Chipotle’s leadership position on the fresh Mexican fast-food market is being challenged by Yum Brands , which is bringin out its “Cantina Bell” menu that will soon appear in pilot markets (previous). Yum Brands will feature Chipotle’s staple ingredients – black beans, cilantro rice and grilled corn salsa – in its new menu at prices noticibly lower than its rival, but higher than its own current items.
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A substantial shakeup in its management is announced by Wal-Mart . East Coast business chief Rosalind G. Brewer will become Sam’s Club CEO, as Brian Cornell is resigning for family reasons . At the same time,a new chief information officer, a new chief administrative office, and a new COO for its U.S. operations is being appointed.
For the first time since the financial crisis, combined spring pay raises and bonuses to 20K salaried workers in the U.S.and Canada are being planned by Ford . Effective April 1st, the raises will average 2.7%, with the bonus payouts coming earler, in March.
Golden Gate Capital and TPG Capital have submitted winning bids for Talbots , the struggling apparel retailer. The stock surged after the report by CNBC.
Coca Cola’s discovery of carbendazim,a fungicide not approved for oranges in the U.S in orange juice it imported from Brazil, prompted the FDA to begin testing imports. New government tests show 19 samples taken from imported orange juice shipments are negative, causing OJ futures jump 5% to $2.1065/lb.
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