Bloomberg Businessweek (North America)

Briefs: Chipotle’s financial stomachach­e; Yahoo! becomes Yahoo?

- By Kyle Stock

●●" Yahoo! said it’s trimming 15 percent of its workforce and exploring a sale of its long-struggling Web properties as CEO Marissa Mayer’s efforts to spur growth continue to flounder. The company also took a charge of $4.5 billion as it wrote down the value of some of its brands, including the Tumblr blogging platform. Several private equity firms and Verizon Com

munication­s said they would consider a deal. ●● Comcast added 89,000 cable customers in its most recent quarter, its biggest TV boost in eight years. The video giant won the business by improving customer service and offering smaller bundles of channels. ●●q Toyota idled Scion, a sputtering brand intended to appeal to young drivers in the U.S. By September, remaining Scion cars will be sold as Toyotas. Launched in 2003, the brand saw sales peak three years later with 173,000 cars. Last year just 56,200 Scions rolled off lots. ●● Sumner Redstone, 92, resigned as chairman of CBS effective Feb. 2, the media company announced. The ailing mogul will be replaced by Les Moonves, who will remain president and CEO. Redstone’s daughter, Shari Redstone, remains vice chairman. ●● A rash of food- poisoning incidents also sickened Chipotle Mexican Grill’s finances, as the chain said sales at establishe­d restaurant­s slumped almost 15 percent in the recent quarter. Costs increased, too. As Chipotle beefed up pathogen screening and employee training, the operating margin for its average restaurant fell from 26 percent to 19.6 percent.

 ??  ?? Tesla filed for a dealership license in Michigan. Currently, Tesla only operates showrooms, and customers have to order cars online.
Tesla filed for a dealership license in Michigan. Currently, Tesla only operates showrooms, and customers have to order cars online.
 ??  ?? “I have two daughters. They’re both technicall­y very bright. I want them to come into a workplace that’shats a better place than han the way the workplace is today.” —— Intel CEO Brian Krzanich, on his company’s bid d to boost diversity among...
“I have two daughters. They’re both technicall­y very bright. I want them to come into a workplace that’shats a better place than han the way the workplace is today.” —— Intel CEO Brian Krzanich, on his company’s bid d to boost diversity among...

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