Markets


Detroit Protest Shuts Schools As Obama Visits Detroit Protest Shuts Schools As Obama Visits
- January 22, 2016

The latest "sickout" comes a day after Michigan Gov. Rick Snyder's State of the State address, in which he did not directly address teachers' protests or school conditions. One man who has been a frequent target of critics is Darnell Earley, appointed by Snyder a year ago to oversee Detroit Public Schools. "These selfish actions do nothing to help MI children, and they do nothing to help the union members who want state support for their failing school district", Cotter tells the Free ... (more...)
Chipotle to close all stores for one day on February 8
- January 22, 2016

The closure is to give execs time to answer questions about the outbreak and to go over a new marketing plan to bring customers back. One October outbreak affected OR and Washington and then spread to another seven states, sickening over 50 people by mid-November. (more...)
Seoul: Time to push for nuclear talks without North Korea
- January 22, 2016

Young Pioneer Tours, a travel organization in China that specializes in trips to North Korea, confirmed reports that one of its clients was detained in Pyongyang. Most are adventure-seekers curious about life behind the last sliver of the iron curtain, and ignore critics who say their dollars prop up a repressive regime. (more...)
Evercore: T-Mobile still growing earnings along with user base Evercore: T-Mobile still growing earnings along with user base
- January 22, 2016

The Federal Communications Commission got a heads up about Verizon's just-announced FreeBee sponsored-data service, but a company spokesperson said it is not unusual for it to share such information with the FCC as it announces it to the public. (more...)
Chipotle to shut outlets next month for food safety meeting
- January 22, 2016

They included one that started in October in OR and Washington and spread to seven other states, sickening more than 50 people by mid-November. One of the norovirus outbreaks is being investigated by the U.S. "I'm confident we'll recover from this and win back our customers", Ells said, according to the Wall Street Journal . For the fourth quarter, Chipotle Mexican Grill recorded 14.6 percent decline in comparable restaurant sales, reflecting the bacterial outbreak. (more...)
EPA official resigns amid Flint water crisis
- January 22, 2016

Facing protests, lawsuits and calls for his resignation, Michigan Governor Rick Snyder, a Republican, has apologised to the city's residents and called for the state to spend $28m on fixes. High levels of lead have been detected in the impoverished city's water since officials switched from the Detroit municipal system and began drawing from the Flint River as a cost-saving measure in April 2014. (more...)
Draghi comments at European Central Bank press conference
- January 22, 2016

USD/JPY rose 0.20% to117.17, off overnight lows of 116.47 and holding above the one-year low of 115.95 hit on Wednesday. The ECB's monetary policy decision is at 12:45 p.m. That was expected to have a negative effect on eurozone inflation, meaning the European Central Bank would possibly reconsider our monetary policy stance at its next meeting in March. (more...)
Wal-Mart to give pay raises to most of its workers
- January 22, 2016

She cited reports from workers who saw their hours cut after the initial wage hike previous year or who received a smaller annual raise than they might have due to changes in the calculation of yearly performance-based hikes. This marks the second round of pay increases in Walmart's plan to to boost wages that it announced past year. Walmart Spokesman Kory Lundberg said: "We want to make sure we're rewarding associates in a way that's fair and consistent and transparent". (more...)
Chipotle promises new focus on food safety
- January 21, 2016

Last week, Chipotle also revealed that it had received a grand jury subpoena during the investigation of a norovirus outbreak in California. And their restaurants, which were once the go-to grub spots for the entire country, lost most of their appeal to consumers. (more...)
IBM buys Ustream, plants feet in livestreaming market IBM buys Ustream, plants feet in livestreaming market
- January 21, 2016

Ustream specializes in helping companies like Samsung, Nike and Facebook stream live events such as corporate speeches and live concerts to the Web, and reaches as many as 80 million individual users per month. The cloud-based video services and software market is an $105 billion market opportunity, the company added. "Video is the most powerful and emotional medium", Ustream chief executive Brad Hunstable, CEO maintained in a release. (more...)
European Central Bank leaves key interest rate unchanged
- January 21, 2016

