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Reuters: Business News

Burger chain Shake Shack sizzles in market debut

(Reuters) - Shares of trendy hamburger chain Shake Shack Inc soared as much as 150 percent in their first day of trading on Friday, valuing a company with only 63 restaurants at nearly $2 billion.

Posted: Fri 30th of January, 2015

Oil surges 8 percent as U.S. rig count plunges, shorts cover

NEW YORK (Reuters) - Oil prices rocketed more than 8 percent higher on Friday, their biggest one-day gain in two and a half years, after data showed U.S. drillers were slamming the brakes on the shale drilling boom.

Posted: Fri 30th of January, 2015

Wall St. pares losses on energy rebound; Shake Shack, Amazon rally

NEW YORK (Reuters) - U.S. stocks pared earlier losses to trade little changed Friday afternoon amid a rebound in the energy sector as oil prices surged on expectations for a supply decline due to a falling rig count.

Posted: Fri 30th of January, 2015

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