Reuters - Daily Investor Update

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Wednesday, October 25, 2017

Chipotle recovery seen dragging on, shares plunge

(Reuters) - Chipotle Mexican Grill Inc's shares slumped to their lowest in nearly five years after disappointing results on Tuesday suggested that the burrito chain's recovery from a food-safety scandal would take much longer than expected.

Short-sellers taste profits as Chipotle shares plunge

NEW YORK (Reuters) - Short-sellers who had targeted Chipotle Mexican Grill Inc logged a nearly quarter billion dollar paper profit on Wednesday, a day after the burrito chain reported weaker-than-expected sales that sent its shares into a swoon.

Three women sue Uber in San Francisco claiming unequal pay, benefits

SAN FRANCISCO (Reuters) - Three women engineers have sued Uber Technologies Inc [UBER.UL] for discrimination based of their gender and race, the latest blow to the ride-services company that is straining to overcome a year of controversies over its workplace culture.

Amgen quarterly profit tops expectations despite sales decline

(Reuters) - Amgen Inc reported higher-than-expected third quarter profit on Wednesday as lower research and other costs and higher operating margins helped offset sales declines in some of its biggest established products.

Dow, S&P 500 register worst day in seven weeks

NEW YORK (Reuters) - U.S. stocks ended lower on Wednesday, with the Dow and S&P 500 suffering their worst day in seven weeks, on a batch of disappointing quarterly earnings reports and a rise in bond yields.

Nike gives upbeat forecast at investor conference, shares rise

(Reuters) - Nike Inc said on Wednesday it expects earnings per share to grow in the mid-teens over the next five years, driven by online sales and new product categories, sending its shares up by about three percent.

Carlyle Group unveils new leadership as founders step back

(Reuters) - Carlyle Group LP said on Wednesday that Glenn Youngkin and Kewsong Lee would become its co-chief executives, in the U.S. private equity firm's biggest shakeup since it was founded by David Rubenstein, William Conway and Daniel D'Aniello 30 years ago.

Ryan says Republican tax plan must speed through choppy waters: Reuters interview

WASHINGTON (Reuters) - U.S. House of Representatives Speaker Paul Ryan said on Wednesday that a sweeping Republican tax-cut plan is entering its toughest phase yet as lobbyists swarm Congress to try to protect valuable tax breaks.

U.S., European shares drop amid worry over results, reform, ahead of ECB move

NEW YORK (Reuters) - U.S. and European stock markets fell on Wednesday amid some concerns over corporate earnings and U.S. tax reform plans, a day before the European Central Bank was set to decide its next monetary policy move.

Exclusive: Pfizer to launch consumer health sale in November - sources

LONDON (Reuters) - Pfizer plans to kick off an auction process for its consumer healthcare business in November, paving the way for a potential $15 billion-plus sale of the headache pill to lip balm business, sources close to the matter told Reuters.