Oct 5- Yum Brands Inc on Wednesday posted an unexpected decline in quarterly sales at established China restaurants, citing protests sparked by an international court's rejection of the country's claim to historic rights in the South China Sea. In July, an international tribunal in The Hague ruled in favor of the Philippines in a landmark case, finding that...
The owner of the KFC, Pizza Hut and Taco Bell brands said sales at Yum China restaurants open at least one year fell 1 percent during the fiscal third quarter. Yum, the biggest Western restaurant operator in China, said an international court ruling on claims regarding the South China Sea triggered a series of regional protests against a few multinational...
HONG KONG/ SINGAPORE, Oct 5- McDonald's Corp is set to agree a deal to sell 20- year franchise rights for its Singapore and Malaysia outlets to Saudi Arabia's Reza group for up to $400 million, as part of a re-jig of its Asian business, people familiar with the matter said. In July, McDonald's had said it was seeking franchise partners for its restaurants in Singapore...
HONG KONG/ SINGAPORE, Oct 5- McDonald's Corp is nearing a deal to sell 20- year franchise rights for its Singapore and Malaysia outlets to Saudi Arabia's Reza group, in a transaction estimated at up to $400 million, people familiar with the matter said. Reza Food Services Co. Ltd, which owns and operates McDonald's restaurants in the western and southern region of...
LOS ANGELES/ SAN FRANCISCO, Oct 5- Clamshell grills are making burger flipping obsolete at McDonald's, Johnny Rockets and other burger chains. And at Silicon Valley start-up Zume, robots are being programmed to take over pizza assembly. In spite of improvements in technology, minimum wage hikes between 2000 and 2008 caused little immediate displacement of...
San Francisco restaurants are now facing stiff competition against tech companies with on-campus dining options. CNBC's Aditi Roy reports why.
Tom Lewand, Shinola CEO, discusses how he is contributing to the revitalization of downtown Detroit.
Marriott International Asia Pacific's Craig Smith talks about the Golden Week holidays, tourism in China and Marriott's Starwood acquisition.
Rock and roll was synonymous with the Hard Rock Cafe, but the 45-year-old venue is now expanding its musical taste.
How much has Zika been impacting the travel business? CNBC's Susan Li reports. The "Fast Money" traders share their take on travel stocks.
Republican candidate Trump's company conducted business in Cuba in the late 1990s, violating the trade embargo, Newsweek will report on Friday.
Various tourist destinations have different patterns of recovery from terrorist attacks, explains Sojern's Stephen Taylor.
A rise in right-wing extremism is posing a serious threat to the economy in East Germany, according to a government report.
NEW YORK, Sept 23- Trump International Hotels Management LLC agreed to pay $50,000 to settle with New York State over data breaches that exposed 70,000 credit card numbers and other personal information, New York Attorney General Eric Schneiderman announced on Friday. According to Schneiderman, bank analyses of hundreds of fraudulent credit card...
Marriott International chief Arne Sorenson tells CNBC how his company will distinguish 30 hotel brands after its Starwood purchase.
Our business is up but not in any robust way, says Arne Sorenson, Marriott CEO, sharing his outlook on the U.S. economy. Also Sorenson discusses how security issues and North Carolina's "bathroom law" are impacting his business.
You get a better deal if you book direct, says Arne Sorenson, Marriott CEO, weighing in on the benefits and drawbacks of internet booking websites.
Arne Sorenson, Marriott CEO says the new Marriott now provides loyalty customers with bigger options although there will be competition among some hotels.
Marriott International closed its $13-billion acquisition of Starwood to become the world's largest hotel chain.
In total, 30 brands will fall under the Marriott umbrella to create the world's largest hotel chain with more than 1.1 million rooms.