Business

Chipotle Faces Criminal Probe Over Norovirus

In the SEC filing, Chipotle said it intends to fully cooperate, though it's unclear at this point what criminal violations or charges might be pursued. It also vowed changes to step up food safety at its restaurants, in part by tweaking its cooking methods and increasing testing of meat and produce. Chipotle spokesman Chris Arnold on Wednesday declined further comment, saying, "we don't discuss details surrounding pending legal action".

Business

Oil extends losses, nears $33 a barrel

That added to concerns about the country's crude oil demand amid a global glut of the commodity. In early trading on Thursday, US benchmark West Texas Intermediate ( WTI ) for February delivery was down 88 cents, or 2.59 percent, at $33.09 (30.4 euros) - the lowest since touching $32.40 in December 2008 during the global financial crisis.

Business

Saudi Arabia could buy nuclear weapons from Pakistan: US Senator Ron Johnson

The row between Saudi Arabia, the main Sunni power, and Shia-dominated Iran erupted following Riyadh's execution on Saturday of prominent Shia cleric and activist Sheikh Nimr al-Nimr. Annual imports from Saudi Arabia - mainly packing materials and textiles - total about $60 million a year. Tehran is also reportedly backing the Houthis rebels in Yemen, while Saudi Arabia is leading a Sunni coalition in airstrikes seeking to restore control of the country for President Abed Rabbo Mansour ...

Business

Oculus Rift VR headset priced at USA $599

The device is now available for pre-order at $599, and will be shipped across the globe at the end of March. Oculus VR , the company behind the new virtual reality gaming headset Oculus Rift , has officially started taking preorders, promising to give users a glimpse into the future.

Business

Saudi-Iranian row not yet cause for alarm

The row has raised fears of a rise in sectarian tensions in the region that could halt efforts to resolve important issues including the wars in Syria and Yemen. Iran has disowned the attack on the Saudi Arabian embassy, Reuters reports and has suggested that foreigners may have been responsible. It wasn't immediately clear how the Kuwait-Iran diplomatic ties would be affected by the move.

Business

Chinese stocks dive seven percent, trading halted

Earlier on Thursday, China's stock markets were suspended for the day less than half an hour after the open as the mechanism was tripped for the second time this week. The Shenzhen Composite Index for China's 2nd smaller stock exchange slumped eight.three % to 1,955.88. Stock markets this morning were also helped by statements from at least 30 companies saying their controlling shareholders or senior executives would not sell shares on the secondary market within the next six or 12 months.