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☆ Kmart shoppers bid a wistful farewell to the last outpost of a once-beloved ‘mainstay’
▼ + stars: | 2024-10-19 | by ( Chris Isidore | ) edition.cnn.com time to read: +9 min

The demise of a former trendsetterThe Bridgehampton store opened in 1999, taking the place of a former regional discount store, Caldor. When the retailer emerged from bankruptcy it still had 231 Sears and 191 Kmart stores, but those were also almost all doomed. A worker pushes a cart through the empty section in the Bridgehampton Kmart the size of a football field. Laura Oliverio/CNNSeth and Victoria Black say they will miss the Bridgehampton KMart when it closes for good this weekend. The demise of the chain, and the Bridgehampton store, brought back memories for the shoppers this week.

Persons: Shahlise Cherry, Deborah Arnone, It’s, she’d, Cherry, “, what’s, Laura Oliverio, CNN Shahlise Cherry, ”, “ We’d, Sebastian Spering Kresge, Eddie Lampert, Lampert, CNN Jessica Cohan, CNN Bridgehampton, Sarah Bullock, Bullock, CNN Seth, Victoria Black, Victoria, CNN “, Jessica Cohan, Lucas, Smoky Joe, Seth Black Organizations: NY CNN, Kmart, RadioShack, Sears, Shoppers, CNN, Walmart, Sports Authority, Borders, Long, Target, Hamptons, KMart, Victoria Black Locations: NY, America, United States, Bridgehampton , New York, retailing’s, Miami, Virgin Islands, Guam, Detroit, Long, Riverhead, ”, Smoky

☆ These are the 10 dirtiest cruise ships, according to the CDC — including an ultra-luxury vessel
▼ + stars: | 2024-10-12 | by ( Brittany Chang | ) www.businessinsider.com time to read: +6 min

The CDC randomly inspects and scores cruise ships to prevent the spread of stomach viruses. The 11 dirtiest ships this year so far scored 89 or less, including one that received 62 points. For cruise ships, scoring an 85 out of 100 on the Centers for Disease Control and Prevention's Vessel Sanitation Program review is considered a failure. The CDC has reported 10 bacterial and viral outbreaks on cruise ships since the start of 2024. The CDC checks cruise ships for details such as how frequently the pool's hair and lint strainer is disinfected.

Persons: —, Sergi Reboredo, Brittany Chang, Jens Büttner, Lloyd Organizations: CDC, Service, Centers for Disease Control, Getty, Cruises, Seas, Caribbean International, Expeditions, Magnifica, MSC Cruises, — Ritz, Carlton, Lloyd Cruises, MSC Seaside, Rederij, Hanseatic, Getty Images, Sanitation, MSC, Lindblad Expeditions, Ritz Locations: norovirus, Hanseatic, Amsterdam, Royal Caribbean

☆ Chipotle's prices vary across the US. Here's how to see the difference.
▼ + stars: | 2024-10-10 | by ( Alex Bitter | ) www.businessinsider.com time to read: +5 min

One patron pulled pricing data and found some wide differences between Chipotle locations. It shows that the same meal can cost up to 40% more at some Chipotle locations than others. "Me and my friends loved going to Chipotle," Cohen said. It's common for prices to vary at US restaurants depending on the cost of living where they're situated. A five-minute drive away, another Chipotle location was charging $10.95 for the same order when Cohen pulled the data.

Persons: Chipotle, —, Adam Cohen, Cohen, — Cohen, Chicken Al Pastor, Adam Cohen Adam Cohen Cohen, chipotlecost.com, I've Organizations: Service, Binghamton University, East, Taco, Purdue University, West Lafayette Chipotle Locations: New York, —, West Lafayette , Indiana, The Bronx, New York City, West Lafayette, Brea , California, West Coasts, Los Angeles, San Francisco, Ohio, Oklahoma, taconomical.com, Taco Bell, Indiana, West, Chipotle

☆ I tried Ina Garten's recipe for New York strip steaks. The tender, juicy cuts of meat were some of the best I've ever had.
▼ + stars: | 2024-10-10 | by ( Terri Peters | ) www.businessinsider.com time to read: +1 min

I tried making Ina Garten's recipe for New York strip steaks on my charcoal grill. I'd definitely try Garten's unique steak-grilling method again. Recently, I tried Garten's method for grilling New York strip steaks — a very specific way of cooking the thick cuts of meat that resulted in some of the most delicious steaks I've ever made at home. AdvertisementSo, I was excited to try out Garten's grilled New York strip steak recipe, which cost me just under $30 to make. Here's what it was like to try Garten's recipe at home.

