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  • LONDON, July 10- InterContinental Hotels Group said on Friday it had agreed to sell InterContinental Hong Kong to a consortium of investors for $938 million and may return some of the proceeds to shareholders. It is being sold to Supreme Key Limited, a consortium of investors advised and managed by Gaw Capital Partners, the real estate private equity fund...

  • BANGKOK, July 10- PTT PCL has signed a franchise deal with U.S.-based fast food chain Texas Chicken as Thailand's largest energy firm tries to boost its revenue from non-oil businesses amid weak crude oil prices. The franchise is PTT's first major investment into Thailand's 30 billion baht fast food market: the company currently operates coffee shops under...

  • LONDON, July 10- InterContinental Hotels Group said on Friday it had agreed to sell InterContinental Hong Kong to a consortium of investors for $938 million and may return some of the proceeds to shareholders. It is being sold to Supreme Key Limited, a consortium of investors advised and managed by Gaw Capital Partners, the real estate private equity fund...

  • IHG agrees $938 sale of InterContinental Hong Kong Friday, 10 Jul 2015 | 2:14 AM ET

    LONDON, July 10- InterContinental Hotels Group said on Friday it had agreed to sell InterContinental Hong Kong to a consortium of investors for $938 million but will retain a management contract. The buyer is Supreme Key Limited, a consortium of investors advised and managed by Gaw Capital Partners. Supreme has paid a cash deposit to IHG of $94 m, with the...

  • The FDA set a national standard for restaurant chains with 20 or more outlets late in 2014, to raise awareness about the risk of obesity posed by fatty, sugary foods as part of the Affordable Care Act. The labeling of combo-meals, promotional items, and how the FDA plans to enforce the rule are other areas of uncertainty, she added. At the time of publication in...

  • The FDA set a national standard for restaurant chains with 20 or more outlets late in 2014, to make people more aware of the risks of obesity posed by fatty and sugary foods as part of the Affordable Care Act. At the time of publication in December last year, the FDA had given restaurants one year and vending machine operators two years to comply with the rule.

  • Celebrity chef heats up on Trump Thursday, 9 Jul 2015 | 8:00 AM ET
    Celebrity chef heats up on Trump

    A celebrity chef cancels plans to open a restaurant in Trump's Washington DC hotel following Donald Trump's controversial comments about Mexican immigrants.

  • Shark attacks? No problem for Carolina tourists Wednesday, 8 Jul 2015 | 4:02 PM ET
    People help a 68-year-old shark-bite victim on Ocracoke Island, N.C., July 1, 2015.

    Businesses in North and South Carolina aren't seeing a drop in tourists, despite the record number of shark attacks.

  • But within a year from a sharp devaluation in early 2002 the country returned to economic growth- something that Greece must now crave, with its economy shrinking by more than 25 percent since 2009.. On Tuesday, German Chancellor Angela Merkel ruled out new negotiations with Greece until after it votes on a bailout proposal by creditors. That left Athens...

  • *Officials probing link to Libya training camps. TUNIS, June 30- The Tunisian gunman who carried out a deadly attack on a hotel last Friday trained in a jihadist camp in Libya last year, Tunisia's government said on Tuesday. "Rezgui had training in Libya at the end of 2014. He was trained during the same time in Libya as the Bardo attackers," prime ministerial spokesman...

  • BRUSSELS, June 28- EU chief executive Jean-Claude Juncker launched a last-ditch drive on Sunday to persuade Greece to agree a funding deal to save it from bankruptcy this week as Brussels insisted the "door is still open" for negotiations. Appealing over the heads of the leftist government direct to Greek voters, Juncker's European Commission published what it...

  • Stay in this Silicon Valley tent for $900 a month Friday, 26 Jun 2015 | 2:20 PM ET
    Tent listed on Airbnb

    There may be no better indicator of how expensive Silicon Valley has gotten.

  • *McDonald's wants single entity to oversee Taiwan stores. SHANGHAI, June 25- McDonald's Corp said it is aiming to sell all of its 413 Taiwan-based stores to a franchise operator, as the U.S. fast-food chain looks to cut costs globally and turn around its flagging China business. A China- based spokeswoman for the company said the burger chain was looking for a single...

  • *Shares hit record high of $73.40. June 23- Darden Restaurants Inc said it plans to separate some of its restaurants into a publicly traded real estate investment trust as part of changes engineered by activist investor Starboard Value LP. Darden said on Tuesday said it would transfer about 430 restaurants, mostly Olive Garden properties, to the REIT this year...

  • June 23- Darden Restaurants Inc said it intends to separate some of its restaurants into a publicly traded real estate investment trust as part of a plan to pay down about $1 billion of debt. The owner of the Olive Garden restaurant chain said it would transfer about 430 of its more than 1,500 restaurants to the REIT this year and lease back most of the properties.

  • June 23- Darden Restaurants Inc said it intends to separate part of its real estate assets into a real estate investment trust as part of a plan to pay down about $1 billion of debt. The owner of the Olive Garden restaurant chain said it would transfer about 430 restaurants to the REIT this year and lease back the most of the properties. Darden also reported a 14...

  • Marriott: Hotel occupancy drops in South Korea Monday, 22 Jun 2015 | 7:47 PM ET
    Marriott: Hotel occupancy drops in South Korea

    Following the MERS outbreak in South Korea, hotel occupancy rates fell to 50 percent, from 70-80 percent in the same period a year earlier, says Craig Smith, president of APAC at Marriott International.

  • June 22- General Mills Inc, maker of Cinnamon Toast Crunch and Original Cheerios cereals, said it would stop using artificial flavors and colors in almost all of its cereals, joining the U.S. food industry's move towards products perceived as healthier. Taco Bell and Pizza Hut, two of Yum Brands Inc's largest restaurant chains, sandwich chain Subway and Nestle USA...

  • Hotel prices in Silicon Valley skyrocket Friday, 19 Jun 2015 | 3:55 PM ET
    Aloft Silicon Valley hotel

    A hotel room in Silicon Valley averages $327 per night, making it more expensive than a room in New York or London.

  • June 19- Brazilian steakhouse chain operator Fogo De Chao Inc became the latest restaurant operator to serve up a successful market debut as its shares rose as much as 32.7 percent in their first day of trading. Burger chain Shake Shack Inc, chicken-and-biscuits chain Bojangles Inc and chicken-wing chain Wingstop Inc have all had hugely successful debuts...