meyer first opened Shake Shack in 2001 out of a hot dog cart in a New York City park.
The final IPO amount may vary from the initial $100 million registered with the SEC. Previous reporting said the company may be aiming for a valuation as high as $1 billion.