Corporate America can learn a lot from a chicken burrito. As many companies struggle to boost prices without alienating consumers, they may want to study Mexican-food chain Chipotle, which has managed to do both. Companies including Chipotle Mexican Grill Inc , Apple Inc and PepsiCo have shown they're able to take advantage of quality, trendiness, and, in the case of Pepsi's snack foods, market dominance, to maintain high prices or even raise them faster than the inflation rate, now at about 2.1 percent in the U.S. Chipotle raised chicken-dish prices by 5 percent this year after leaving them untouched since 2011, and sales went up 29 percent last quarter. The Denver-based Mexican food specialist "has done a great job cultivating a brand that commands pricing power," especially among millennials, who are mainly people in their 20s, said Morningstar analyst R.J. Hottovy.
Australian Daniel Ricciardo charged to a thrilling Hungarian Grand Prix victory on Sunday, his second Formula One win for Red Bull, as a drenched track caused chaos among world championship leaders. Rivalry between Lewis Hamilton and his Mercedes teammate and championship leader Nico Rosberg reached a new peak as Hamilton rebuffed team orders to let Rosberg by into third place. The German now leads with 202, Hamilton has 191 and Ricciardo is third with 131. Ricciardo, 25, held off Ferrari's Fernando Alonso to take first place in a race which saw several high-speed crashes after a heavy downpour just before the start changed the course of the race.
The Islamist Hamas movement continued firing rockets at Israel Sunday, despite claims it had accepted a UN request for a 24-hour extension of a humanitarian truce in war-torn Gaza. Hamas's belated acceptance of diplomatic calls for a temporary ceasefire was announced several hours after Israel resumed a devastating military assault on the enclave after a pause of more than 24 hours. Although Hamas said its militants would halt their fire from 1100 GMT in response to a request from the United Nations, there was no response from Israel.