Bloomberg Amazon.com is planning to open a new grocery store in Irvine, California, the second confirmed location for an as-yet-unnamed retail concept separate from the company’s Whole Foods Market chain. Amazon job postings show the retailer is hiring for managers and grocery staffers for a store in the city, located southeast of Los Angeles in Orange County. An Amazon spokeswoman …

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 …

Bloomberg Oil held near $20 a barrel as Saudi Aramco’s output surged above 12 million barrels a day, but Russia said it would refrain from further production hikes. Crude futures in New York were little changed on Wednesday, following a record decline in the first quarter. While state-run Aramco’s oil supply has surpassed 12 million barrels a day and is …