Chipotle launches rewards program to bring back customers
(Reuters) – Burrito chain Chipotle Mexican Grill Inc said it will launch a limited-period loyalty program, betting on a strategy it had previously shunned, to lure back customers after a string of food safety lapses last year.
Ford’s Indonesian dealers demand compensation after abrupt withdrawal
JAKARTA (Reuters) – Ford Motor Co’s dealers in Indonesia are demanding around $75 million in compensation after the U.S. carmaker announced in January it would close all operations in Southeast Asia’s biggest economy.
Nestle appoints Fresenius’ Ulf Mark Schneider as CEO
ZURICH (Reuters) – Nestle SA poached Fresenius Chief Executive Ulf Mark Schneider to replace long-standing CEO Paul Bulcke, the Swiss food giant said on Monday.
U.S. banks’ stress tests may offer comfort in Brexit tumult
NEW YORK (Reuters) – The stress tests created for banks by U.S. regulators after the 2008 financial crisis may prove their worth this week, providing a timely message on banks’ hardiness in the midst of turbulence over last week’s vote by Britain to le…
U.S. officials try to calm markets, urge ‘responsible’ UK-EU divorce
WASHINGTON (Reuters) – Senior Obama administration officials sought to calm jittery markets on Monday, insisting there was no financial crisis brewing after Britain’s vote to leave the European Union and urging officials on both sides to take a “respo…
Post-Brexit slowdown fears hit holiday firms, builders and airlines
LONDON (Reuters) – Airlines, holiday companies and housebuilders joined British banks in bearing the brunt of Brexit-induced market turmoil on Monday, which analysts said reflected expectations Britain was headed for recession following its vote to lea…
Wendy’s to open first restaurants in Brazil in July
(Reuters) – U.S. burger chain Wendy’s Co said on Monday it would enter the Brazilian market in July through a joint venture that will open two restaurants in Sao Paulo.
Supreme Court rejects debt collection dispute
WASHINGTON (Reuters) – The Supreme Court on Monday allowed a class-action lawsuit against debt collector Encore Capital Group Inc to move forward, declining to hear its claim that such companies should be protected from state “usury” laws barring money…
Treasury chief: governments should use all tools to boost growth
WASHINGTON (Reuters) – U.S. Treasury Secretary Jack Lew said on Monday that policymakers in Britain and other European nations and elsewhere should use all available tools, including fiscal and monetary policy and structural reforms, to boost global de…
EU clears Marriott’s purchase of Starwood Hotels
BRUSSELS (Reuters) – U.S. hotel chain Marriott International secured EU antitrust approval on Monday for its cash and share purchase of Starwood Hotels and Resorts Worldwide Inc .
