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  • Shake Shack reports loss due to $1.1 mln IPO charge Wednesday, 11 Mar 2015 | 4:24 PM ET

    March 11- Hamburger chain Shake Shack Inc reported a quarterly loss, due to an after-tax charge of $1.1 million related to its initial public offering. Shake Shack reported a net loss of $1.4 million, or 5 cents per share, in the fourth quarter ended Dec. 31, compared with a profit of $997,000, or 3 cents per share, a year earlier. Revenue rose 51.5 percent to $34.8 million.

  • One way to (possibly) make money in Cuba Wednesday, 11 Mar 2015 | 1:23 PM ET
    A privately owned party supply store in Havana, Cuba.

    The founder of an investment firm is raising money for a private equity fund geared toward direct investment in Cuba.

  • March 9- McDonald's Corp on Monday vowed to remake itself as a "modern, progressive burger company" after aggressive competition from Chipotle Mexican Grill Inc, Chick-fil-A and myriad "better burger" chains bit into U.S. restaurant sales last month. Steve Easterbrook, a McDonald's insider who led two UK- based restaurant chains before returning to the company in...

  • BERLIN, March 9- Sales of new kitchens are up more than 10 percent already this year at German kitchen maker Haecker. For those who would rather someone else did the cooking, roasted monkfish and turbot with truffles are flopping onto plates at Berlin's Michelin- starred restaurant Fischers Fritz. A blizzard of corporate good news shows that famously frugal...

  • CHICAGO/ LOS ANGELES, March 8- McDonald's Corp's decision last week to phase out human antibiotics from its U.S. chicken supply will add to costs of production in a tight-margin business that are likely to be borne mostly by poultry companies. McDonald's will use its purchasing muscle as the world's largest restaurant chain to avoid passing extra costs on to...

  • Hotel investors battle for yield as sector heats up Sunday, 8 Mar 2015 | 5:00 AM ET

    *Report predicts $68 bln in hotel real estate deals in 2015. BERLIN, March 8- Investors are expected to pump more money into buying, converting or building hotels in 2015 than in any year since the start of the global financial crisis, with a focus on budget and' buzz'. "It's not about people loving hotels, it's about investors searching for a return on their money which...

  • BOSTON, March 5- Hotel operator Mandarin Oriental International Ltd said on Thursday that it was the victim of a cyberattack and that it found malicious software on credit card systems at "an isolated number" of hotels in the United States and Europe. The company said in a statement on its website that it was working with credit card companies, law enforcement and...

  • Report of credit card breach at Mandarin Oriental Wednesday, 4 Mar 2015 | 5:37 PM ET
    A doorman exits the Mandarin Oriental Hyde Park hotel in London.

    The Mandarin Oriental Hotel Group suffered a security breach that exposed customer's credit card data, according to a new report.

  • What's for dinner? Restaurants serve new concepts Wednesday, 4 Mar 2015 | 11:15 AM ET
    Bubba's burger

    How do restaurants expand? They build their existing business or buy growth. Here are a number of concepts that restaurants are betting on.

  • 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 announced on Wednesday that within two...

  • 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.