Archive for June, 2016

Chipotle Launches Long Awaited Rewards Program

Chipotle (NYSE:CMG) will officially launch its first-ever rewards program on July 1. The new program is named Chiptopia Summer Rewards and will last for three months, July through September. You can get a rewards card at a restaurant, but you have to register online to redeem the rewards. Chipotle executives first announced the creation of […]

Criminal Probe Into Emissions Scandal Targets Former VW CEO

Volkswagen (VLKAY) former CEO Martin Winterkorn has been revealed to be the target of a criminal investigation into the automaker’s diesel-emissions scandal. German prosecutors are investigating whether Winterkorn violated securities laws and manipulated the market with his actions. Winterkorn resigned days after the crisis erupted, saying he was doing so “in the interests of the […]

Mixed Results For Lululemon For First Quarter

Lululemon Athletica Inc. (NASDAQ:LULU) reported mixed results on its earnings call for the first quarter of its fiscal year. Lululemon’s total revenue increased 17 percent to $495.5 million, beating analysts’ estimates of $487.72 million. However, profits fell to $45.3 million, or 33 cents per share, down from $47.8 million, or 34 cents per share, in […]

Starbucks Announces Tea Partnership With Anheuser-Busch

Starbucks Corp. (NASDAQ:SBUX), one of the largest coffee companies in the United States, is teaming up with Anheuser-Busch InBev NV (NYSE:BUD), one of the nation’s biggest beer brewers, to create a bottled version of its Teavana tea. The companies announced the partnership Thursday and expect to finalize agreements for the new brand by the end […]