Chipotle (CMG) may have finally removed preservatives from all of its food, but investors should be wary of the company that once served up E. Coli to 60 burrito-hungry customers. "We have always used high quality ingredients and prepared them using classic cooking techniques," Chipotle Founder and CEO Steve Ells said in a statement Tuesday highlighting the chain removing preservatives from its tortillas. Ells may want to consider refraining from dissing rival fast food chains until Chipotle stabilizes its own business. While Wedbush analyst Nick Setyan views Chipotle going "clean" with its food as a way to "get them back on the right path," he told TheStreet that challenges still lie ahead for the company.
More and more retailers are inching closer to the edge, as the list of troubled ones grows by the day. Discount footwear chain Payless ShoeSource is allegedly planning to file for bankruptcy protection under Chapter 11 as soon as next week, and plans to close 400 to 500 stores, according to a report Wednesday morning by Bloomberg. A Payless spokeswoman declined to comment. In February, it was reported that Payless would close 1,000 stores, and, in January, the company announced the elimination of 150 employees. Facing $650 million in debt, Payless, which was taken private by private equity firms Golden Gate Private Equity and Blum Capital Partners in a 2012, $2 billion buyout of parent company
The common age for retirement used to be 65, but times have changed. With the shift from defined-benefit plans to defined-contribution plans – and many savings programs not producing projected returns – individuals may need to postpone the date they start to receive Social Security and other retirement benefits. If your employer's policy is to offer retirement at age 65, consider whether you are really ready to retire from a psychological and financial perspective.