![]() ![]() How a surprise encounter with Evan Spiegel made Intuit's Scott Cook invest early in Snapchat - When Evan Spiegel asked Intuit cofounder Scott Cook to invest in Snapchat's Series A round of funding, Cook was sure that the app would be a complete flop. The news boosted the stock price by about 9%, but a group of Credit Suisse analysts warn that continued upside is limited.īARCLAYS: Facebook is the stock to own for the "golden age" of mobile - Barclays has named Facebook the "best pure play in consumer Internet around the secular growth in mobile advertising, full stop." ![]() The company that owns Olive Garden might've already seen its best days - Darden Restaurants announced on Monday that it is buying Texas-based restaurant chain Cheddar's Scratch Kitchen for $780 million. According to UBS analysts, its biggest competition is from Panera Bread, the fast-casual chain that serves up sandwiches, soups, and salads. Lululemon crashes 21% after earnings warn about a "slow start" to the year - Lululemon shares fell by as much as 21% in pre-market trading on Thursday after the company reported earnings and said it had a "slow start" to the year.Ĭhipotle's biggest competitor is a soup-and-sandwich chain - Chipotle has dominated the growth of fast-casual Mexican dining in America. ![]() Saudi Aramco formally appoints banks to advise on share sale - Saudi Aramco has formally appointed JPMorgan, Morgan Stanley and HSBC as international financial advisers for its initial public offering, expected to be the world's largest equity sale. Account icon An icon in the shape of a person's head and shoulders. ![]()
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