Persons: Ina Garten's, I'd, —, I've, Ina Organizations: Service, Food, US Foods Locations: New York

I’ll frequently update this list leading up to October’s Prime Day sale on Oct. 8 and 9. SKIP AHEAD Best early Prime Day deals | More early Prime Day sales | Best sales at other retailers | How I picked the best early Prime Day deals | Why trust NBC Select? Best early Prime Day kitchen deals4.3-star average rating from 68,314 reviews on AmazonThis microwave popcorn maker is one of my favorite kitchen gadgets. Best early Prime Day salesHere are the best early Prime Day sales to know about. Best sales at other retailersHow I found the best early Prime Day dealsAll of my recommendations above are based on NBC Select’s previous coverage and reporting.

Persons: I’ve, I’ll, It’s, petrolatum, You’ll, it’s, you’re, —, popper, fryer, Lindsay Schneider, TikTok Organizations: NBC, October’s, Alexa Voice, Amazon, Bluetooth, Wellness, Bath, Giftable Tech, Deal, Facebook, Twitter Locations: California

☆ Starbucks' new CEO wants people to hang out in stores, but some workers say his plan has a big problem
▼ + stars: | 2024-10-03 | by ( Alex Bitter | ) www.businessinsider.com time to read: +7 min

Workers say they're struggling with mobile ordersEven former Starbucks CEO Howard Schultz said in a May LinkedIn post that current Starbucks leadership should "reinvent the mobile ordering and payment platform." "We believe a visit to Starbucks should be effortless and delightful, whether ordering through the Starbucks app or at our stores." Still, some workers — whom the company calls "partners" — have pointed to issues with the mobile ordering system in interviews with BI. Starbucks' rewards program is a big driver of all those digital orders, a partner at a Starbucks store in South Dakota told BI. "They deserve to have that moment where things are corrected and they're leaving happy, but we can't deliver on it always," the partner told BI.

Persons: Brian Niccol, —, Hottovy, Howard Schultz, Niccol Organizations: Starbucks, Business, Service, Workers, LinkedIn, BI Locations: North Carolina, South Dakota, Florida

Persons: I’ve, I’ll, It’s, petrolatum, popper, fryer, Lindsay Schneider, TikTok Organizations: Deal, NBC, October’s, Alexa Voice, Amazon, Bluetooth, Wellness, Bath, Giftable Tech, Facebook, Twitter Locations: California

☆ North Carolina: Communities are coming together to rebuild after Hurricane Helene
▼ + stars: | 2024-09-30 | by ( Dianne Gallagher | Michelle Watson | ) edition.cnn.com time to read: +8 min

“My parents live in an absolute gem of the North Carolina mountains,” Perkins said in a post about his experience. “I have never been so relieved to see anyone OK,” Perkins told CNN, adding his parents are in their 70s, but pretty resourceful people. The couple and their dog were forced to climb onto their neighbor’s roof for safety, Jim Bourdy told CNN Sunday. Meredith Keisler during an interview in Asheville, North Carolina, on September 29. Asheville is a strong community.”Coleman speaks during an interview in Asheville, North Carolina, on September 29.

Persons: Hurricane Helene, Sam Perkins, “, ” Perkins, “ Little, Helene, Roy Cooper, Cooper, Perkins, ’, ”, I’ve, McDowell, Jim, Allie Bourdy, Jim Bourdy, Bourdy, Piper, ” Bourdy, Meredith Keisler, CNN Bourdy, “ I’ve, ” Keisler, Michelle Coleman, she’s, ” Coleman, CNN Gary O’Dell, he’s, ” O’Dell, There’s, we’ve, O’Dell, Lucy Tavernier, it’s, Tavernier Organizations: CNN, “, North, Gov, Southern Hospitality, Department of Transportation, Village, Asheville Dream, CNN Sunday Locations: Hurricane, North Carolina, Pine, Little Switzerland, Asheville, United States, Buncombe County, Buncombe, McDowell County, “, Asheville , North Carolina, Vietnam, East Asheville, ”

☆ Hurricane Helene: Now comes the hard work of recovering
▼ + stars: | 2024-09-29 | by ( Steve Almasy | ) edition.cnn.com time to read: +18 min

