Daily Investor Update: Chipotle's sales disappoint, shares dive 6 percent

Click to View in Browser Tuesday, October 24, 2017 Chipotle's sales disappoint, shares dive 6 percent (Reuters) - Chipotle Mexican Grill Inc reported a smaller-than-expected rise in sales at established restaurants, hurt by mixed reviews of its new queso side dish and a Norovirus outbreak that forced the brief closure of a Virginia restaurant in July. AT&T results miss estimates as pay-TV competition rises NEW YORK (Reuters) - AT&T Inc's quarterly results missed Wall Street estimates as the U.S. No. 2 wireless carrier lost video subscribers to pay-TV competitors. At least three buyout groups seen advancing in Unilever spreads auction: sources LONDON (Reuters) - At least three bidders are expected to be shortlisted for the second round of an auction for Unilever's margarine and spreads business while two other private equity groups are no longer in the fray, sources told Reuters. 3M, Caterpillar power Dow to record NEW YORK (Reuters) - The Dow hit a record high close on Tuesday as stronger-than-expected results and forecasts from companies including 3M and Caterpillar fueled optimism about economic strength, while the S&P 500 and Nasdaq ended slightly higher. Nestle follows Campbell Soup in quitting food manufacturer lobby group NEW YORK (Reuters) - Nestle SA is leaving the Grocery Manufacturers Association (GMA), a lobby group that represents hundreds of food companies in Washington, a spokesman for the group said, just months after a similar decision by Campbell Soup Co . CWA union to oppose Sprint, T-Mobile deal over job losses WASHINGTON (Reuters) - The 700,000-member Communications Workers of America (CWA) union said on Tuesday it would oppose a deal to merge wireless carriers Sprint and T-Mobile, arguing that such a move would cost tens of thousands of jobs in the United States. Dow stays near record high, European shares end mixed NEW YORK (Reuters) - European shares ended mixed at their close on Tuesday in anticipation of this week's European Central Bank meeting, while the Dow Jones Industrial Average remained near record highs, buoyed by a surge in industrial sector shares. Caterpillar smashes market estimates as North America sales rebound (Reuters) - Caterpillar Inc blew past Wall Street's profit and revenue estimates for the third quarter, driven by surprisingly strong demand for its construction equipment in North America and robust sales in China. Whirlpool to stop selling big-name brands at Sears (Reuters) - Whirlpool Corp said on Tuesday it would continue to supply several of its products to Sears Holdings Corp and discontinue only the supply of brands including Maytag fridges, KitchenAid products and Jenn-Air appliances. Fiat Chrysler's bet on Jeeps and trucks lifts quarterly profit MILAN (Reuters) - The push to sell more higher-margin Jeep SUVs and RAM trucks lifted Fiat Chrysler Automobiles' quarterly earnings, making Chief Executive Sergio Marchionne confident the carmaker can turn cash positive by the end of 2018. Related Video GM and Fiat Chrysler beat Hasbro blames Toys 'R' Us for frosty holiday outlook Related News Fidelity chairman says U.S. regulations lag social media advances Hedge fund Greenlight bets again on Micron, others in Q3: letter Get a jump on the day with our early morning summary of key news developments for the US markets, as well as global market news. Register Today The latest Reuters articles on M&A, IPOs, private equity, hedge funds and regulatory updates delivered to your inbox each day. Register Today » » MORE NEWSLETTERS - 3 Times Square New York, NY 10036 USA © Copyright 2017 Thomson Reuters Ensure delivery of Reuters Newsmails, add newsletters@email.reuters.com to your address book. Subscribe to other Reuters newsletters. Unsubscribe from this newsletter. Follow us on Twitter Friend us on Facebook