Travel Hotels, Restaurants and Leisure

More

  • LONDON, June 10- Britain's biggest retailer Tesco has continued its re-shaping under Chief Executive Dave Lewis, agreeing the sale of its Turkish business and its Giraffe restaurant chain in the UK. The firm on Friday confirmed the proposed sale of its 95.5 percent controlling stake in the Kipa business in Turkey to Migros. Tesco also announced its intention to...

  • June 9- U.S. burger chain operator Wendy's Co said it had discovered additional instances of unusual credit card activity at some of its franchise-operated restaurants, widening the scope of an earlier cyber attack on the company. The company in January said it was investigating reports of unusual activity with payment cards used at some of its restaurants.

  • June 9- U.S. burger chain operator Wendy's Co said it had discovered additional instances of unusual cyber activity at some of its 5,700 locations in the United States. The new discoveries are a result of the company's continuing investigation into unusual credit card activity at its restaurants. The company said it had disabled the malware in cases where it...

  • June 8- The attorney general of Illinois on Wednesday filed a lawsuit claiming fast-food franchise Jimmy John's unlawfully requires its low-wage workers to sign agreements barring them from working at other sandwich shops in wide swaths of the country. In the lawsuit filed in Cook County Circuit Court, Attorney General Lisa Madigan said the use by Jimmy...

  • *France seeks Chinese capital, but not always control. *Investment spree comes before EU decision on China status. PARIS, June 8- When reports hit the headlines in France that a state-owned Chinese firm might be taking creeping control of AccorHotels, a national champion and Europe's biggest hotel chain, President Francois Hollande felt obliged to respond.

  • *France seeks Chinese capital, but not always control. *Investment spree comes before EU decision on China status. PARIS, June 8- When reports hit the headlines in France that a state-owned Chinese firm might be taking creeping control of AccorHotels, a national champion and Europe's biggest hotel chain, President Francois Hollande felt obliged to respond.

  • *France seeks Chinese capital, but not always control. *Investment spree comes before EU decision on China status. PARIS, June 8- When reports hit the headlines in France that a state-owned Chinese firm might be taking creeping control of AccorHotels, a national champion and Europe's biggest hotel chain, President Francois Hollande felt obliged to respond.

  • *France seeks Chinese capital, but not always control. *Investment spree comes before EU decision on China status. PARIS, June 8- When reports hit the headlines in France that a state-owned Chinese firm might be taking creeping control of AccorHotels, a national champion and Europe's biggest hotel chain, President Francois Hollande felt obliged to respond.

  • June 7- Akamai Technologies Inc and Nortek Inc have agreed to pay U.S. regulators profits made as a result of bribes the U.S. companies' units paid to Chinese officials, in exchange for avoiding prosecution, the SEC said on Tuesday. Under the agreements, neither company was charged with violations of U.S. foreign bribery laws for the "improper" payments and gifts...

  • WASHINGTON, June 7- The District of Columbia's city council approved a $15- an-hour minimum wage on Tuesday, a rate adopted by a growing number of U.S. cities and states seeking to battle income inequality. Once approved, the U.S. capital will join California and New York in making $15 the hourly minimum. The $15 minimum is estimated to raise wages for 114,000 workers,...

  • People walk in front of the entrance of the five-star Paris Marriott Hotel.

    Hotel groups, timeshare companies and cruise operators are being targeted online players like Airbnb take a larger share of the leisure market.

  • WASHINGTON, June 7- The District of Columbia's city council is set to vote on Tuesday on a $15- an-hour minimum wage, a rate adopted by a growing number of U.S. cities and states seeking to battle income inequality. If the measure becomes law, the U.S. capital will join California and New York in making $15 the hourly minimum. The $15 minimum is estimated to raise wages...

  • Poman Lo, chief executive officer of Century Innovative Technology Ltd. and vice chairman of Regal Hotels International Holdings Ltd., poses for a photograph in Hong Kong, China, on Friday, July 3, 2015.

    Heiress Poman Lo has a life lesson for any young person weighing up whether to work in the family business: don't stop dreaming.

  • Christopher Nassetta, CEO of Hilton Worldwide

    The chief executive officers of two hotel titans say they are unfazed by recent bearish first-quarter industry data.

  • PARIS, June 6- Europe's largest hotel group AccorHotels, which wants to limit a push by Chinese shareholder Jin Jiang to increase its stake, should maintain a diverse group of shareholders, French President Francois Hollande said on Monday. France's AccorHotels has started talks with other shareholders because it is concerned that state-owned Jin Jiang,...

  • PARIS, June 6- The capital of French hotel group AccorHotels, which is trying to limit an attempt by Chinese group Jin Jiang to increase its stake in the company, should remain in diverse hands, French President Francois Hollande said on Monday. Le Journal du Dimanche reported on Sunday that the head of Europe's biggest hotel chain had held talks with rival Chinese...

  • TORONTO, June 6- The Four Seasons Toronto, a luxury hotel in the city's downtown, is up for sale and could fetch as much as C $250 million, in what would be one of the most-expensive deals ever for a hotel in Canada, two sources familiar with the process said. The sale price will likely be in the range of C $200 million to C $250 million, said the sources, who declined to be...

  • Hilton CEO: We're leading the business in organic growth

    CNBC's Simon Hobbs speaks with Christopher Nassetta, Hilton Worldwide President & CEO, about the hotel and hospitality industry as well as his company's growth.

  • NEW YORK/ SAO PAULO, June 6- The airlines circling Panama- based Avianca Holdings SA and its Brazilian cousin show that Latin America retains an attraction for foreign carriers, even in the midst of a regional economic slump, as local currencies nosedive. United Continental Holdings Inc and Delta Air Lines Inc are vying with China's HNA Group for a chance to buy...

  • Blatstein, chief executive of Philadelphia- based Tower Investments, said in a statement that 852 hotel rooms will open in two towers at the Showboat, making it the largest non-casino hotel in New Jersey. The announcement comes after state lawmakers and Governor Chris Christie ended months of bickering over the best way to help cash-strapped Atlantic City,...