Bezos's comments give a rare glimpse into his interest in the auto industry. Amazon recently invested in two self-driving start-ups.Technologyread more
While investing often seems like a contrarian game where going against the flow feels like the better bet, the reality is that investors who bought the most-favored stocks...Hedge Fundsread more
"We are now embarking on a new Long March, and we must start all over again!" Xi Jinping said.Marketsread more
CBS plans to renew discussions for Starz with Lions Gate in the coming weeks, according to people familiar with the matter. If a deal happens, the remainder of Lions Gate...Technologyread more
The launch comes as Apple's laptops have been criticized for a keyboard that users say breaks easily and results in key presses that cause characters to double up or not...Tech Driversread more
Craig Irwin of Roth Capital Partners said Apple tried to buy Tesla six years ago for a higher price than where the stock now trades.Technologyread more
The economist thinks the Fed ought to pay more attention to financial markets when setting interest rates.The Fedread more
Connecticut state Sen. Alex Bergstein's divorce case with her husband, Morgan Stanley managing director Seth Bergstein, has exposed her new romantic relationship with her...Politicsread more
Donaldson was chief of staff to former White House counsel Don McGahn, who on Tuesday defied the Judiciary panel's subpoena to testify about special counsel Robert Mueller's...Politicsread more
As shopping has shifted online and styles have evolved, Ascena has been grappling with sagging sales and a large debt-load. Looking to stem the losses, Ascena is turning to...Retailread more
The U.S. State Department's current offer is the final one, according to multiple sources.Politicsread more
Chipotle Mexican Grill is taking its C-Suite to So-Cal.
The burrito chain announced Wednesday that it will shutter its offices in Denver and New York and relocate its headquarters to Newport Beach, California.
"We'll always be proud of our Denver roots where we opened our first restaurant 25 years ago," Brian Niccol, CEO of Chipotle, said in a statement. "The consolidation of offices and the move to California will help us drive sustainable growth while continuing to position us well in the competition for top talent."
Other prominent restaurant chains with headquarters in the area include Taco Bell, Del Taco and In-and-Out.
Niccol left his post as CEO of Taco Bell to take the top spot at Chipotle earlier this year and has brought in several new high level employees with history at Yum Brands in the last few months.
Chief Marketing Officer Chris Brandt joined Chipotle in April after a nearly two year stint at Bloomin Brands and almost a half decade at Taco Bell.
In May, Tressie Lieberman became the executive director of customer engagement marketing at the company, after spending two years at Snap Kitchen as CMO and almost five years at Taco Bell in various digital marketing positions.
In the next six months all functions at the New York and Denver offices will be consolidated into Chipotle's Columbus, Ohio locations or to the new Newport Beach facility.
The new headquarters in Newport Beach will house the company's operations, business development, marketing, communications, finance, supply chain, food safety, technology and human resources departments, the company said.
About 400 employees will be affected by the move, with some being offered relocation or retention packages.