Chipotle faces federal probe tied to norovirus case
Chipotle reported a 30 percent December sales drop amid multiple food scares and disclosed a federal criminal investigation linked to a norovirus outbreak at a Simi Valley restaurant. The probe, by US Attorney for the Central District of California and FDA investigators, follows earlier E coli and Boston norovirus incidents that hurt earnings. The company could not predict penalties or further liabilities and warned it may miss 2016 guidance.
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New York
Chipotle
Simi Valley
California
Boston
US Attorney’s Office
Central District of California
Food and Drug Administration
Office of Criminal Investigations
Securities and Exchange Commission
U.S. Attorney’s Office
FDA
Bill Marler
Union Station
Washington
Deficit outlook amid energy slump cited by state official
The extractive industry slump drags on the economy with declines in personal income tax by 31.4 million and in consumer taxes by 17.5 million. A state analyst warns of prolonged low energy prices and gradual improvements, noting the national economy wobbles due to a soft global market while the dollar strengthens, benefiting imports. Revenue performance trails estimates in most items.
MENTIONED IN THIS ARTICLE
Machow
Muchow
Berwind Lake Wildlife Area Faces Pool Closures and Budget Cuts
Community members worry as pool closures accompany a $1 million budget cut affecting Berwind Lake Wildlife Management Area. Residents cite strong use for fishing camping and hiking while shelters remain in use. a DNR representative will answer questions at Friday’s meeting. Charles Owens at cowens bottonline.com.
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Cempella
Fala
DNR
Berwind Lake
Charles Owens
Cowens
Bottonline
County lags on zoning plan amid Dominion wind farm clash
Tazewell County faces delay as planning commission spent over a year drafting a zoning ordinance. Dominion Energy opposes the plan while proposing a 2600 acre wind turbine project on East River Mountain that could create 150 jobs during construction and bring about 22 million dollars in county tax revenues over 25 years.
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Stacy
Virginia
Tazewell County
Dominion Energy
Dominion
East River Mountain
James R. Tew III
Doninhen Virginls Power
Planning Commission
Bluefield
Bottonline
Stocks slump to two month lows amid oil drop and China worries
U S stocks fell to two month lows as fears of China's slowing economy spread selling. Oil slid to its lowest since 2008 as demand concerns grew. The Dow dropped 252.15 points to 16906.51 while the S&P 500 slipped 26.45 to 1990.26 and the Nasdaq declined 55.67 to 4835.76. Oil and gas majors tumbled with Southwestern Energy and Marathon Oil. Bond prices rose as stocks weakened, with the 10 year yield dropping to 2.17 percent.
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York
U.S
China
North Korea
South Korea
Standard & Poor
New York
Brent
London
Southwestern Energy
Marathon Oil
France
Britain
Prc
Japan
Scott Wren
Wells Fargo Investment Institute
Treasury
J.J. Kinahan
TD. Ameritrade
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