The Exchange

  • For around 16 months, Chef Wiley Bates III has done his work in a closely monitored, difficult-to-access test kitchen in Plano, Texas, one where research is conducted, where ideas are abandoned or advanced, and where product development is handled with care.

    He's gone from culinary school to high-end restaurants and hotels to this place, where he was found after a nationwide search that eliminated his competitors and left him alone, as the executive chef of Pizza Hut.

    Crazy Cheesy Crust Pizza: Photo Courtesy of Pizza Hut It is near this kitchen, located within an attractive building in a suburban office park, that he and a set of his colleagues are seated around the newest product from the pizza seller, the Crazy Cheesy Crust pizza.

    The name is a fair one, though perhaps only by seeing it in person can one truly appreciate it. This particular item relies on the hand-tossed crust, but it comes with an immediately noticeable difference -- rather than the slices ending in that familiar arc of baked dough, each piece of the Crazy Cheesy

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  • Sorry, baseball fans, but ticket prices are going up. Again.

    In what’s become something of an annual ritual, the average price of a Major League Baseball ticket has hit new highs this season, to a league-wide average of $27.73, according to Team Marketing Report’s 2013 Fan Cost Index (FCI), an annual survey of ticket and stadium entertainment prices. That’s up 2.7 percent versus the 2012 season.

    It’s the largest jump in MLB ticket prices since 2009 and is equal to the total increases of the last three seasons combined. According to FCI, 15 teams increased prices by more than one percent, six kept prices flat and nine teams actually cut prices. The Toronto Blue Jays led the league in increases, raising ticket prices by 29.6 percent, followed by the Los Angeles Angels at 23.4 percent, the Washington Nationals at 15.4 percent and the Texas Rangers at 10.0 percent.

    And the big spenders are still the usual suspects. The Boston Red Sox remain the priciest ticket in baseball at $53.38 on

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  • Dear Readers,

    I wanted to take this opportunity to thank you for making Yahoo! Finance one of your daily habits. I also wanted to introduce myself: Last year I became Editor-in-Chief of Yahoo! Finance in addition to my ongoing role as a host of The Daily Ticker.

    One of my first priorities as Editor-in-Chief was to recruit outstanding editorial talent. With that in mind, in October we brought on Michael Santoli as our senior columnist. A former Barron’s writer and frequent guest on CNBC, Michael is an award-winning reporter whose work can be found in his blog Unexpected Returns.

    The staff of Yahoo Finance are also producing top-quality original content that’s housed in our blog The Exchange. The Exchange is updated daily and has a rich mix of news coverage and op-ed-style offerings from outside contributors such as PIMCO’s Mohamed El-Erian and other experts.

    In addition, we’ve worked with our premiere partners at CNBC to develop some exclusive web programming, including Off the Cuff,

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  • How time flies: Yet another trading quarter has come to an end and investors are already feeling a teary-eyed nostalgia. On Thursday, following some nail-biting days as the S&P 500 came within mere ticks of a record close only to meet frustrating resistance, the index finally broke through, hitting 1,569.19 to best its October 2007 close of 1,565.15. Next record to beat: Its intraday high, also in October 2007, of 1576.09. Expect more nail-biting to come.

    Meanwhile, the final numbers for the major indices in Q1: Dow up 11.25%, S&P up 10.3% and the Nasdaq up 8.21%. Cyprus be damned, despite some blips, those indices pushed ahead. Can it continue or is that much-discussed true pullback on tap for next week and beyond? Stay tuned to see what the second quarter might bring.

    Next week’s highlights include the key jobs report for March, auto sales, overseas monetary-policy meetings and a “very special Facebook announcement.” Also be sure to remember that the week kicks off with April Fool’s

    Read More »

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