Chipotle Adds Another Pizzeria To Its Empire

Chipotle is expanding its new pizzeria chain eastward, a sign that the fast-food giant has national ambitions for pizza.

The company said Thursday that it plans to open a Pizzeria Locale in Kansas City, Missouri, later this year. This will be Chipotle's first pizza eatery outside Colorado, where it already operates two Pizzeria Locales.

“If this was just a side project, they’d do a couple more of these in Colorado,” Aaron Allen, founder of restaurant consultancy Aaron Allen & Associates, told The Huffington Post. “We expect to see a whole lot more opening in a short period of time.”

The announcement of the Kansas City parlor comes just months after Chipotle opened its second Pizzeria Locale in its home base of Denver. Chris Arnold, a spokesman for Chipotle, told HuffPost it was “too soon to know” when the new restaurant would begin serving customers. He said there are no currently plans to expand to other cities.

Chipotle makes its pizzas pretty much the same way it makes burritos. Customers select fresh ingredients and toppings from a buffet, and line chefs slide the doughy pizzas into a specially designed oven built to cook them in just two minutes. Diners then seat themselves.

Fast-casual restaurants such as Chipotle and Panera have trounced traditional fast-food giants in recent years, attracting customers willing to pay a little more for simple, streamlined menus, customizable meals and higher-quality ingredients. Restaurants mimicking the format have proliferated over the last few years, applying it to cuisines ranging from Pakistani to sushi.

Chipotle's stock (blue) has skyrocketed as fast-food rivals such as Yum! Brands (indigo), Wendy's (green), Burger King (yellow) and McDonald's (red) stagnate.

Even Chipotle -- the juggernaut of the fast-casual category -- has opened its own copycats. Besides Pizzeria Locale, the company operates 10 Southeast Asian-style eateries, called ShopHouse, in the Los Angeles and Washington, D.C., areas.

“Both Pizzeria Locale and ShopHouse are on faster growth trajectories right now than Chipotle was in the beginning,” Arnold told the HuffPost.

U.S. pizza sales topped $37 billion in 2013, according to an annual report by PMQ Pizza Magazine. And 34 percent of diners polled in 2012 by the research firm Technomic said they would pay more for gourmet ingredients, up from 26 percent in 2010.

“Pizza is far more popular than even Mexican,” Allen said. “This can be an absolute goldmine.”

Fast-food behemoths have taken note of Chipotle's success. McDonald’s, whose chief executive announced this week he will step down amid anemic sales, is slimming down its menu in hopes of making it more simple. Yum! Brands -- the parent company of Taco Bell, KFC and Pizza Hut -- opened Banh Shop, a Vietnamese street-food chain in Dallas in September. To more directly take on Chipotle, the company also launched U.S. Taco Co., an upscale taqueria, in Huntington Beach, California, in August.

What Makes Bill Gates Feel 'Stupid'

Bill Gates’ big regret in life isn’t Clippy. Or Microsoft’s failed MP3 player, the Zune. Or Comic Sans.

It’s that he speaks only English.

During a Reddit "Ask Me Anything" session on Wednesday, the Microsoft founder said he wants to learn another language.

“I feel pretty stupid that I don’t know any foreign languages,” Gates, who runs the philanthropic Bill and Melinda Gates Foundation, wrote in the third such Q&A he has done on Reddit. “I took Latin and Greek in high school and got A’s and I guess it helps my vocabulary but I wish I knew French or Arabic or Chinese.”

He said he was impressed by Facebook CEO Mark Zuckerberg, who conducted a Q&A with students in China last October completely in Mandarin, a language he began studying in recent years. Gates called the move “incredible.”

“I keep hoping to get time to study one of these -- probably French because it is the easiest,” wrote Gates, ranked by Forbes as the world’s richest man. “I did Duolingo for awhile but didn’t keep it up.”