Kathleen Flynn/Reuters Boats displaced by Hurricane Helene sit in front of homes in Treasure Island, Florida, on Saturday. Joe Raedle/Getty Images Hurricane Helene is seen in a satellite photo Thursday afternoon. He was briefed Sunday by Federal Emergency Management Agency Administrator Deanne Criswell and Homeland Security Adviser Liz Sherwood-Randall on recovery efforts from Hurricane Helene. Heavy rains from hurricane Helene caused record flooding and damage on September 28 in Asheville, North Carolina. Workers clear Cane Creek Road in the aftermath of Hurricane Helene on September 29 in Fairview, North Carolina.

Persons: Joe Biden, “, Meredith Keisler, Keisler, ”, Krista Cortright, Cortright, ” Cortright, Hurricane Helene, Gerald Herbert, Melissa Sue Gerrits, Sean Rayford, Elmira Glover, Kathleen Flynn, Helene, Joe Raedle, Marco Bello, Jonathan Drake, John Falchetto, Cassandra Randall, Jessica Downey, Greg Lovett, Hailey Morgan, Phelan M, Megan Varner, Sarah Cribbins, Michael, Luis Santana, Miguel J, Rodriguez Carrillo, Richard Burkhart, Mike Carlson, Mike Stewart, Candice Ocvil, Jibri Tolen, Erik S, Cristobal Herrera, Candace Redwine, Guy Ford, George G, Tapper, Ricardo Arduengo, Joe Burbank, Carol Poulson, Andrew West, Cynthia Centeno, Reuters Charles Starling, Stephen M, Dowell, Chandan Khanna, Thomas Simonetti, Pete Beach, Ramon Espinosa, Paola Chiomante, Michael Callahan, Duke, ” Callahan, –, Avril Pinder, Craig Fugate, William Ray, ” Fugate, ” Cooper, Biden, Brian Kemp, Roy Cooper, Deanne Criswell, Liz Sherwood, Randall, Criswell, Donald Trump, ” Trump, “ It’s, It’s, Ken Graham, Esther Manheimer, ” Manheimer, Michelle Coleman, CNN she’s, Coleman, ” Coleman, Gary O’Dell, he’s, I’ve, ” CNN’s Robert Shackelford, Sarah Dewberry, Rafael Romo, Jade Gordon, Ashley R, Williams, DJ Judd, Sunlen Serfaty, Lauren Mascarenhas, Eric Levenson, Isabel Rosales, Taylor Galgano, Sara Smart, Conor Powell, Caroll Alvarado, Caroline Jaime, Emma Tucker, Artemis Moshtaghian, Afshar, Raja Razek Organizations: CNN, White House, ” Workers, Hurricane, Getty, Reuters, USA, Tampa Bay Times, AP, AFP, East, Savannah Morning, United States Coast Guard, Walt Disney, Orlando Sentinel, Tribune, Service, Fairview Middle School, Fishel, State Emergency Operations Center, Washington Post, NOAA, Buncombe County , North Carolina –, Emergency, ”, Sunday, Georgia Gov, North Carolina Gov, Federal Emergency Management, Homeland, Weather, National Weather Service, Workers, WLOS, Asheville Dream Center Locations: North Carolina, South Carolina, Georgia, Florida, Tennessee, Virginia, Carolinas, Asheville, Marion, Western North Carolina, Hurricane, Steinhatchee , Florida, , North Carolina, Asheville , North Carolina, Treasure Island , Florida, Horseshoe Beach , Florida, Boone , North Carolina, Valdosta , Georgia, AFP, Laurel, Vilas , North Carolina, Crystal River , Florida, Peachtree Creek, Atlanta, , Florida, Savannah , Georgia, Savannah, Shore, St . Petersburg , Florida, Key , Florida, Tarpon Springs , Florida, Watauga, Sugar Grove , North Carolina, Port Saint Joe , Florida, Bay Lake , Florida, Fort Myers Beach , Florida, Tallahassee, Leon County , Florida, Eastpoint , Florida, Villages, Tallahassee , Florida, Gulfport , Florida, St, Cross City , Florida, Guanimar, Artemisa province, Cuba, Panacea , Florida, Puerto Juarez, Cancun, Mexico, Clearwater , Florida, Buncombe County , North Carolina, ”, Washington, North Carolina , Tennessee, Rehoboth Beach , Delaware, Florida , Georgia, Alabama, Bend, Alabama , Tennessee, Erie , Pennsylvania, West Virginia, Kentucky, Baltimore, Fairview , North Carolina, Vietnam