It was bad enough when oil dipped below $50 per barrel. In December, annual inflation in the bloc is estimated to have been 0.2 percent, improving slightly from November's 0.1 percent. Oil firmed at around $28 a barrel after a sharp decline Wednesday. Also, France's business confidence and eurozone consumer confidence data are due to be released today. (more...)
Uber to Roll Out UberEats in 10 US Cities Uber to Roll Out UberEats in 10 US Cities
- January 21, 2016

Aside from taking people to their chosen destination, Uber has been keen on offering food delivery service food across the US since previous year. Customers will have access to the full menus of dozens of restaurants, according to an interview The Wall Street Journal had with an Uber spokesperson. (more...)
Apple's iOS 9.2.1 Release And Jailbreak Updates
- January 21, 2016

Apple recently released iOS 9.3 beta and one of the new features that the update will come with is Night Shift Mode . The update brings "security updates and bug fixes including a fix for an issue that could prevent the completion of app installation when using an MDM (Mobile Device Management) server". (more...)
Chipotle to close all restaurants for food safety meeting
- January 21, 2016

As a result, at least nine lawsuits were filed against Chipotle after people became ill from eating at the restaurants. This video includes images from Getty Images . In 2015, the stock dropped by 30 percent , according to Bloomberg. The temporary close is for a company-wide meeting on how to prevent further issues with food safety, Refinery29 reports . (more...)
Tom Hardy reacts to his Oscar nomination at The Revenant Premiere! Tom Hardy reacts to his Oscar nomination at The Revenant Premiere!
- January 21, 2016

Four times he's come up short for his acting work (and a fifth time for producing), but the Academy has a way of righting any perceived wrongs and legendary actors rarely end their careers without a statue. Veteran British actress Rampling, who receives a nod for marital drama 45 Years , faces competition in the best actress category from Cate Blanchett for Carol , Brie Larson for Room, Jennifer Lawrence for Joy and Saoirse Ronan for Brooklyn . (more...)
Chipotle will close February 8 for companywide meeting on food safety
- January 21, 2016

Chipotle is opening all of its locations late that day to allow time to talk about food safety with all staff in light of food poisoning outbreaks, according to various news reports . The company announced that the Denver-based chain would not use the GMO's, which is an organism whose genome has been altered via genetic engineering in the food served at Chipotle Mexican Grills. (more...)
Chipotle Closing In February To Make Way For Company-Wide Meeting
- January 21, 2016

Chipotle hired a food safety expert, changed its food handling practices and has started testing produce before shipping to stores. During that time , Chipotle will be holding a company-wide meeting to address a series of health issues at its stores that have left hundreds sick and hammered the restaurant chain's credibility for high-quality food. (more...)
Chipotle to Briefly Close All Restaurants for Safety Meeting
- January 21, 2016

The Centers for Disease Control and Prevention said 53 people have been sickened in multiple states. The delayed openings next month are so employees can take part in a team meeting to discuss changes the company is making to tighten its food-safety measures. (more...)
Chipotle to close all stores for one day in February
- January 21, 2016

During that time , Chipotle will be holding a company-wide meeting to address a series of health issues at its stores that have left hundreds sick and hammered the restaurant chain's credibility for high-quality food. E! reports Chipotle plans on following its meeting next month with a marketing campaign next month to win customers back. Last week, the company said it was subpoenaed by federal authorities as part of a criminal investigation into a different outbreak in California ... (more...)
Chipotle Stores Will Close Feb. 8 For Company-Wide Meeting
- January 21, 2016

The company projects an 8 percent drop in fourth-quarter sales for 2015. "I represent a total of 75 people, but I haven't filed all their lawsuits yet", Marler told the Oregonian . The company has hired a food safety expert, has changed food handling practices, and has also started testing produce before it is shipped to stores, the Tribune reports . (more...)

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