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Travel Hotels, Restaurants and Leisure

  • President-elect Donald Trump plans to nominate Andrew Puzder, chief executive of fast-food chain operator CKE Restaurants Inc, as his choice for labor secretary, a source familiar with the matter said on Thursday. He assembled an investor group to buy a failed California mortgage lender in 2009, rebranded it as OneWest Bank and built it into Southern...

  • WASHINGTON, Dec 8- President-elect Donald Trump will name fast-food executive Andy Puzder to head the U.S. Department of Labor, according to a source familiar with the matter, in an appointment likely to antagonize organized labor. Fast-food workers, who are largely not unionized, are engaged in a multi-year campaign known as the "Fight for $15," which is supported...

  • WASHINGTON, Dec 8- President-elect Donald Trump will name fast-food executive Andy Puzder to head the U.S. Department of Labor, according to a source familiar with the matter, in an appointment likely to antagonize organized labor. Fast-food workers, who are largely not unionized, are engaged in a multi-year campaign known as the "Fight for $15," which is supported...

  • WASHINGTON, Dec 8- President-elect Donald Trump will name fast-food executive Andy Puzder to head the U.S. Department of Labor, according to a source familiar with the matter, in an appointment likely to antagonize organized labor. Fast-food workers, who are largely not unionized, are engaged in a multi-year campaign known as the "Fight for $15," which is supported...

  • WASHINGTON, Dec 8- President-elect Donald Trump is expected to name Andy Puzder, chief executive of CKE Restaurants Inc, as his nominee to head the U.S. Labor Department, according to a source familiar with the choice, putting a vocal critic of government intervention in labor markets in charge of workplace regulation. Puzder, whose company operates the Carl's Jr....

  • *Accor's initial investment in Banyan Tree worth $17 mln. PARIS, Dec 8- AccorHotels has bought an initial five percent stake in Singapore's Banyan Tree Holdings as part of Accor's current strategy to strengthen its luxury hotels portfolio to give a boost to its earnings. The move follows similar deals by AccorHotels, which is Europe's largest hotels group, in the...

  • Dec 7- Fast-food franchise Jimmy John's has agreed not to enforce a prohibition on workers at its sandwich shops from taking jobs with competitors in order to settle a lawsuit claiming the agreements were illegal, the attorney general of Illinois said on Wednesday. Madigan, who sued the company in June, said Jimmy John's would notify current and former...

  • Dec 7- Fast-food franchise Jimmy John's has agreed not to enforce a prohibition on workers at its sandwich shops from taking jobs with competitors in order to settle a lawsuit claiming the agreements were illegal, the attorney general of Illinois said on Wednesday. Madigan, who sued the company in June, said Jimmy John's would notify current and former...

  • The company also plans to open an outlet of its high-end coffee chain, Reserve Roastery and Tasting Room, in Europe, bringing the number to five globally. Starbucks opened its first Reserve coffee roastery and tasting room in Seattle in late 2014, which roasts limited-supply Reserve coffees that sell for up to $50 per 8- ounce package. The company plans to open a...

  • Dec 7- Starbucks Corp set an annual revenue growth target of 10 percent and profit growth target of 15-20 percent for the next five years, and the coffee chain said it planned to open 12,000 stores globally by 2021.. The company also said on Wednesday it would open an outlet of its high-end coffee chain, Reserve Roastery and Tasting Room, in Europe, bringing the...

  • BOSTON, Dec 6- Hedge fund manager Mick McGuire is taking his fight for change at casual restaurant chain Buffalo Wild Wings Inc directly to franchise owners, saying they could have better access to innovations and grow more if his ideas were implemented. The company's shares, down 0.5 percent at $169.95 in late afternoon trading on Tuesday, have risen 15 percent...

  • BOSTON, Dec 6- Hedge fund manager Mick McGuire is taking his fight for change at casual restaurant chain Buffalo Wild Wings Inc directly to franchise owners, saying they could have better access to innovations and grow more if his ideas were implemented. The company's shares, down 0.5 percent at $169.95 in late afternoon trading on Tuesday, have risen 15 percent...

  • *Up to 25 pct stake gives McDonald's exposure to China growth. HONG KONG, Dec 6- McDonald's Corp is looking to raise $1 billion to $2 billion with the sale of its China and Hong Kong stores after the U.S. fast-food chain decided to keep "a significant minority stake in the business," a person with direct knowledge of the plans said on Tuesday. McDonald's in March said it...

  • ISTANBUL, Dec 5- Turkish hotels have cut staff by 40 percent, some have shuttered for the winter and others are struggling to pay back loans after a trying year when occupancy rates fell to the lowest in Europe, a report said on Monday. Long one of the world's most visited countries popular with Arabs, Russians and Europeans, Turkey has seen average hotel occupancy...

  • Dec 2- The U.S. Transportation Department said on Friday it granted flying rights to Norwegian Air Shuttle ASA's Irish unit, setting the stage for a new battle among airlines for leisure travelers across the Atlantic. While Norwegian is already flying to New York and other U.S. cities, its ability to expand globally has been limited to the air rights that Norway...

  • Dec 2- Starbucks Chief Executive Howard Schultz's decision to step down is unlikely to hamper growth at the world's biggest coffee chain as his successor Kevin Johnson is well suited to take the helm, analysts said. The company's shares were down 2.5 percent at $57.02 on Friday as investors worried that the exit of one of Wall Street's most regarded CEOs would...

  • Dec 2- McDonald's Corp said on Friday it had sold the franchise rights for its restaurants in Singapore and Malaysia to Saudi Arabia's Lionhorn Pte Ltd as part of a plan to move away from direct ownership in Asia. Lionhorn is led by Sheik Fahd and Abdulrahman Alireza, who are franchisees for nearly 100 McDonald's restaurants in the western and southern regions of...

  • Dec 2- Starbucks Chief Executive Howard Schultz's decision to step down is unlikely to disrupt growth at the world's biggest coffee chain as his successor Kevin Johnson is well suited to take the helm, analysts said. Starbucks Corp said on Thursday that Schultz would step down as CEO on April 3 to focus on new high-end coffee shops, handing the top job to Chief...

  • WASHINGTON, Dec 1- Carnival Corp's Princess Cruise Lines will plead guilty to seven felony charges for polluting the seas and deliberate acts to cover it up, and pay a record $40 million criminal penalty, the U.S. Justice Department said on Thursday. Shares of Carnival, the world's largest cruise operator, were down more than 2 percent at $50.29 in midday trading on...

  • WASHINGTON, Dec 1- Carnival Corp's Princess Cruise Lines will plead guilty to seven felony charges of polluting the seas and trying to cover it up, and pay a record $40 million criminal penalty, the U.S. Justice Department said on Thursday. Shares of Carnival, the world's largest cruise operator, were down 1.8 percent at $50.50 in late-morning trading on the New...