☆ ‘The life that we built here is gone’: Helene devastated western North Carolina. Communities are coming together to rebuild
▼ + stars: | 2024-09-29 | by ( Dianne Gallagher | Michelle Watson | ) edition.cnn.com time to read: +8 min

“I have never been so relieved to see anyone OK,” Perkins told CNN, adding his parents are in their 70s, but pretty resourceful people. The couple and their dog were forced to climb onto their neighbor’s roof for safety, Jim Bourdy told CNN Sunday. Meredith Keisler during an interview in Asheville, North Carolina, on September 29. Michelle Coleman, the executive director of a religious outreach organization called Asheville Dream Center, told CNN that she’s never seen Asheville in this state before. Asheville is a strong community.”Coleman speaks during an interview in Asheville, North Carolina, on September 29.

Persons: Hurricane Helene, Sam Perkins, “, ” Perkins, “ Little, Helene, Roy Cooper, Cooper, Perkins, ’, ”, I’ve, McDowell, Jim, Allie Bourdy, Jim Bourdy, Bourdy, Piper, ” Bourdy, Meredith Keisler, CNN Bourdy, “ I’ve, ” Keisler, Michelle Coleman, she’s, ” Coleman, CNN Gary O’Dell, he’s, ” O’Dell, There’s, we’ve, O’Dell, Lucy Tavernier, it’s, Tavernier Organizations: CNN, “, North, Gov, Southern Hospitality, Department of Transportation, Village, Asheville Dream, CNN Sunday Locations: Hurricane, North Carolina, Pine, Little Switzerland, Asheville, United States, Buncombe County, McDowell County, “, Asheville , North Carolina, Vietnam, East Asheville, ”

Susan Grant, 63, whose home in Steinhatchee was damaged by Hurricane Helene. Daniella Silva / NBC NewsWhile thankful she still had a home to return to, her longtime workplace and local landmark, Crabbie Dad's Bar & Grill, was flattened to the ground. It’s sad that we’ve had to endure this much in one year.”A scene of devastation in Steinhatchee, Fla., on Friday. Daniella Silva / NBC NewsThe street in front of Gary Keen’s house was unrecognizable Friday after the surge retreated, leaving behind layers of branches, seaweed and other plant debris. A scene of devastation at Roy’s restaurant in Steinhatchee, Fla., on Friday.

Persons: Hurricane Helene, we’ve, ”, Susan Grant, Daniella Silva, ” Grant, Helene, Grant, Idalia, they’ve, it’s, Gary Keen’s, Keen, “ I’m, Paul Nawlin, Ron Bloom, First Baptist Church Steinhatchee, Hurricane Idalia, “, they’re, Alicia Victoria Lozano Organizations: — Residents, NBC, National Hurricane Center, First Baptist Church Locations: Fla, Hurricane, Steinhatchee, Florida, Roy’s, Los Angeles

☆ My husband and I spent $275 at Fleming's Steakhouse. The pricey restaurant was better suited for business dinners than date nights.
▼ + stars: | 2024-09-27 | by ( Andrea Mchugh | ) www.businessinsider.com time to read: +1 min

My husband and I visited Fleming's Prime Steakhouse and Wine Bar for a date night. Most of our food was delicious, but at $275, we didn't feel our meal was worth the high price tag. Sign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . So, for a recent date night, my husband and I went to Fleming's Prime Steakhouse and Wine Bar.

Persons: — Organizations: Service, Fleming's, Wine, Omni, Bloomin, Inc, Outback Locations: ribeye, Los Angeles, Dallas, Nashville, Atlanta, Providence , Rhode Island, California

☆ Why analysts are calling Cava the next Chipotle
▼ + stars: | 2024-09-27 | by ( Natalie Rice | ) www.cnbc.com time to read: +2 min

Fast-casual Mediterranean chain Cava has had an impressive year since going public in June 2023. Now, Wall Street analysts see shades of another fast-casual success story: Chipotle Mexican Grill . In its most recent results for the second quarter of 2024, Cava bucked industry trends by posting same-store sales growth of 14.4% and traffic growth of 9.5%. Cava Group co-founder and CEO Brett Schulman has said its prices increased 15% between 2019 and 2024. "You hear a lot about the value wars lately.

