Chipotle is saying goodbye to Asian-inspired restaurant chain ShopHouse after it failed to make the money executives were expecting.
"ShopHouse simply has not demonstrated the ability to support an attractive unit economic model," Chipotle Chairman and Co-CEO Steve Ells said in a conference call following the parent company's financial results ...Read more
A group of 16 Senate Democrats asked the nation's financial regulators on Wednesday to strengthen proposed rules governing how companies revoke or "claw back" pay from bank executives, saying the case of Wells Fargo & Co. illustrates the need for tougher policies.
The senators, led by Robert Menendez of New Jersey, sent a letter to regulators ...Read more
SAN FRANCISCO -- Tesla proved naysayers wrong Wednesday, posting a profit for the third quarter -- its first profitable quarter since early 2013.
A near doubling of revenue and a much lower growth in expenses produced the positive net income of $111.4 million, or 71 cents a share, when adjusted for one-time events. For the same quarter a year ...Read more
Cable television colossus Comcast Corp. gained customers in the third quarter, bucking industry trends, and its broadcast of the Rio Summer Olympics hauled in $1.6 billion in revenue.
Comcast announced Wednesday that it gained a net 32,000 cable television subscribers during the July-through-September quarter, compared with a loss of 48,000 in ...Read more
SEATTLE -- Reacting to a growing industry expectation that 777 jet production will have to be reduced further than previously stated, Boeing said Wednesday that the worst case scenario is a rate cut to 42 jets per year from the current 100 jets per year.
Chief executive Dennis Muilenburg said in a teleconference that a decision will likely be ...Read more
FORT WORTH, Texas -- Southwest Airlines said its third quarter profit declined 33 percent as the carrier flew more passengers who paid lower average fares.
The Dallas-based carrier said net income was $388 million, down from $584 million in the third quarter of 2015. Revenues also dipped, down 3.4 percent to $5.13 billion.
"We benefited from ...Read more
Q: Is there a program for organizing pictures that's similar to what iTunes does with music?
I'm looking for a way to scan photos once and organize them into "playlists." I'd like for a single digital copy of a photo to be able to appear in multiple playlists, and to be able to add a photo to each playlist using drag and drop. And I'd like to ...Read more
WASHINGTON -- The era of the fingerprint has given way to the digital footprint.
Counterterrorism investigators still rely heavily on tools such as surveillance cameras, license plate readers and facial recognition software to track potential terror plots in the physical realm. But they now delve with as much vigor into the social media ...Read more
Nothing More, Nothing LessAshley Dukart
When Brandon finds that his mother committed suicide, he blames himself for her decision. His guilt drives his young life into a downward spiral of drugs, drug-dealing, and violent repercussions when his “business partners” don’t get what they want. Haunted by the...
MINNEAPOLIS -- Sinking electronics and lackluster industrial sales growth again hamstrung 3M Co., prompting flat sales for the third quarter and narrowed profit expectations for the full year.
In a conference call with Wall Street analysts Tuesday, CEO Inge Thulin said 3M's third quarter was marked by increased earnings, robust cash flow and ...Read more
DETROIT -- General Motors earned a profit of $2.8 billion in the third quarter, exceeding Wall Street estimates and doubling its year-earlier haul, yet the automaker still saw its shares sink Tuesday as investors remain convinced that new vehicle sales in North America have nowhere to go but down.
On a per-share basis, GM earned $1.72, easily ...Read more
BALTIMORE -- Under Armour's stock swooned Tuesday even as the Baltimore-based athletic brand reported that sales and profits soared in the third quarter.
The company's shares plunged more than 13 percent Tuesday, closing at $32.89 each, after its executives warned of a weaker-than-expected growth outlook for the next two years.
"I believe we ...Read more
LOS ANGELES -- Ron Howard's "Inferno," which sees Tom Hanks resuming his role as a globe-trotting professor, should top the box-office charts this weekend as the sole new release in theaters. But a No. 1 opening does not always a successful movie make.
The Sony Pictures sequel to "Angels & Demons" and "The Da Vinci Code" is expected to gross $...Read more
DETROIT -- Fiat Chrysler Automobiles said Tuesday it earned a profit of $659 million during the third quarter as its net income improved in three out of four global regions.
The quarterly profit compares with a loss of $421 million during the same period last year, when the automaker took a massive one-time charge to cover the cost of future ...Read more
A federal judge has approved a $14.7 billion settlement in the Volkswagen emissions-cheating case, the largest auto-scandal settlement in U.S. history.
The deal, approved Tuesday, gives about 475,000 owners of Volkswagens and Audis with 2-liter diesel engines the opportunity to have their cars bought back or modified by Volkswagen and to seek ...Read more
The first commercial shipment by a self-driving truck was a beer run.
Uber Technologies Inc.'s self-driving trucking unit, Otto, said Tuesday it partnered with brewing giant Anheuser-Busch Cos. to carry 51,744 cans of Budweiser on a shipment through Colorado.
"Yes, you can go out right now and buy a can of beer that was shipped by a self-...Read more
Like many tech publications, gadget review website the Wirecutter tests products and recommends which ones to buy. But unlike others in the tech press that rely on advertising or subscriptions, the Wirecutter earns money through hyperlinks.
Whenever readers click a link on the site and make a purchase from an online merchant such as Amazon.com,...Read more
LOS ANGELES -- Wall Street gave a cool reception Monday to AT&T's plan to buy Time Warner Inc., illustrating sharply divergent views on whether the blockbuster deal will usher in a new era of media consolidation or merely more scrutiny from federal regulators.
But the uncertainty didn't stop some analysts from speculating about various ...Read more
PHILADELPHIA -- A Checkers restaurant in Philadelphia was shut down and several employees were fired after a worker posted a video describing how he wiped the floor and blew his nose using hamburger buns, spit and sneezed on food, and claimed workers were having sex with customers in the kitchen.
The drive-thru, on the 7100 block of Stenton ...Read more
No matter who you are, if you're looking for a way to stream video from the internet to your living room TV, Roku hopes to have you covered.
The Saratoga, Calif., company, long known for offering affordable, easy-to-use digital media players, recently revamped its lineup. I've been testing out the two ends of Roku's range -- the bargain-priced ...Read more
MINNEAPOLIS -- For people who find their pile of Halloween decorations getting nearly as large as their Christmas collection, check out Matt Dunn. He has been collecting Halloween decor for 24 years, since he was 10. "I'd decorate my parents' house, the backyard, the front yard and the garage," he said.
Dunn turned his obsession with gore and ...Read more
- Say goodbye to the fingerprint; it's your digital footprint the FBI wants
- Under Armour takes stock price hit amid soaring earnings and sales
- Halloween entrepreneur: Years of collecting, months of planning and one month to make money
- 3M profits beat expectations, but company lowers 2016 forecast
- Fiat Chrysler earns $659 million profit in third quarter