Money


Chipotle says sales recovering, but down 26 per cent in February Chipotle says sales recovering, but down 26 per cent in February
- March 17, 2016

It said the recovery continued into March, with its sales decline easing to 22 percent for the first week of the month. Candriam Luxembourg S.C.A. raised its position in shares of Chipotle Mexican Grill by 66.2% in the fourth quarter. Previously, a number of officials looked after food safety in the company's supply chain and stores, these people said. "They're finding it more costly to manage this situation than they anticipated". (more...)
Uber Rolls Out 'Uber Eats' App For San Francisco Food Delivery Uber Rolls Out 'Uber Eats' App For San Francisco Food Delivery
- March 16, 2016

For those cities where full delivery is not yet available, "Instant Delivery", a rehash of the company's old working-lunch model, is available from limited locations in specific neighborhoods. Drivers would carry around pre-made meals and deliver them to users who ordered within the existing Uber transportation app. "Whether it's the ride that gets you from A to B or the food that makes you happy, Uber is there to help you get what you need, when you need it", Uber wrote in a blog ... (more...)
In reversal, Obama admin to block oil drilling in Atlantic
- March 16, 2016

Despite a surge in oil and natural gas production in the past seven years that has helped push gasoline prices below $2 a gallon, Republicans and industry groups have criticized Obama for imposing what they say are unnecessary regulations on drilling, especially on federal lands. (more...)
Iran will consider oil freeze when its reaches 4 million bpd
- March 15, 2016

Zanganeh was responding to a question about whether Russian Energy Minister Alexander Novak would try to convince Iran to join the oil output freeze during a visit later this week. Iran is trying to regain its share of the global petroleum market after the removal of sanctions. Saudi Arabia appeared to have stuck to a preliminary deal with some other producers to freeze output, as its crude production held steady in February at 10.22 million bpd, an industry source told Reuters. (more...)
Talks resume as strike deadline nears for New Jersey Transit Talks resume as strike deadline nears for New Jersey Transit
- March 14, 2016

Stephen Burkert, chairman of SMART-Transportation Division Local 60. But even with additional buses, more than 65,000 regular rail riders will need make their way to work without NJ Transit . That is projected to create backups of 20 miles or more at the chronically jammed Lincoln and Holland tunnels, traffic experts said last week. "As part of our contingency planning, we have reached out to a broad range of employers and business organizations in New Jersey and NY to alert them to the ... (more...)
Donald Trump wins in MI Donald Trump wins in MI
- March 10, 2016

Kasich, meanwhile, performed particularly well among voters with postgraduate education, moderates, and people who said they were choosing a candidate because they disliked the others. During a campaign stop at a North Carolina church, Mr Cruz blasted Mr Trump for asking rally attendees to raise their hands and pledge their allegiance to him. (more...)