Persons: Nick Setyan, Brett Schulman, Schulman, That's, Cava, Chipotle Organizations: Wall Street, Wedbush Securities, Cava Group Locations: Cava, Chipotle

☆ New Starbucks CEO Brian Niccol commits to working with union as talks move forward
▼ + stars: | 2024-09-25 | by ( Amelia Lucas | ) www.cnbc.com time to read: +2 min

Starbucks CEO Brian Niccol said the coffee chain is committed to bargaining in good faith with the union that represents many of its baristas, as the two sides work to craft a labor deal. He was responding to a letter from the Starbucks Workers United bargaining delegation sent a day earlier, ahead of another bargaining session between Starbucks and the union. Three years ago, Starbucks baristas started unionizing under Workers United, an affiliate of the Service Employees International Union. Niccol joined Starbucks several weeks ago, making him a newcomer to the union discussions. Today, Workers United represents more than 490 of Starbucks' U.S. cafes and more than 10,500 of its employees.

Persons: Brian Niccol, Niccol, Starbucks baristas, Chipotle Organizations: CNBC, Starbucks Workers United, Starbucks, Workers United, Service Employees International Union, burrito Locations: Lansing , Michigan, Augusta , Maine, U.S

☆ We dreamed of spending our retirement on epic road trips. After buying an RV backfired, we made a better plan.
▼ + stars: | 2024-09-23 | by ( Marie L. Mangin | ) www.businessinsider.com time to read: +4 min

Read previewMy husband and I had always talked about getting a camper van and taking it on epic road trips after we retired. We were at a car show and spotted a compact, camper van from the '90s that was well within our budget. Even so, the costs of upkeep went up as we added more mileage to the camper van. And, after doing some math, we realized we don't need a camper van to do the road trips we dreamed of. AdvertisementHopefully, our camper van suits the new owners better than it did us — and maybe we'll cross paths on the road sometime.

Persons: —, van, Marie L Mangin, we're, We'll Organizations: Service, Business

☆ 3 underrated dishes you should order at a Korean barbecue restaurant, according to a top Korean chef
▼ + stars: | 2024-09-20 | by ( Anneta Konstantinides | ) www.businessinsider.com time to read: +3 min

Read previewThere are classic Korean barbecue dishes that everyone knows and loves, from the ribeye and short rib meats to traditional banchan like japchae and kimchi. AdvertisementOrder pork jowl over pork bellyKim said Baekjeong helped introduce pork jowl to the Korean barbecue market. AdvertisementNever skip on outside skirt steakKim said outside skirt steak is one of his favorite cuts of beef at KBBQ. "And short rib is the king of Korean barbecue, so I also always order short rib." Courtesy of BaekjeongA great Korean barbecue meal typically ends with a cold noodle soup, according to Kim.

Persons: —, Chef Samuel Kim, Kim, Baekjeong, That's Organizations: Service, Business Locations: Baekjeong

AdvertisementHow to clean a window AC unitYou should clean your window air conditioner thoroughly at least once a year. AdvertisementHow to clean a window AC unit with moldDrago recommended a deep clean of your window AC unit if you discover mold, performing all of the abovementioned steps. AdvertisementHow to clean a window AC unit without removing itThe safest way to thoroughly clean your window air conditioner is to remove it from the window, but that's not always possible. Insider's takeawayCleaning your window air conditioner will extend its lifespan, ensure it functions properly, and save you money in energy costs. Consider a few of the picks from our best air conditioner guide:Midea U Inverter Window Air Conditioner (MAW08V1QWT) The Midea U Inverter Window Air Conditioner features a unique design that allows you to open the window when it's installed, and it's one of two ACs to earn Energy Star Most Efficient Certification.

Persons: Ray Bramble, Vincent Drago, James Brains, Drago, Bramble, you've, that's, it's Organizations: King, Energy, Amazon Locations: Aire, Central Shenandoah Valley, Westchester County , New York

☆ New Starbucks CEO Brian Niccol outlines priorities to end coffee chain's slump
▼ + stars: | 2024-09-10 | by ( Amelia Lucas | ) www.cnbc.com time to read: +2 min

In some places — especially in the U.S. — we aren't always delivering," Niccol wrote in the open letter addressed to customers, employees and stakeholders. Niccol, who calls himself a long-time Starbucks customer, outlined four areas for improvement: the barista experience, morning service, its cafes and the company's branding. "This is our plan for the U.S., and where I need to focus my time initially," Niccol wrote in the letter. Later, Niccol plans to address its international business, like China, its second-largest market. The coffee giant named Niccol as chief executive in August, in conjunction with the company's ouster of then-CEO Laxman Narasimhan.

