GO
Loading...

Enter multiple symbols separated by commas

Hotels, Restaurants and Leisure

More

  • March 4- McDonald's Corp's U.S. restaurants will gradually stop buying chicken raised with antibiotics vital to fighting human infections, the most aggressive step by a major food company to force chicken producers to change practices in the fight against dangerous "superbugs." The world's biggest restaurant chain will announce on Wednesday that within two...

  • Sonic CEO: We're not at peak burger Monday, 2 Mar 2015 | 12:31 PM ET
    An employee delivers food at a Sonic drive-in restaurant in Normal, Illinois.

    Despite the proliferation of fast-food restaurants and burger joints, there's still room for growth, Sonic CEO Cliff Hudson tells CNBC.

  • LONDON, Feb 27- Britain's Restaurant Group, whose chains include Chiquito and Frankie& Benny's, said trading in the new year had started well as it posted an 7.4 percent rise in 2014 profit. The company, which has more than 470 restaurants, about half of which are next to cinemas, said on Friday pretax profit for the year to Dec. 28 rose to 78.1 million pounds, in line with...

  • LONDON, Feb 25- Labor unions and a charity accused fast food chain McDonald's of avoiding around 1 billion euros in tax between 2009 and 2013 by routing revenues through a Luxembourg unit and called on the European Commission to investigate. Corporate tax avoidance has become a hot political issue in Europe and the EU executive has opened investigations into...

  • NEW YORK, Feb 24- The shuttered Revel Casino Hotel in Atlantic City, New Jersey, again has a buyer- and again it's Florida developer Glenn Straub, who was lured back by a discounted price of $82 million. New Jersey's governor, Chris Christie, recently appointed an emergency manager to reinvigorate the city's finances and appointed Kevyn Orr, who put Detroit into...

  • NEW YORK, Feb 24- The shuttered Revel Casino Hotel in Atlantic City has struck an amended $82 million deal with Florida developer Glenn Straub's Polo North, according to a statement by its parent company. Polo North has increased its $10 million deposit to the full $82 million purchase price, the statement said. Last month, a U.S. bankruptcy judge approved the sale...

  • Feb 24- Domino's Pizza Inc on Tuesday reported quarterly profit that fell short of Wall Street's estimate, as higher costs took some of the shine off better-than-expected sales at established restaurants. While companies such as McDonald's Corp have warned that minimum wage increases and other labor-related costs would squeeze profits in 2015, Domino's...

  • Strong U.S. demand boosts Domino's revenue Tuesday, 24 Feb 2015 | 7:43 AM ET

    Feb 24- Domino's Pizza Inc's quarterly revenue jumped 14 percent, helped by strong demand in the United States and an increase in prices for ingredients it sells to franchisees. The second-largest U.S. pizza chain by store count said on Tuesday net income rose 7 percent to $48 million, or 85 cents per share, in the fourth quarter ended Dec. 28. Sales at rival Pizza Hut,...

  • Darden Restaurants names Eugene Lee as CEO Monday, 23 Feb 2015 | 8:25 AM ET

    Feb 23- Darden Restaurants Inc, the parent of Olive Garden and LongHorn Steakhouse chains, said interim Chief Executive Eugene Lee would take over the job permanently, effective immediately.

  • Will the Waldorf become NYC's hot new address? Thursday, 19 Feb 2015 | 11:52 PM ET

    All those pining after childhood stories of "the tippy-top floor" of New York's Plaza Hotel might soon get to recreate it a few blocks away at the Waldorf.

  • Wal-Mart wage hike seen pressuring Target, fast-food Thursday, 19 Feb 2015 | 8:40 PM ET

    Feb 19- Wal-Mart Stores Inc's wage hike will likely trigger a rethink on pay across the retail and fast-food sectors, with Target Corp one of the low-wage employers facing pressure to follow suit and pay workers more. Wal-Mart announced on Thursday it would lift its minimum U.S. wage to $9 an hour this year and $10 in 2016, raising the ante in a tightening labor...

  • Feb 19- Fast-casual restaurant chain operator Noodles& Co forecast 2015 adjusted profit that missed analysts' estimates, sending its shares down 25 percent in after-market trading. Noodles& Co's fourth-quarter profit also missed Wall Street's estimates, hurt by lower sales at its restaurants in the all-important holiday quarter. Net income rose to $3.5...

  • Starwood founder: CEO switch addressed THIS concern Thursday, 19 Feb 2015 | 8:48 AM ET
    Barry Sternlicht

    Starwood Hotels founder Barry Sternlicht says the CEO change at the international hotel chain reflected a concern about lagging innovation.

  • *Marriott International beats estimate on higher RevPAR. Feb 18- Hilton Worldwide Holdings Inc, owner of the Waldorf Astoria hotel brand, forecast lower-than-expected earnings for the first quarter as a strong dollar makes it more expensive for foreigners to travel to the United States. Starwood Hotels& Resorts Worldwide Inc, owner of the Sheraton and Westin...

  • Feb 18- Hilton Worldwide Holdings Inc, owner of the Waldorf Astoria hotel brand, forecast lower-than-expected earnings for the first quarter and full year as a strong dollar makes it more expensive for foreigners to travel to the United States. The company, which also owns the Conrad brand, gets about three-quarters of its revenue from the United States.

  • Feb 18- Hilton Worldwide Holdings Inc, owner of the Conrad and Waldorf Astoria hotel brands, forecast profit below market estimates for the first quarter as well as for the full year. Hilton, which recently sold its Waldorf Astoria New York hotel to China- based Anbang Insurance Group Co for $1.95 billion, gets about three-fourth of its revenue from the United...

  • Feb 18- Hilton Worldwide Holdings Inc, owner of the Conrad and Waldorf Astoria hotel brands, reported a better-than-expected 7 percent rise in quarterly revenue, as increased business travel in United States drove up occupancy rates. Revenue rose to $2.83 billion from $2.64 billion a year earlier. Net income attributable to shareholders rose to $158 million,...

  • Hilton revenue rises 7 pct on higher occupancy Wednesday, 18 Feb 2015 | 6:14 AM ET

    Feb 18- Hilton Worldwide Holdings Inc, the owner of Conrad and Waldorf Astoria hotel brands, reported a 7 percent rise in quarterly revenue, as increased business travel drove up occupancy at most of its properties. Net income attributable to shareholders rose to $158 million, or 16 cents per share, from $26 million, or 3 cents per share. Hilton's fourth-quarter...

  • Accor CEO: Expect ups and downs Wednesday, 18 Feb 2015 | 4:20 AM ET
    Accor CEO: Expect ups and downs

    Accor posted record net profit for 2014, thanks to cost-cutting and restructuring. CNBC's Stephane Pedrazzi talks to CEO Sébastien Bazin.

  • TORONTO, Feb 17- Restaurant Brands International Inc, the parent of Burger King and Canadian coffee and doughnut chain Tim Hortons, reported robust quarterly sales growth on Tuesday, crediting new menu items for driving traffic. Restaurant Brands executives credited new menu items like Burger King's A1 ultimate bacon cheeseburger and Tim Horton's dark...