Chipotle proves pricing power belongs to the hip

By Jeffrey Dastin (Reuters) – Corporate America can learn a lot from a chicken burrito. As many companies struggle to boost prices without alienating consumers, they may want to study Mexican-food chain Chipotle, which has managed to do both. Companies including Chipotle Mexican Grill Inc (NYSE:CMG – News), Apple Inc (NasdaqGS:AAPL – News) and PepsiCo […]

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Goldman mortgage deal with federal agency could reach $1.25 billion: source

By Lauren Tara LaCapra NEW YORK (Reuters) – A deal to resolve a U.S. regulator’s claims against Goldman Sachs Group Inc over mortgage-backed securities sold to Fannie Mae and Freddie Mac leading up to the financial crisis could cost the bank between $800 million and $1.25 billion, according to a person familiar with the matter. […]

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Goldman mortgage deal with federal agency could reach $1.25 billion: source

By Lauren Tara LaCapra NEW YORK (Reuters) – A deal to resolve a U.S. regulator’s claims against Goldman Sachs Group Inc over mortgage-backed securities sold to Fannie Mae and Freddie Mac leading up to the financial crisis could cost the bank between $800 million and $1.25 billion, according to a person familiar with the matter. […]

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Why flying may get a whole lot cheaper

Has the airline industry become … sexier? Well, consumers are able to fly roundtrip from Newark to Paris on an all-business-class Boeing 757 if they snag a special fare of $2,014 a couple, on a new airline called La Compagnie. It’s one of a host of new commercial airline startups taking off, according to a […]

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Courts split on Obamacare aid for exchanges

Two U.S. appeals courts reached opposite conclusions on the legality of a key financing provision of the Affordable Care Act, increasing the chances of another showdown at the Supreme Court over President Barack Obama’s signature health-care law. In a 2-1 ruling by a majority of judges appointed by Republican presidents, a U.S. appeals court in […]

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Is Germany still the champion?

By Philip Blenkinsop BRUSSELS (Reuters) – A week on from its World Cup soccer victory, Germany may return to center stage, though this time not with fan celebrations but concerns over the health of Europe’s economic motor. Investors saw dark clouds building on Friday after a Malaysian airlines jet was shot down at the Ukraine-Russia […]

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Don’t be too quick to jump in the safety trade

Fresh evidence detailed by the U.S. suggests it was in fact pro-Russian separatists who fired a Russian-made missile that led to the crash of a Malaysian Airlines jet. While the U.S. said its investigation wasn’t complete, it seems from its findings and those of the Ukrainian government that the separatists were at fault. Heading south […]

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Don’t be too quick to jump in the safety trade

Fresh evidence detailed by the U.S. suggests it was in fact pro-Russian separatists who fired a Russian-made missile that led to the crash of a Malaysian Airlines jet. While the U.S. said its investigation wasn’t complete, it seems from its findings and those of the Ukrainian government that the separatists were at fault. Heading south […]

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Why foreign workers still love the U.S. job market

Many Americans are down on the U.S. job market, since good jobs are still hard to find and a lot of people who do have jobs are earning less than they used to. But America still seems like the promised land to many foreigners. A new study by job-search site Indeed finds that the United […]

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World’s Richest Lose $33 Billion as Slim Plans Breakup

The world’s 300 richest people dropped $33 billion from their collective net worth this week as the Standard Poor’s 500 Index suffered its worst week since April. Bucking the trend was Mexican billionaire Carlos Slim, who added $4.4 billion to his fortune after he announced plans to carve up his telecommunications empire. The billionaire said […]

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