Persons: Brian Niccol, Niccol, We're, Laxman Narasimhan, shakeup, he's Organizations: U.S, Starbucks Locations: U.S, China, Gaza

☆ Cuomo expresses sympathy for Covid-19 victims, criticizes Trump’s pandemic response in contentious hearing
▼ + stars: | 2024-09-10 | by ( Clare Foran | Gloria Pazmino | ) edition.cnn.com time to read: +10 min

The hearing focused in on nursing home deaths and a controversial March 2020 directive from the New York State Department of Health on hospital discharges and nursing home admissions. “You own this,” Republican Rep. Brad Wenstrup of Ohio, chairman of the subcommittee, told Cuomo at the outset of the hearing. The former governor has defended his handling of the pandemic, saying that the state followed federal guidelines. New York State Attorney General Letitia James issued a report in 2021 finding that the New York State Department of Health undercounted Covid-19 deaths among nursing home residents by approximately 50%. The New York health department undercounted the number of Covid-19 deaths in nursing homes by thousands during Cuomo’s time in office, an audit conducted by state officials found in 2022.

Persons: Andrew Cuomo, Donald Trump’s, Cuomo, ” Cuomo, Brad Wenstrup of, Raul Ruiz, “, Gov . Cuomo, Nicole Malliotakis, “ you’ve, you’ve, That’s, Wenstrup, Kathy Hochul’s, Hochul, ” Wenstrup, Avi Small, ”, Anthony Fauci, Azzopardi, Letitia James, New York State Department of Health undercounted, Critics, Kathy Hochul, James ’, CNN’s Paul LeBlanc, Annie Grayer, Piper Hudspeth Blackburn Organizations: CNN, Former New York Gov, GOP, Trump, Democrat, New York State Department of Health, Republicans, ” Republican, Gov, New, New York Republican, ”, Centers, Medicare, Services, US Centers for Disease Control, Department of Health, National Institute of Allergy, New York, Department of Justice, New York State Assembly, New York Gov Locations: Brad Wenstrup of Ohio, New York, New York City, York, Manhattan

☆ I spent $50 at Aldi to host a barbecue for 4 people. My budget got us plenty of meat and sides, plus a case of beer.
▼ + stars: | 2024-08-24 | by ( Joe Opaleski | ) www.businessinsider.com time to read: +1 min

I wanted to host a barbecue for four people, so I went to Aldi with a $50 budget. Go to newsletter preferences Thanks for signing up! download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . We had plenty of brats, burgers, and beers and complemented our proteins with a delicious array of sides and condiments. This story is available exclusively to Business Insider subscribers.

Persons: — Organizations: Aldi, Service, Business Locations: Buffalo

☆ Stocks making the biggest moves midday: Starbucks, Chipotle, Home Depot, Tencent and more
▼ + stars: | 2024-08-13 | by ( Sarah Min | ) www.cnbc.com time to read: +3 min

Starbucks , Chipotle Mexican Grill — Starbucks stock shot up 21% after the coffee chain ousted CEO Laxman Narasimhan effective immediately and replaced him with Chipotle CEO Brian Niccol, who will step in Sept 9. Three Wall Street firms already upgraded Starbucks stock after the news. Revenue of 567.7 million Swiss francs topped the 562.1 million expected by analysts polled by StreetAccount. The filings showed that the shareholders, including the Ontario Teachers' Pension Plan Board, were working with Morgan Stanley to sell a total of about 11 million shares of ViaSat. Rumble — Shares advanced more than 5% after the video sharing company's second-quarter results beat expectations on the top and bottom lines.

