Shares of retailers and other consumer-services companies rose as traders rotated back into cyclical sectors.
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New weekly jobless claims rose for the first time in a month, but remained consistent with an expanding jobs market.
In a letter to shareholders, activist fund Marcato Capital Management called for the resignation of Buffalo Wild Wings Chief Executive Sally Smith and reiterated a demand for board seats as it pushes the company to franchise more stores, boost profit margins and increase sales. The call comes after a successful campaign by one of the most prominent activist funds, Elliott Management, to oust Arconic Chief Executive Klaus Kleinfeld.
Rob Curran, firstname.lastname@example.org
(END) Dow Jones Newswires
April 20, 2017 17:22 ET (21:22 GMT)