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  • Finance
    TheStreet.com17 hours ago

    Massive Numbers of People Will Never Eat At Chipotle Again And That Should Terrify Investors

    "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.

  • Business
    TheStreet.com20 hours ago

    3 Retailers Not Named Payless and Sears That Could Be Next to Go Bust

    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. 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 Collective Brands, is increasingly facing a grim outlook.

  • Finance
    Zacks19 hours ago

    What's Going on with AT&T's (T) U-verse Service? (revised)

    Media reports suggest that U.S. telecom behemoth AT&T Inc. T is planning to end support for parts of its long-standing U-verse brand by the end of May. The brand consists of fiber-based triple-play video (TV), voice (telephony) and high-speed broadband