Persons: Laxman Narasimhan, Brian Niccol, Morgan Stanley, Carlyle, Riley, — CNBC's Sean Conlon, Michelle Fox, Alex Harring, Hakyung Kim, Jesse Pound Organizations: Starbucks, Home Depot, Depot, Dell Technologies, Barclays, Entertainment, Mobile, Citigroup, StreetAccount, ViaSat, Ontario, Board, Garden, Madison, Garden Sports, Baxter, Baxter International, Riley, SEC Locations: China, FactSet, Madison

☆ What needs to happen to keep the market comeback going — plus, our new Starbucks price target
▼ + stars: | 2024-08-13 | by ( Jeff Marks | ) www.cnbc.com time to read: +4 min

New PT for Starbucks: The standout in the market Tuesday is Starbucks , which is up 22%. The announcement is also winning over Wall Street, with three firms already upgrading their rating on Starbucks' stock to a buy or buy-equivalent. As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade. THE ABOVE INVESTING CLUB INFORMATION IS SUBJECT TO OUR TERMS AND CONDITIONS AND PRIVACY POLICY , TOGETHER WITH OUR DISCLAIMER . NO FIDUCIARY OBLIGATION OR DUTY EXISTS, OR IS CREATED, BY VIRTUE OF YOUR RECEIPT OF ANY INFORMATION PROVIDED IN CONNECTION WITH THE INVESTING CLUB.

Persons: Jim Cramer, Stocks, Laxman Narasimhan, Brian Niccol, Baird, Piper Sandler, " Cowen, Brinker, Jim Cramer's, Jim Organizations: CNBC, New, Starbucks, Wall, Bar, Brinker International, Cardinal Health, Jim Cramer's Charitable

☆ Who Is Brian Niccol, the Incoming Starbucks C.E.O. From Chipotle?
▼ + stars: | 2024-08-13 | by ( Danielle Kaye | ) www.nytimes.com time to read: +1 min

Starbucks unveiled an abrupt leadership change on Tuesday: Brian Niccol, a high-profile name in the restaurant industry, is taking the reins, after months of weak sales at the coffee giant and a falling stock price. Mr. Niccol will step in as chief executive next month, replacing Laxman Narasimhan, whose relatively brief stint in the top job at Starbucks began in March last year. The company’s chief financial officer, Rachel Ruggeri, will serve as interim chief executive until Mr. Niccol officially joins the company on Sept. 9. Mr. Niccol is coming off of six years at the helm of Chipotle Mexican Grill — a period that saw the fast-casual burrito chain nearly double its sales. The company’s stock price has increased about 800 percent since he took over in early 2018.

Persons: Brian Niccol, Niccol, Laxman Narasimhan, Rachel Ruggeri, Chipotle Organizations: Starbucks

☆ Starbucks Names Chipotle Boss as New C.E.O.
▼ + stars: | 2024-08-13 | by ( Danielle Kaye | More About Danielle Kaye | ) www.nytimes.com time to read: +1 min

The chief executive of Chipotle Mexican Grill is moving over to Starbucks, the coffee chain announced on Tuesday. Brian Niccol, who has held the top position at Chipotle since 2018, will take the helm of Starbucks next month, the company said. He will replace Laxman Narasimhan, whose relatively brief tenure began in March last year, when he became the first chief executive to come from outside the company. Mr. Niccol’s career also includes a stint as chief executive of Taco Bell. Mr. Narasimhan will step down as chief executive and board director immediately, with the chief financial officer Rachel Ruggeri stepping in as interim chief executive until Sept. 9.

Persons: Brian Niccol, Laxman Narasimhan, Niccol’s, Narasimhan, Rachel Ruggeri Organizations: Starbucks, Taco Bell Locations: Chipotle, United States, China

☆ Starbucks is betting big that Chipotle's CEO can make it special again. He'll have his work cut out for him.
▼ + stars: | 2024-08-13 | by ( Alex Bitter | ) www.businessinsider.com time to read: +5 min

Laxman Narasimhan, Starbucks' current CEO, will step down effective immediately from his roles as CEO and a member of Starbucks' board of directors, the company said. In his tenure at Chipotle, Niccol made several changes. He also oversaw an expansion of Chipotle's online-ordering options just before delivery and pickup became essential to the restaurant business early in the pandemic. The road ahead at StarbucksAt Starbucks, Niccol will face some challenges similar to those he took on at Chipotle. AdvertisementStarbucks sales have also fallen lately in China, which is home to nearly one-fifth of all the chain's stores.

Persons: —, Brian Niccol, Niccol, Laxman Narasimhan, Elliott, Chipotle, Brian, Melody Hobson, Peter Saleh, Saleh Organizations: Service, Starbucks, Business, Street, Elliott Investment Management, Taco Bell's, Wall Street, Analytical Research Locations: Chipotle, Denver, Orange County , California, China

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