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Hotels, Restaurants and Leisure

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  • COLUMBUS, Ohio _ Bravo Brio Restaurant Group Inc. on Tuesday reported second-quarter profit of $3.8 million. The average estimate of three analysts surveyed by Zacks Investment Research was for earnings of 20 cents per share. Three analysts surveyed by Zacks expected $110.7 million.

  • Pool fire at The Cosmopolitan fueled by fake palm trees Tuesday, 28 Jul 2015 | 10:27 AM ET

    LAS VEGAS— Fake palm trees and high winds fueled a poolside fire on a rooftop at The Cosmopolitan hotel-casino on the Las Vegas Strip over the weekend, fire officials say. The blaze on Saturday sent guests running and plumes of black smoke billowing from the scene. Clark County Battalion Chief Leo Durkin said the trees were made from foam that has become a common...

  • Hot luxury hotel trends Tuesday, 28 Jul 2015 | 7:32 AM ET
    Hot luxury hotel trends

    Herve Humler, Ritz-Carlton COO, discusses Ritz-Carlton topping JD Power guest satisfaction list, and weighs in on the building boom in luxury hotels. Humler also comments on the pulse of luxury spending in China.

  • ATLANTIC CITY, N.J.— A professional poker player has sued a casino that claimed he won $9.6 million by cheating at baccarat, alleging it knew about defects in the cards and then destroyed evidence. Phil Ivey and his co-defendant, Cheng Yin Sun, filed a countersuit last week against the Borgata Hotel Casino& Spa, which sued the pair last year. They demand unspecified...

  • *Burger King comp sales up 6.7 pct; Tim Hortons' 5.5 pct. July 27- Restaurant Brands International Inc, formed out of Burger King's takeover of Canadian coffee chain Tim Hortons last year, reported a better-than-expected quarterly profit as new menu items helped attract customers. "I think has been more innovative with their new product offerings than McDonald's...

  • 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...