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Chipotle can last a year with lower sales: CFO

Bloomberg Chipotle Mexican Grill Inc is well positioned to ride out the Covid-19 storm that’s ravaging the US restaurant industry, according to its chief financial officer. “We can get through for many months or even a year at these kind of depressed sales levels,” CFO Jack Hartung said in an interview, declining to provide sales figures. He said the disease ...

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After pandemic is over, US must learn from mistakes

When America has recovered from the coronavirus crisis and people are back to work, Representative Adam Schiff thinks Congress should consider a 9/11-style independent commission to examine why the nation was so unprepared for the pandemic. Schiff, a California Democrat, told me in an interview that his staff has already started working on a discussion draft modeled after the 9/11 ...

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Apple-Amazon deal is a game changer

What was once sacrosanct is no more. Apple Inc seems to have blinked. Bloomberg News reported on April 1 that Apple has relaxed its rules requiring a 30% cut for any content sold inside video apps on its iOS platform. The tech giant said its programme allows “premium subscription video” providers the ability to charge consumers directly using their own ...

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