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Starbucks' new CEO to get millions in equity awards

UPDATE 2-Starbucks' new CEO to get millions in equity awards Adds details in paragraphs 5-7 and 9 Aug 14 (Reuters) - Starbucks SBUX.O said on Wednesday incoming CEO Brian Niccol was eligible for annual equity awards worth $23 million and would receive additional stock grants of $75 million for giving up his shares in Chipotle Mexican Grill CMG.N .
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Starbucks' new CEO Niccol to get base salary of $1.6 mln

Starbucks' new CEO Niccol to get base salary of $1.6 mln Aug 14 (Reuters) - Starbucks SBUX.O said on Wednes day incoming boss Brian Niccol would get a base salary of $1.6 million after the coffee giant poached the former Chipotle Mexican Grill CMG.N head to turn around its struggling business. Reporting by Granth Vanaik in Bengaluru; Editing by Sri
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Ackman's Pershing Square takes new stakes in Nike, Brookfield

UPDATE 3-Ackman's Pershing Square takes new stakes in Nike, Brookfield Adds background on Nike in paragraph 5, updates share prices By Svea Herbst-Bayliss NEW YORK, Aug 14 (Reuters) - Billionaire investor William Ackman built new stakes in sportswear company Nike NKE.N and investment management company Brookfield BN.TO during the second quarter, according to a regulatory filing made on Wednesday.
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Column: Law firms bristle at letting outsiders lead. Will Dentons change that?

Column: Law firms bristle at letting outsiders lead. Will Dentons change that? The opinions expressed here are those of the author, a columnist for Reuters. By Jenna Greene Aug 13 (Reuters) - When former EY global vice chair Kate Barton takes over as global CEO of 6,000-lawyer Dentons this fall, she’ll join a very small club: outsiders brought in to lead large law firms.
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Veteran fast-food exec known for tackling crises head-on takes over at Starbucks

NEWSMAKER-Veteran fast-food exec known for tackling crises head-on takes over at Starbucks By Waylon Cunningham Aug 14 (Reuters) - When burrito maker Chipotle came under fire on social media for supposedly shrinking portion sizes earlier this year, CEO Brian Niccol made a striking admission: the company's critics had a point. He told investors on the brand's recent earnings call that Chipotle had identified "outlier" stores skimping on portion sizes, and would retrain them.
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Street View: Starbucks' new CEO pick kindles growth prospects

BUZZ-Street View: Starbucks' new CEO pick kindles growth prospects ** Starbucks SBUX.O on Tuesday named Chipotle Mexican Grill CMG.N head Brian Niccol as its new CEO, poaching a successful fast-food executive known for reviving the burrito chain to lead a turnaround ** At least three brokerages have raised their recommendation to "buy" or equivalent since the announcement - LSEG data IMPROVEMENTS IN CUSTOMER EXPERIENCE AND BRANDING IN FOCUS ** Stifel ("buy," PT: $110) says based on Niccol's cons
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U.S. Agenus, Guardant Health, Zoetis

U.S. RESEARCH ROUNDUP-Agenus, Guardant Health, Zoetis Aug 14 (Reuters) - Wall Street securities analysts revised their ratings and price targets on several U.S.-listed companies, including Agenus, Guardant Health and Zoetis, on Wednesday. HIGHLIGHTS * Agenus Inc AGEN.O : B. Riley cuts target price to $18 from $42 * Clorox CLX.N : Jefferies raises target price to $151 from $148 * Guardant Health Inc GH.O : Raymond James raises target price to $36 from $28 * Starbucks SBUX.O : Stifel raises to buy
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New York Times business news - Aug 14

PRESS DIGEST- New York Times business news - Aug 14 Aug 14 (Reuters) - The following are the top stories on the New York Times business pages. Reuters has not verified these stories and does not vouch for their accuracy. - Starbucks SBUX.O , facing slowing sales for its lattes and frappuccinos, a slumping stock, and agitation from activist investors, abruptly ousted its chief executive Laxman Narasimhan on Tuesday, replacing him with Brian Niccol the chief executive of Chipotle Mexican Grill CMG
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Wall Street Journal - Aug. 14

PRESS DIGEST - Wall Street Journal - Aug. 14 Aug 14 (Reuters) - The following are the top stories in the Wall Street Journal. Reuters has not verified these stories and does not vouch for their accuracy. - Elliott Investment Management said it plans to launch a proxy fight at Southwest Airlines LUV.N and plans to nominate 10 director candidates to Southwest's 15-person board, including David Cush, the former CEO of Virgin America and Robert Milton, the former CEO of Air Canada.
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British Business - Aug 14

PRESS DIGEST-British Business - Aug 14 Aug 14 (Reuters) - The following are the top stories on the business pages of British newspapers. Reuters has not verified these stories and does not vouch for their accuracy. The Times - Flutter Entertainment FLTRF.L is set to buy Betnacional, Brazil's biggest gaming operator for about 1 billion pounds ($1.29 billion).
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Elliott targets Southwest Airlines board in bid to shake up leadership

