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Hotels, Restaurants and Leisure

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  • July 27- Puerto Rico may sport palm trees, pristine beaches and glorious weather but its tourism industry is losing out to rival Caribbean islands- and that is holding the U.S. territory back at a time when its deeply troubled economy most needs a fillip. Rick Newman, who owns and operates the Verdanza Hotel in the popular beachside tourist strip of Isla Verde, says...

  • July 27- Restaurant Brands International Inc, formed out of Burger King's takeover of Canadian coffee and doughnut chain Tim Hortons last year, reported a better-than-expected quarterly profit on strong sales of its newly launched menu items. The two chains are managed separately under parent Restaurant Brands. Restaurant Brands opened 52 net new Tim...

  • NEW YORK— New York's Wage Board on Monday finalized its recommendation endorsing a $15 minimum wage for fast-food workers in chain restaurants. It would be phased in over three years in New York City and six years elsewhere. The first phase of the increase would take effect on Dec. 31, when the minimum wage for affected workers would go from $8.75 to $10.50 in New...

  • One of these chains could be the next Chipotle Saturday, 25 Jul 2015 | 11:00 AM ET
    Protein Bar's Guac & Roll.

    PrivCo recently released a new report about five chains that could be the next fast casual hit.

  • July 24- U.S. stock index futures were higher on Friday after three straight days of losses as Amazon, Visa and Starbucks beat expectations. *Starbucks rose 4.3 percent to $59 after the world's biggest coffee chain reported a higher quarterly profit. *Second-quarter S&P 500 earnings have been mixed, with 75 percent of companies so far beating analysts' profit...

  • July 23- Starbucks Corp reported higher quarterly profit on Thursday as new food, drinks and technology helped the world's biggest coffee chain attract more customers. Sales at Starbucks shops open at least 13 months were up 7 percent globally in the latest quarter, with an estimated 23 million more customer transactions than in the year-earlier quarter as...

  • BJ's Restaurants beats 2Q profit forecasts Thursday, 23 Jul 2015 | 5:09 PM ET

    HUNTINGTON BEACH, Calif. _ BJ's Restaurants Inc. on Thursday reported second-quarter earnings of $12.4 million. The average estimate of 12 analysts surveyed by Zacks Investment Research was for earnings of 39 cents per share. BJ's Restaurants shares have fallen almost 1 percent since the beginning of the year.

  • Tickets plunge after US booted from soccer tourney Thursday, 23 Jul 2015 | 1:32 PM ET
    Goalie Brad Guzan of the United States tries unsuccessfully to stop a shot on goal by Darren Mattocks of Jamaica during the first half of the 2015 CONCACAF semifinal match at Atlanta's Georgia Dome on July 22, 2015.

    Many soccer fans assumed a Gold Cup Final between USA and Mexico, but ticket prices tanked after both teams stumbled.

  • July 23- McDonald's Corp's new chief executive expects global sales at established restaurants to grow in the current quarter, reversing more than a year of declines, and said his turnaround plan is showing early signs of taking hold. Net income tumbled 13 percent to $1.20 billion, or $1.26 a share, in the second quarter. Easterbrook has responded to intense U.S....

  • July 23- McDonald's Corp's new chief executive expects global sales at established restaurants to grow in the current quarter, reversing more than a year of declines, and said his turnaround plan was showing early signs of taking hold. Since taking the helm in March, McDonald's CEO Steve Easterbrook repeatedly has vowed to turn McDonald's into "a modern,...

  • Del Frisco's misses Street 2Q forecasts Thursday, 23 Jul 2015 | 6:24 AM ET

    SOUTHLAKE, Texas _ Del Frisco's Restaurant Group Inc. on Thursday reported second-quarter net income of $3.7 million. The average estimate of six analysts surveyed by Zacks Investment Research was for earnings of 19 cents per share. Five analysts surveyed by Zacks expected $76.3 million.

  • Franchise owners say they're considering a lawsuit against Cuomo's plan to raise the minimum wage in their eateries to $15 an hour, arguing that it is not fair or legal to be saddled with such a significant increase in labor costs that won't apply to retail, landscaping, child care or other traditionally low-wage industries. "Singling out fast food restaurants...

  • July 22- The New York State wage board recommended raising fast-food worker pay to $15 per hour in New York City by 2018, CNBC said in a tweet on Wednesday. The hike will boost entry-level pay from its current $8.75 per hour level at restaurants owned by companies including McDonald's Corp, Burger King and Wendy's Corp.. The panel had been formed by New York...

  • KINGSTON, Jamaica— A fire broke out on a Royal Caribbean cruise ship Wednesday as it approached Jamaica, burning one crew member and causing passengers to be sent to evacuation stations with life jackets. Royal Caribbean International said fire suppression equipment quickly doused the blaze in a mechanical area of the Freedom of the Seas as it arrived at the...

  • NEW YORK— Fast-food workers in New York state would see a super-sized raise under a plan to phase in a $15 minimum wage— the first time a state has singled out a particular industry for such an increase. "You cannot live and support a family on $18,000 a year in the state of New York— period," Gov. San Francisco, Seattle and Los Angeles have approved gradual increases to $15...

  • July 21- McDonald's Corp could start offering all-day breakfast in its U.S. restaurants as early as October, the Wall Street Journal reported, citing an internal company memo. The world's largest restaurant chain by revenue has been losing customers to newer rivals including burrito chain Chipotle Mexican Grill as consumers switch to foods perceived as...

  • July 21- McDonald's Corp could start offering all-day breakfast in its U.S. restaurants as early as October, the Wall Street Journal reported, citing an internal company memo. The world's largest restaurant chain by revenue has been losing customers to newer rivals including burrito chain Chipotle Mexican Grill as consumers switch to foods perceived as...

  • July 21- Chipotle Mexican Grill Inc on Tuesday said its quarterly profit beat estimates, but the burrito chain reported lower than expected sales at its established restaurants, initially sending its shares down in extended trading. Shares of the company fell about 7.5 percent to $623 after results were released on Tuesday but recovered to $676.

  • Fake hotel booking sites stirring up turmoil Monday, 20 Jul 2015 | 1:43 PM ET
    Hotels line the strip in Las Vegas, Nevada.

    Fake sites use logos and pictures from hotels to trick travelers into thinking they are on the hotel's website. NBC News reports.

  • CNBC update: Robot hotel Thursday, 16 Jul 2015 | 10:30 AM ET
    CNBC update: Robot hotel

    United Continental gives free miles to hackers; Iraq looks to take back Anbar Province; and a new hotel in Japan is staffed with robots.