As a billionaire endeavoring to become bilingual, Gates is in good company. Former New York City Mayor Michael Bloomberg -- now back at the helm of his eponymous media and financial data company -- has been studying Spanish for years. According to a profile published Tuesday in The New York Times, he continues his lessons in a designated conference room at Bloomberg headquarters.

A 2009 poll from employment agency Korn/Ferry International found that 31 percent of executives speak two languages, and about 20 percent speak three.

This CEO Fought For Better Wages At His Company. Guess What Happened.

Mark Bertolini, CEO of Aetna, explained how he increased wages for his workers, arguing that taking better care of his employees would in turn lead to better care for Aetna's customers.

Bertolini told HuffPost Live at Davos his company increased wages and adjusted benefits in order to give its employees a better quality of life.

"Not everybody should be at $16 an hour, there may be people who need to be higher," Bertolini said, noting people's lifestyles are directly impacted by how they are paid.

Bertolini's company also implemented yoga and mindfulness practices at work and studied the effect they had on the employees.

"After we completed the [yoga] course, the results were amazing," Bertolini said, saying in addition to weight loss and happier workers, there was an increase in productivity by 69 minutes a month.

"We think it's about a $3,000 a year savings," Bertolini said, noting his company's health care costs actually went down after implementing mindfulness practices.

Below, live updates from the 2015 Davos Annual Meeting:

live blog

Oldest Newest Share + Today 8:58 AM ESTMcAfee On Evolution And Technology

"Evolution has wired us; we have social drives," McAfee said.

"Could there be a piece of technology that figures out an intelligent next question to ask somebody? Yeah," McAfee said.

Share this: Tweet Share tumblr Share + Today 8:57 AM EST'Making Workers Obsolete'

"For 200 years of industrial technology, we've been making workers obsolete," McAfee said.

McAfee said nobody knows if we're reaching the point where technological developments could lead to unemployment.

Share this: Tweet Share tumblr Share + Today 8:56 AM ESTAndrew McAfee At Davos

Andrew McAfee of the MIT Sloan School of Management on HuffPost Live

Share this: Tweet Share tumblr Share + Today 8:46 AM ESTBruder On The Barriers Women Face

"We strive to have the majority of our graduates female," EFE's Ron Bruder said.

"I don't think there's an official barrier but there's a social and structural barrier in a lot of these countries toward women," Bruder added.

Bruder said his company creates local foundations, and those foundations tackle those issues on EFE's behalf.

Share this: Tweet Share tumblr Share + Today 8:42 AM ESTEFE's McAuliffe And Bruder: Young People Need Jobs

EFE's president and CEO Jamie McAuliffe, along with founder and chair Ron Bruder, sat down with HuffPost Live at Davos on Saturday.

Bruder said it's vital to the global economy that youths have jobs.

McAuliffe said EFE starts with businesses.

"Where are the jobs?" he said.

Share this: Tweet Share tumblr Share + Today 8:14 AM EST'Every Woman Has The Opportunity To Be An Activist'

Catchafire Founder & CEO Rachael Chong joins HuffPost Live to share her thoughts on how to get more women to Davos.

Share this: Tweet Share tumblr Share + Today 8:11 AM EST'Doing Less, But Better'

Greg McKeown, author of Essentialism: The Disciplined Pursuit of Less, said his book grew out of working with people who are really successful.

"Success can become a catalyst for failure," he said.

McKeown said leaders at Davos have experience with plateauing after achieving professional success. To avoid that, McKeown said, people must find a way to expand their contribution without doing more.

"The whole idea is about doing less, but better," he said.

Share this: Tweet Share tumblr Share + Today 8:00 AM ESTOnline Data Is Like Money

"In some sense, we're the next generation of banks," Smith said, noting you wouldn't put your data in a place you don't trust just like you wouldn't deposit your money at a bank you don't feel is stable.

Share this: Tweet Share tumblr Share + Today 7:59 AM ESTHacking Crime Difficulties

Smith said the most difficult part about investigating a hacking crime is identifying and finding a hacker.