UPDATE 5-Elliott targets Southwest Airlines board in bid to shake up leadership Updates Aug 13 story to add Southwest's response in paragraph 4, share movement in paragraph 5 By Svea Herbst-Bayliss NEW YORK, Aug 14 (Reuters) - Elliott Investment Management has launched a boardroom battle at Southwest Airlines LUV.N seeking to replace 10 of 15 directors, as the hedge fund pushes to oust the airline's chief executive and improve performance, it said on Tuesday.
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Elliott targets Southwest Airlines board in bid to shake up leadership

UPDATE 5-Elliott targets Southwest Airlines board in bid to shake up leadership Updates Aug 13 story to add Southwest's response in paragraph 4, share movement in paragraph 5 By Svea Herbst-Bayliss NEW YORK, Aug 14 (Reuters) - Elliott Investment Management has launched a boardroom battle at Southwest Airlines LUV.N seeking to replace 10 of 15 directors, as the hedge fund pushes to oust the airline's chief executive and improve performance, it said on Tuesday.
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Wall Street ends higher as softer producer prices data boosts rate-cut bets

US STOCKS-Wall Street ends higher as softer producer prices data boosts rate-cut bets US producer prices rise less than expected in July Starbucks posts biggest one-day percentage gain after naming new CEO BuzzFeed jumps on smaller second-quarter loss Indexes up: S&P 1.68%, Nasdaq 2.43%, Dow 1.04% Updated after 4 p.m. ET By Abigail Summerville Aug 13 (Reuters) - U.S.
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Big Tech rallies as investors bet on rate cuts

LIVE MARKETS-Big Tech rallies as investors bet on rate cuts Main U.S. indexes surge; Nasdaq ends up ~2.4% Tech leads S&P 500 sector gainers, up 3%; Energy sole loser Dollar down;, gold slips; crude off ~2%; bitcoin up >3% U.S. 10-Year Treasury yield falls to ~3.85% Welcome to the home for real-time coverage of markets brought to you by Reuters reporters.
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Wall Street ends higher as softer producer prices data boosts rate-cut bets

US STOCKS-Wall Street ends higher as softer producer prices data boosts rate-cut bets US producer prices rise less than expected in July Starbucks up after naming Chipotle boss Brian Niccol as CEO BuzzFeed jumps on smaller second-quarter loss Updated as of 4 p.m. ET By Abigail Summerville Aug 13 (Reuters) - U.S. indexes closed higher on Tuesday and hit a near two-week high after softer producer prices data reinforced bets of an interest-rate cut by the Federal Reserve in September.
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Indexes rise as softer producer prices data boosts rate-cut bets

US STOCKS-Indexes rise as softer producer prices data boosts rate-cut bets US producer prices rise less than expected in July Starbucks up after naming Chipotle boss Brian Niccol as CEO BuzzFeed jumps on smaller second-quarter loss Indexes up: Dow 0.87%, S&P 500 1.46%, Nasdaq 2.21% Updated as of 2:30 p.m. ET By Abigail Summerville Aug 13 (Reuters) - U.S.
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Starbucks CEO starts with venti expectations

BREAKINGVIEWS-Starbucks CEO starts with venti expectations The author is a Reuters Breakingviews columnist. The opinions expressed are her own. By Jennifer Saba NEW YORK, Aug 13 (Reuters Breakingviews) - What’s a good chief executive worth? Starbucks SBUX.O investors think the answer is $20 billion. That’s how much they added to the U.S. coffee chain’s market value on Tuesday after it named former Chipotle Mexican Grill CMG.N boss Brian Niccol as its new chief executive.
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Starbucks catches Niccol fever

LIVE MARKETS-Starbucks catches Niccol fever Main U.S. indexes gain; Nasdaq out front, up ~2% Tech leads S&P 500 sector gainers; Energy sole loser Euro STOXX 600 index up ~0.5% Dollar, gold slip; crude off ~2%; bitcoin up ~2% U.S. 10-Year Treasury yield falls to ~3.86% Welcome to the home for real-time coverage of markets brought to you by Reuters reporters.
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Wall St jumps as softer producer prices data boosts rate optimism

US STOCKS-Wall St jumps as softer producer prices data boosts rate optimism For a Reuters live blog on U.S., UK and European stock markets, click LIVE/ or type LIVE/ in a news window US producer prices rise less than expected in July Starbucks up after naming Chipotle boss Brian Niccol as CEO BuzzFeed jumps on smaller Q2 loss Indexes up: Dow 0.54%, S&P 500 1.08%, Nasdaq 1.76% Updated at 11:44 a.m.
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Starbucks hires Chipotle's Niccol as its sixth CEO

TIMELINE-Starbucks hires Chipotle's Niccol as its sixth CEO Aug 13 (Reuters) - Starbucks SBUX.O on Tuesday named Chipotle Mexican Grill's CMG.N Brian Niccol as its new CEO, replacing Laxman Narasimhan, who was at the helm for close to a year and a half, the shortest span for a top boss at the global coffee chain. Niccol will become only the sixth CEO at the company over its 50-plus-year history, with founder Howard Schultz leading the company for 23 years in three separate stints and helping to
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