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Chipotle CEO to step down to Refocus Company

Chipotle CEO to step down to Refocus Company

Chipotle Mexican Grill (NYSE: CMG) announced on Wednesday that co-founder and CEO, Steve Ells will step down from his CEO positions. Ells will remain as executive chairman, but now the fast food Mexican chain restaurant will begin searching for..

China’s Virtual Reality Market Grows

China’s Virtual Reality Market Grows

Guiyang, China has created the country’s very first virtual reality theme park hoping to increase demand for virtual entertainment. China’s virtual reality market is expected to hit almost $8.5 billion in the next 2 years. This park is 3..

JD.com Shares Rise

JD.com Shares Rise

JD.com (NASDAQ: JD) reported their highest ever quarterly profit of $151 million which is far above analyst forecast of a 213 million yuan loss. This marks a 39% rise in revenue which boosted the firm’s shares compared to a 807.9 million ..

IBM Launches a 50-Qubit Quantum Computer

IBM Launches a 50-Qubit Quantum Computer

On Friday, International Business Machines Corp. (NYSE: IBM) introduced a quantum computer that handles 50 quantum qubits while also making a 20 qubit system as well that will be available through their cloud computing platform.Companies like I..

Apple Possibly Dropping Qualcomm Components

Apple Possibly Dropping Qualcomm Components

Apple Inc. (NASDAQ: AAPL) announced plans to possibly drop chips for iPhones and iPads supplied by Qualcomm Inc. that might take in effect in fall of 2018. This plan followed a change in supply arrangements where QUALCOMM, Inc.(NASDAQ: QCOM) ha..

Coach to Become Tapestry Inc.

Coach to Become Tapestry Inc.

 On Wednesday, Coach Inc. (NYSE: COH) announced plans to change their corporate name to Tapestry Inc. Shares dropped 2% in early trading after the announcement that Tapestry will be the holding company that will house their Coach, Kate Spa..

Southwest Airlines Reports $100 Million Hit from Natural Disasters

Southwest Airlines Reports $100 Million Hit from Natural Disasters

Southwest Airlines Co. (NYSE: LUV) reported that their third quarter sales will take a $100 million hit due to this year’s natural hurricanes and earthquakes resulting in 5,000 cancellation flights through Wednesday.Recently U.S. airlines hav..