Josh Bassett

How One Tweet May Have Caused Chipotle’s Stock To Sink

Over the past several months, Chipotle has worked to rebuild its reputation, sales, and stock figures after enduring several high-profile outbreaks of E. coli and norovirus. All of those efforts may have been undone, however, with one simple Tweet alleging that the burrito chain may be responsible for sending a New York City customer to the hospital. [More]

Great Beyond

Hostess Going Public After Bounce Back From Bankruptcy

Is having a box of Twinkies, Ho Hos, or Ding Dongs in the pantry not quite adequate in showing your love for Hostess? If that’s the case, you can have an actual piece of the company, as formerly bankrupt Hostess Brands announced Tuesday that it had reached a deal to take the snack maker public. [More]

You Starbucks haters out there can rejoice, because the company just posted its first quarterly loss EVAR “of $6.7 million, or 1 cent per share, compared with a year-earlier net profit of $158.3 million, or 21 cents per share.” Store closures and restructuring are to blame, as well as the fact that nobody can afford anything anymore. [Reuters]

Colgate-Palmolive has reported a 19% increase in quarterly profits, and says it’s partially due to price increases (but also greater volume sales and a weak dollar). [Reuters]