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Brent crude oil jumped the most in history in the previous session after attacks on Saudi's oil industry disrupted the kingdom's production.Marketsread more
Damage to the top OPEC producer's oil facilities ignited fears of supply disruption around the world and has sent crude prices soaring.Energyread more
The second-largest investor in Kraft Heinz Company discloses that it has again trimmed its stake in the food company.Marketsread more
"That leads the developed world to say to China: 'We've got to rebalance this. It's working for you. It's not working for us,'" says the billionaire Blackstone co-founder.Economyread more
Viacom chief executive officer Bob Bakish is not worried about competition in the streaming space, on the heels of its merger with CBS.The Faber Reportread more
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Bob Bakish, the head of a newly combined CBS and Viacom, said he was "disappointed" by both stocks' reaction to the recent deal.The Faber Reportread more
Elliott Management may not see John Stankey as a future leader at AT&T, but bailing on him before he executes his integration plan has the potential for disaster.Technologyread more
The White House directed Lewandowski not to discuss any of his post-election interactions with Trump beyond those already detailed in former special counsel Robert Mueller's...Politicsread more
Tension between the real estate start-up WeWork and SoftBank was not a central issue in the decision to delay an initial public offering, sources tell CNBC's David FaberThe Faber Reportread more
Buffalo Wild Wings' stock spiked 10 percent Wednesday as investors bet a new shareholder could shake things up at the restaurant chain.
Earlier in the week, activist investor Marcato Capital Management acquired a 5.1 percent stake in the company.
"We like to have open conversations with all of our shareholders, and it's something that we do continually," Buffalo Wild Wings CEO Sally Smith told CNBC Wednesday on "Squawk Box." "I think Marcato Capital is another shareholder that we want to listen to as we do with all of our large shareholders."
On Tuesday, B-Dubs posted second-quarter earnings that outpaced Wall Street forecasts. Revenue rose 15 percent to $490 million.
Same-store sales in the latest period came up short, falling 2.1 percent at company-owned restaurants and slipping 2.6 percent at franchised restaurants.
"We controlled costs and expenses well in a challenging sales environment, and this discipline, along with our revenue growth, helped us to achieve earnings per diluted share of $1.27, a 13.1 percent increase compared to the prior year," CEO Sally Smith said in Tuesday's press release. "In the second quarter, we opportunistically repurchased $75 million of our common stock, delivering value to our shareholders."
Buffalo Wild Wings' shares have dropped about 4 percent in the past year.
Buffalo Wild Wings' 12-month performance: