The Traderszone Network

Half a dozen food chains have held piping-hot stock market debuts in the past year to meet a growing appetite for “fast-casual” restaurants catering to younger and more affluent diners willing to pay more for fresher, higher quality fare than they expect to find at traditional fast food places like McDonald’s.     Wall Street hopes the new crop of publicly traded eateries will replicate the success of Chipotle Mexican Grill Inc (CMG.N), which has grown to about 1,800 restaurants since its 2006 debut.

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“Super” Mario Draghi might not be one of the heroes in “Avengers: Age of Ultron,” but his powers are almost as impressive as those of Iron Man.

Company veteran Chuck Robbins, 49, will take over as CEO. The 65-year-old Chambers, one of the longest-serving leaders of a Silicon Valley company and also company chairman, will become executive chairman, the company said on Monday. Wall Street analysts said a change was expected and could signal a refocusing of Cisco, which acquired dozens of companies under Chambers but has failed to make great headway outside its core networking business. Shares of Cisco, based in San Jose, California with about 70,000 staff, were up 0.4 percent at $29.24 on Nasdaq.

Asian stock markets retreated on Tuesday and the Australian dollar stumbled after the central bank cut interest rates for the second time in four months as the region’s growth falters in the face of slowing demand from China. Financial spreadbetters expected European markets to open mixed, with Britain’s FTSE 100 likely to open 0.7 percent higher, Germany’s DAX seen 0.2 percent lower and France’s CAC 40 seen down 0.1 percent.

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On Monday, Pacific Investment Management Inc said investors yanked another $5.6 billion from its flagship Pimco Total Return Fund last month, bringing its assets to $110.4 billion at the end of April. Cash withdrawals in April marked the fund’s 24th consecutive month of net outflows. By comparison, the Vanguard Total Bond Market Index Fund had $117.3 billion as of April 30, according to a Vanguard spokesman. “We do not view this as an asset gathering horse race,” said John S. Woerth, spokesman at the Valley Forge, Pennsylvania-based Vanguard Group.

MEXICO CITY/SAN FRANCISCO (Reuters) – SurveyMonkey Chief Executive Dave Goldberg died Friday from a head injury while exercising at a resort in Mexico, the local prosecutor’s office said Monday. Goldberg, the husband of Facebook Inc (FB.O) Chief Operating Officer Sheryl Sandberg, fell off a treadmill at a private villa in Punta Mita and hit his head, the prosecutor’s spokesman said. Goldberg’s brother found him on the floor of the villa gym showing signs of life, the spokesman said. Goldberg was taken to the hospital, where he later died.

Credit Suisse (CSGN.VX) has quietly withdrawn a request for a waiver to raise capital more easily, after U.S. Securities and Exchange Commission staffers told the bank in recent weeks it would not win approval, people familiar with the matter told Reuters. The bank had applied for the waiver following its agreement last year to pay $2.5 billion to resolve criminal charges that it helped wealthy Americans evade U.S taxes.

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