"Our prisons are not full of hackers," Smith said, noting hackers are often in countries outside the U.S.

Share this: Tweet Share tumblr Share + Today 7:57 AM ESTBrad Smith At Davos

Brad Smith at Davos

Share this: Tweet Share tumblr Share + Today 7:55 AM ESTBrad Smith On Outdated Technology Laws

"2015 needs to be a year for new solutions, and that's what we're proposing. We do need new laws in the United States and in Europe," Smith said. "We're trying to manage 21st century technology issues with laws that were written in the '80s and '90s."

Share this: Tweet Share tumblr Share + Today 7:54 AM ESTMicrosoft's Brad Smith On The Sony Hack

Microsoft's Brad Smith said the Sony hack was an example of how the Internet could be used as a way to both fight against and fight for free expression.

"We saw the Internet being used both as a weapon to attack free expression... and as a tool to defend free expression," Smith said.

Brad said lawmakers in the U.S. and Europe need to discuss how to increase online privacy while still providing law enforcement with information they need.

Share this: Tweet Share tumblr Share + Today 7:34 AM ESTBusque On Encouraging Women

As an engineer, Busque said she's always worked primarily around men.

"For me, it's never something I've focused on but it definitely is there and is an issue," Busque said.

"I've some very strong female role models, so I think that's an important thing," she added, saying she regularly thinks about how she can encourage women at her own company to take on leadership roles and grow as employees.

Share this: Tweet Share tumblr Share + Today 7:30 AM ESTLeah Busque At Davos

Leah Busque on HuffPost Live

Share this: Tweet Share tumblr Share + Today 7:29 AM ESTLeah Busque On The Responsibility Of Job Creators

Leah Busque, founder and CEO of TaskRabbit, said as a business leader it's important to consider the quality of the lives you're curating for workers.

"I believe there's been a slippery slope of new companies that have formed in the name of on demand services ... that maybe aren't having as much of a focus as they should on the worker," Busque said.

Share this: Tweet Share tumblr Share + Today 7:22 AM EST'We Have To Use Our Voice'

Chong spoke about what it's like to be one of the few women at Davos.

"It's not always easy to stand up and say, 'hey, that was a sexist remark,'" she said.

"I think we have to use our voice," she added. "Particularly with businesswomen, there are so few, and as role models they're so important."

Share this: Tweet Share tumblr Share + Today 7:21 AM ESTFrom Investment Banking To Entrepreneur

Chong explained how she left the world of investment banking -- a job she said she actually enjoyed -- to become an entrepreneur.

"While I was banking I still wanted to be able to give back and at the time the only opportunity was, once a year we'd get put on a bus and go build a house," Chong said. "All volunteer work is good, but when you think about maximizing impact, bankers building houses is not necessarily the best use of their time."

"I became really obsessed with then finding a way to volunteer my skills," Chong added.

Share this: Tweet Share tumblr Share + Today 7:19 AM EST'It Gives People A Sense Of Purpose'

Chong said the people who volunteer with Catchafire gain something by giving up their time and services.

"It gives people a sense of purpose," Chong said.

Share this: Tweet Share tumblr Share + Today 7:18 AM ESTRachael Chong At Davos

Rachael Chong at HuffPost Live

Share this: Tweet Share tumblr Share + Today 7:17 AM ESTHow Busy People Make It Work

Rachael Chong, founder and CEO of Catchafire, said it can be hard to get professionals to donate their time, but busy people somehow still make it work.

"The busiest people are the ones who usually fit in the most stuff and are the most productive," she said.

