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Southwest shareholders needn’t act like passengers

BREAKINGVIEWS-Southwest shareholders needn’t act like passengers The author is a Reuters Breakingviews columnist. The opinions expressed are his own. By Jeffrey Goldfarb NEW YORK, Aug 14 (Reuters Breakingviews) - Airplane passengers tolerate a lot of discomfort because of their limited choices. Shareholders often suffer similarly even though they’re not equally constrained.
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U.S. STOCKS Allstate, Progressive, Serve Robotics

BUZZ-U.S. STOCKS ON THE MOVE-Allstate, Progressive, Serve Robotics Eikon search string for individual stock moves: STXBZ The Day Ahead newsletter: https://refini.tv/3LI4BU7 The Morning News Call newsletter: https://refini.tv/3dKUyB8 Wall Street's main indexes were mixed on Wednesday, as Alphabet slid and as signs of moderating inflation kept bets alive that the U.S.
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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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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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U.S. STOCKS Paysafe, HUYA, Oklo

BUZZ-U.S. STOCKS ON THE MOVE-Paysafe, HUYA, Oklo Eikon search string for individual stock moves: STXBZ The Day Ahead newsletter: https://refini.tv/3LI4BU7 The Morning News Call newsletter: https://refini.tv/3dKUyB8 U.S. stocks hit a near two-week high on Tuesday after a softer producer prices data reinforced bets of an interest rate cut by the Federal Reserve in September.
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BofA clients keep an open line to communication services

LIVE MARKETS-BofA clients keep an open line to communication services Main U.S. indexes surge; Nasdaq up ~2.3% Tech leads S&P 500 sector gainers; Energy sole loser Dollar, gold slip; crude off ~2%; bitcoin up ~4% 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. You can share your thoughts with us at markets.research@thomsonreuters.com BOFA CLIENTS KEEP AN OPEN LINE TO COMMUNICATION SERVICES For the first time i
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Harris holds lead over Trump on PredictIt betting platform

CORRECTED-LIVE MARKETS-Harris holds lead over Trump on PredictIt betting platform Corrects to show oddschecker.com has Harris odds ahead of Trump, and not Trump ahead of Harris Main U.S. indexes surge; Nasdaq up ~2.3% Tech leads S&P 500 sector gainers; Energy sole loser Dollar, gold slip; crude off ~2%; bitcoin up ~4% 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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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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Trian Reportedly Sells Starbucks Stake And Is Satisfied With Today's Outcome- CNBC Citing Sources

BRIEF-Trian Reportedly Sells Starbucks Stake And Is Satisfied With Today's Outcome- CNBC Citing Sources Aug 13 (Reuters) - TRIAN REPORTEDLY SELLS STARBUCKS STAKE AND IS SATISFIED WITH TODAY'S OUTCOME- CNBC CITING SOURCES TRIAN HAD BUILT SUBSTANTIAL STAKE IN STARBUCKS OVER PAST FEW MONTHS- CNBC CITING SOURCES Source
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