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Chipotle to close up to 65 stores, revamp menu under new CEO

Chipotle’s share price has risen more than 80 percent since Niccol’s hiring was announced in February as the company focused on how the chain could raise online sales. Chipotle will add “in-app” delivery of its products to about 2,000 restaurants by the end of the year and launch a long-awaited loyalty program in 2019. Executives did not say whether fast-casual dining menu items such as quesadillas and nachos would be added to the menu, and they brushed aside a question about international plans, saying they would focus on “aggressive growth” in the United States. …read more […]

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After bankruptcy, Gibson plots return to basics, and possibly ukuleles

(Reuters) – As Gibson Brands Inc targets an exit from Chapter 11 bankruptcy later this year, the iconic guitar maker plans a return to traditional guitars after an ill-fated attempt at computerizing them and possibly a foray into ukuleles, CEO Henry Juszkiewicz told Reuters on Wednesday.

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Rite Aid Stock Rises as Company Posts Q1 Revenue Beat

Rite Aid (NYSE:RAD) had a great Wednesday marked by solid gains as the pharmacy chain posted its latest quarterly earnings results, posting revenue that beat analysts’ expectations. The company said that it raked in a profit of about 20 cents per share for the period, or a loss of about a penny per share on an adjusted basis. Rite Aid’s adjusted loss was in line with the Wall Street consensus estimate of a penny per share. …read more […]

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Google warns employees: Be nicer to each other, or face disciplinary action (GOOG)

Google is officially warning its employees that its internal bulletin boards are not a free-for-all for nasty, negative, damaging posts. Over the past year, Google has been embroiled in a boatload of scandals centered on the way its employees treat each other. The company has now taken its first steps to put the kibosh on one underlying cause of these scandals: the company’s internal, employee community message boards. …read more […]

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People are discovering that scammers are controlling their Apple accounts using a feature for families to share apps (AAPL)

The feature is designed to help families share apps and music, but the scammers are using it lock out the actual owner of the account and buy in-app purchases and iTunes gift cards. There are a handful of posts on Apple’s support forums and Reddit that detail similar stories of accounts that couldn’t buy apps or in-app purchases due to issues involving the feature. …read more […]

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Exclusive: Bahrain Steel says Anglo declared force majeure on contract after spills

RIO DE JANEIRO/DUBAI (Reuters) – Anglo American has suspended a contract to supply Bahrain Steel with iron ore, the Gulf-based company said, in the latest headache for the miner’s troubled Brazilian project after spills from a pipeline that carries the commodity to port.

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Equifax agrees to toughen cyber-defenses in agreement with states

WASHINGTON (Reuters) – Equifax Inc agreed on Wednesday to do more to protect consumer data in a deal with banking regulators from seven states who investigated its security practices following a cyber attack last year that exposed data on more than 143 million people. Equifax agreed to review its defenses against hackers and to give its board of directors more responsibility for protecting consumers.

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