Share this: Tweet Share tumblr Share + Today 7:15 AM EST#Thrive

Thanks to @ariannahuff we'll #thrive on the #wef15 #purposejourney in #Davos via #bulletproofcoffee and @thirdmetric pic.twitter.com/qzagkLgR86

— Valerie Keller (@Valerie_Keller_) January 24, 2015

Share this: Tweet Share tumblr Share + Today 6:10 AM ESTJean-Philippe Courtois At The World Economic Forum 2015

Microsoft International President Jean-Philippe Courtois joins HuffPost Live to talk about technology at Davos, NSA reform and some exciting products that are on the horizon.

Share this: Tweet Share tumblr Share + Today 5:55 AM ESTLesser: Leaders Should Set A Tone

"I just think if leaders don't set a tone about why we do what we do and why we do it in a way that's enriching for all of us, then people just assume all leadership cares about is the bottom line," Lesser said.

Lesser said he tries to lead by example but he's "probably on email too much."

Share this: Tweet Share tumblr Share + Today 5:53 AM EST'Totally A Positive'

"In our world, having great talent want to come and want to stay is the single biggest driver of success," Lesser said.

Lesser said empowering millennial workers and making them aware of the impact they'll have on the world through their work has increased the success of BCG.

"I really think the more we've invested to make it a unique work environment... it's totally a positive," Lesser said.

Share this: Tweet Share tumblr Share + Today 5:47 AM ESTHow BCG Helped Respond To The Ebola Crisis

Boston Consultant Group president and CEO Rich Lesser and Wendy Woods, global leader of Social Impact for BCG, joined HuffPost Live at Davos on Saturday to share how their company helped the UN respond to the Ebola crisis.

"It's something that we felt most privileged to be a part of," Lesser said.

Woods said it's normal for government entities to reach out to consulting groups, but usually the process takes a lot more time.

"The coordination has been better than I've ever seen it on a global scale," Woods said.

Share this: Tweet Share tumblr Share + Today 5:37 AM ESTCourtois: New Devices Are Letting People 'Do Great Stuff'

Courtois said new devices are "enabling people to do more stuff, to do great stuff."

Courtois also spoke about new technology being developed by Microsoft that will allow users to interact with 3D holograms.

Share this: Tweet Share tumblr Share + Today 5:33 AM ESTMicosoft's Role After The French Terror Attack

Courtois shared how Microsoft played a role after the recent terror attacks in Paris, partnering with French law enforcement and the FBI to get police information they needed within 45 minutes of the attack's start.

Share this: Tweet Share tumblr Share + Today 5:32 AM ESTJean-Philippe Courtois At Davos

Jean-Philippe Courtois on HuffPost Live

Share this: Tweet Share tumblr Share + Today 5:32 AM ESTWhat Microsoft's Doing To Protect Customers

Jean-Philippe Courtois, president of Microsoft International, spoke about the steps his company is taking to maintain the public's trust as data moves further into the Cloud.

Courtois said Microsoft has been focusing on several aspects: improving how they anchor the data; certification and compliance of infrastructure; and transparency.

"This is a big deal to actually report back to society what we do with data and how we deal with government requests," Courtois said about being a transparent company.

Share this: Tweet Share tumblr Share + Today 5:25 AM ESTValerie Keller and Cheryl Grise At The World Economic Forum 2015

Valerie Keller and Cheryl Grise of the EY Beacon Institute talk with HuffPost Live about how to transform your business through a better sense of purpose.

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Businessweek's Abercrombie Cover Is Really... Something

This week's Businessweek cover is really something.

The cover goes along with the magazine's latest feature, "The Aging of Abercrombie & Fitch," which chronicles the rise and fall of the teen retailer. The image, featuring an elderly man suggestively tugging on the waistline of a pair of unbuttoned jeans, is a play on Abercrombie's provocative ads that often feature topless men and scantily clad women.

Like many other teen retailers, Abercrombie has been struggling in recent years. Mike Jeffries, the company's controversial CEO who once said the brand was "exclusionary" and that it only marketed to "cool kids," announced he was stepping down in December.

A representative from Abercrombie declined to comment on the magazine cover.

