Shake Shack Inc (SHAK.N) forecast slowing same-restaurant sales growth in 2015 and swung to a loss in the fourth quarter, helping to send the hamburger chain's shares down as much as 9 percent after its first quarterly report as a public company.
Industry
No more Blue Banana, Europe's industrial heart moves east
Once depicted as a "Blue Banana" stretching from Manchester to Milan, Europe's industrial heartland has moved eastwards just as its political center of gravity has shifted to Germany.
U.S. 2015 profits forecast to grow 1.7 percent; oil, dollar are concerns
Corporate America's profit engine may be running out of steam. Wall Street analysts, expecting two quarters of declining earnings, are banking on a second-half recovery to keep 2015 from becoming the worst year for profits since the last recession.
Cold weather chills U.S. retail sales; jobs market firming
U.S. retail sales unexpectedly fell in February as harsh weather kept consumers from auto showrooms and shopping malls, tempering the outlook for first-quarter growth and a June interest rate increase by the Federal Reserve.
Former risk chief warned Deutsche Bank on stress test, emails show
In the weeks leading up to the U.S. Federal Reserve's annual stress test of major banks, a former risk executive of Deutsche Bank AG repeatedly warned senior managers of the German bank's U.S. unit that they were painting a far too rosy picture of the bank's health.
Latest News
Chinese demand for New Zealand infant formula has fallen after a threat by suspected environmental activists to contaminate the product with an agricultural poison, the head of an exporter group said on Wednesday.
Tyson Foods Inc has removed gentamicin, a key antibiotic for human use, from company hatcheries, the company told Reuters on Tuesday.
The best performing technology fund since the peak of the dot com boom did it all without owning Apple Inc (AAPL.O), whose soaring stock price has pushed the Nasdaq near a new record high.
U.S. wholesale inventories unexpectedly rose in January as sales recorded their biggest decline since 2009, lifting the number of months it would take to clear warehouses to its highest level in more than 5-1/2 years.
The U.S. dollar climbed to multi-year peaks against the euro and yen in Asia on Tuesday amid starkly diverging outlooks for interest rates globally, while currencies from emerging markets came under mounting pressure from risk aversion.
McDonald's Corp's decision last week to phase out human antibiotics from its U.S. chicken supply will add to costs of production in a tight-margin business that are likely to be borne mostly by poultry companies.
Saudi Arabia overtook India to become the world's biggest weapons importer in 2014, a year when global defense trade rose for the sixth straight year to a record $64.4 billion, research company IHS said on Sunday.
The Australian government has sided with farmers who say official data vastly underestimates foreign ownership of the nation's farmland, as it moves to clamp down on overseas purchases of agricultural land.
The largest new field of activist investors in years is shaking up corporate America, seeking to tap into billions of dollars in available capital and inspired by the outsized returns of brand-name agitators like William Ackman and Carl Icahn.