Samsung In Talks With BlackBerry About $7.5 Billion Buyout: Source

By Jennifer Ablan and Liana B. Baker

NEW YORK (Reuters) - (Corrects Jan. 14 story, changes to representatives from the companies, from executives in paragraph 3)

Samsung Electronics recently offered to buy BlackBerry Ltd for as much as $7.5 billion, seeking its valuable patents as it battles Apple in the corporate market, according to a person familiar with the matter and documents seen by Reuters.

South Korea's Samsung <005930.KS> proposed an initial price range of $13.35 to $15.49 per share, representing a premium of 38 percent to 60 percent over BlackBerry's current trading price, the source said on Wednesday.

Representatives from the two companies, which are working with advisers, met last week to discuss a potential transaction, the source said, asking not to be identified because the conversations are private.

The Waterloo, Ontario-based company said in a statement that it "has not engaged in discussions with Samsung with respect to any possible offer to purchase BlackBerry. Shares of BlackBerry, which soared nearly 30 percent following the Reuters report, fell back about 15 percent in after-hours electronic trading following the statement.

Separately on Wednesday, Canadian newspaper Globe and Mail reported BlackBerry has shunned a handful of takeover overtures in recent months as its board and largest investor think its restructuring strategy will deliver greater shareholder value than current acquisition offers.

The board believes offering prices, some in excess of $7 billion, fall well below BlackBerry's potential asset value in the next few years, according to the Globe and Mail report.

Blackberry, a one-time investor darling that pioneered smartphones, has regained some of its lost swagger under Chief Executive John Chen, who is leading a bid to regain market share it has lost to Apple Inc, Google Inc and Samsung.

CORPORATE MARKET

"BlackBerry is in such transition today, so any investment has been a bet on the future, so at this point Samsung is cutting in before that full future becomes a reality," said Morningstar analyst Brian Colello.

Samsung’s strength as the No. 1 global smart phone marker has been built on making devices for the consumer market, which has become crowded in recent years. With a takeover of Blackberry, Samsung could make greater inroads into the corporate market, where it has trailed rivals.

“How many Samsung phones do you see in offices? This would be Samsung’s chance to get into the enterprise,” said BGC Partners analyst Colin Gillis.

Any tie-up with Samsung would require the blessing of Prem Watsa, whose Fairfax Financial Holdings Ltd is a major Blackberry shareholder. Fairfax helped bankroll a debt recapitalization that led to Chen's arrival in November 2013 as CEO. Paul Rivett, president of Watsa’s Fairfax Financial Holdings, declined to comment.

The bid would also face regulatory scrutiny in both Ottawa and Washington. Under Canadian law, any foreign takeover of BlackBerry would require government approval under the Industry Canada Act.

BlackBerry's secure networks manage the email traffic of thousands of large corporate customers, along with government and military agencies across the globe.

Samsung and its advisers also anticipate a complex approval process at the Committee on Foreign Investment in the United States (CFIUS), which reviews deals for national security implication, the documents reviewed by Reuters show.

PATENT PORTFOLIO

Samsung thinks that acquiring less than 100 percent of BlackBerry, perhaps keeping part of it as a publicly traded entity with an independent board, could help secure easier CFIUS approval. But it doubts whether it can accomplish its strategic objectives with less than 100 percent ownership, the documents show.

In 2013, the Canadian government had strongly hinted to BlackBerry that any sale to China’s Lenovo Group would be rejected due to security concerns, sources told Reuters at the time. Harper's office wouldn't comment on the report on Wednesday but sources familiar with the Canadian government's thinking said a Samsung buyout was unlikely to raise such concerns.

Ross Healy, a portfolio manager at MacNicol & Associates, which owns a small stake in Blackberry, said Samsung's reported offer undervalues the company.

“To get a hold of the BlackBerry network and all its secure features, that would be a real coup for Samsung, looking to differentiate themselves from Apple and from others," he said.

Blackberry's patent portfolio is composed of roughly 44,000 patents, worth more than $1.43 billion in net book value as of August last year, although many analysts think they could be worth much more.

Edward Snyder, managing director of Charter Equity Research, said it made sense for Samsung to target BlackBerry's patents in its outgoing battle with Apple and others, and that it likely would need to bid for the whole company because BlackBerry management did not want to only sell specific assets.

"Samsung will have to buy the whole thing and then and shutter what they don't need,” he said.

BlackBerry launched its long-awaited Classic model on Wednesday, hoping to help win back market share and woo customers still using older devices with a keyboard. The phone resembles its once popular Bold and Curve handsets.

In the third quarter, revenue at Blackberry, which is increasingly focusing on providing services like secure corporate networks, fell to $793 million from $1.19 billion a year earlier, falling short of analysts' expectations of $931.5 million.

Shares of Blackberry jumped as much as 30 percent on heavy volume in afternoon trading at $29.71 per share in New York.

The offer price would imply an enterprise value of $6 billion to $7.5 billion for BlackBerry, assuming conversion of $1.25 billion of convertible debt, according to the documents.

BlackBerry announced a high-profile security partnership with Samsung in November. The partnership will wed BlackBerry's security platform with the South Korean company's own security software for its Galaxy devices.

(Reporting by Jennifer Ablan and Liana Baker in New York, additional reporting by Alastair Sharp and Allison Martell in Toronto and Randall Palmer in Ottawa, Editing by Soyoung Kim and Christian Plumb)

Obamacare Is Close To Achieving Goal Of 9.1 Million Signups

WASHINGTON (AP) — The Obama administration is moving closer to its goal of 9.1 million people signed up for private coverage under the president's health care law.

The Health and Human Services Department says at least 400,000 people signed up last week. That brought total enrollment in the 37 states served by HealthCare.gov to more than 7.1 million.

National figures should be significantly higher because the federal count doesn't include major states such as California and New York that are running their own markets.

Florida leads the federal marketplace states, with more than 1.2 million people enrolled. Texas has nearly 920,000.

The administration is expecting a surge near the Feb. 15 sign-up deadline.

The law offers subsidized private coverage to people who don't have health insurance on the job.

SpaceX Gets $1 Billion From Google And Fidelity

HAWTHORNE, Calif. (AP) — SpaceX has raised $1 billion from Google and Fidelity in a deal that values the spaceship manufacturer at about $10 billion.

The infusion announced Tuesday will give Google Inc. and Fidelity Investments a nearly 10 percent stake in SpaceX, a Hawthorne, California, company that employs more than 3,000 people.

Although privately held SpaceX didn't reveal any concrete plans, the money could help founder Elon Musk realize his hopes to fly people to Mars within the next 12 years and eventually build a city on the planet.

Musk, 43, also has publicly talked about using satellites to provide Internet access to remote parts of the Earth, a mission that Google also has embraced in a separate project that relies on high-altitude balloons. As the owner of the largest Internet search engine and digital ad network, Google stands to make more money if more people can get online.

"Space-based applications, like imaging satellites, can help people more easily access important information, so we're excited to support SpaceX's growth as it develops new launch technologies," Google said in a statement.

Donald Harrison, who oversees Google's corporate development team, will be joining SpaceX's board of directors as part of the company's investment.

SpaceX, which stands for Space Exploration Technologies, has previously raised money from the Founders Fund, Draper Fisher Jurvetson, Valor Equity Partners and Capricorn since its 2002 inception. The Founders Fund was started by Peter Thiel, who teamed up with Musk in the late 1990s to create the online payment service PayPal.

Musk also is CEO of electric car maker Tesla Motors and has made headlines for his vision of a high-speed transportation system that would shoot passengers through elevated tubes from San Francisco to Los Angeles.

SpaceX's spacecraft has been used to deliver goods to the International Space Station.