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Hotels, Restaurants and Leisure

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  • Corrin, 33, worked at the marketing department of fashion designer Oscar de la Renta in New York before moving back to Canada. Freshii, which offers wraps and quinoa bowls, and uses kale liberally in its salads, has become a household name in Canada with consumers increasingly looking for healthier eatout options. A string of U.S. fast-casual chains including...

  • Hard Rock plans NJ casino Wednesday, 3 Jun 2015 | 2:43 PM ET
    Hard Rock plans NJ casino

    Hard Rock and the Meadowlands racetrack are unveiling plans to develop a casino in northern New Jersey. Jim Allen, Hard Rock chairman, explains how the tax revenues from the new casino can help Atlantic City.

  • *Wendy's launches $850 mln share buyback on Wednesday. June 3- Hamburger chain Wendy's Co will buy back $1.4 billion of shares, including $211 million from Nelson Peltz's Trian Group, its largest shareholder, in its biggest repurchase program. Wendy's shares rose as much as 5.5 percent to an over seven-year high of $11.71 on Wednesday.

  • June 3- Nelson Peltz's Trian Group said it planned to reduce its stake in hamburger chain Wendy's Co to 17.0-19.7 percent in the "next few months" from 24.8 percent. As a part of the plan, Wendy's will buy back $211 million of its shares from Trian, its largest shareholder, under a $1.4 billion share buyback program it announced on Wednesday. Wendy's said it expected...

  • Hamburger chain Wendy's to buy back $1.4 bln of shares Wednesday, 3 Jun 2015 | 7:52 AM ET

    June 3- Hamburger chain Wendy's Co said it would buy back $1.4 billion of shares by the end of 2016, including $211 million from Nelson Peltz's Trian Group, its largest shareholder. The company also adjusted its full-year earnings forecast on Wednesday to reflect the sale of its bakery operations. Wendy's said it expected 2015 adjusted earnings of 31- 33 cents...

  • BEIJING, June 3- Shenzhen Airlines has struck a deal with Boeing Co to buy 46 B737 planes for $4.3 billion, the carrier's parent Air China Ltd said on Wednesday, as the group seeks to grow the number of routes served in China's booming air travel market. The new planes, to be delivered between 2016 and 2020, are expected to increase Shenzhen Air's capacity by 6 percent,...

  • Is it time to buy the Bojangles' dip? Tuesday, 2 Jun 2015 | 5:30 PM ET

    Regional chicken chain Bojangles' has built a loyal following, but the Street remains divided on whether the latest hot restaurant stock is a "buy."

  • Sales volume was up 81 percent to $13.3 billion in the first four months of the year in the Americas, driven by U.S. deals, according to Jones Lang LaSalle. The notion of an overheating market is not merited, a bevy of speakers at New York University's International Hospitality Industry Investment Conference said on Monday. We would say no, "said Jonathan Gray, global...

  • Hilton Worldwide CEO: Looking at possible REIT Monday, 1 Jun 2015 | 1:14 PM ET
    A pedestrian walks past a Hilton Worldwide Holdings hotel in San Francisco.

    CEO Christopher Nassetta says Hilton Worldwide is seriously considering spinning off its $13 billion in properties into a real estate investment trust.

  • The 'LeBron Effect' turns out to mean real dollars Monday, 1 Jun 2015 | 11:41 AM ET
    LeBron James drives against DeMarre Carroll of the Atlanta Hawks

    As LeBron James and the Cleveland Cavaliers gear up for 2015 NBA Finals, the team's investment in the 11-time NBA All-Star appears to be paying off.

  • Focused on quality of growth: Four Seasons CEO Monday, 1 Jun 2015 | 10:51 AM ET
    Focused on quality of growth: Four Seasons CEO

    Allen Smith, Four Seasons Hotels & Resorts CEO, joins CNBC's Simon Hobbs to discuss the outlook on business and expectations on service.

  • May 27- McDonald's Corp will stop reporting monthly same-store sales after June to focus on longer-term actions as part of its turnaround plan, the newly-appointed chief executive of the world's biggest restaurant chain said. "Disclosing comparable sales as part of our quarterly reporting is consistent with nearly all retailers and will provide a greater...

  • May 27- McDonald's Corp will stop reporting monthly same-store sales after June, Bloomberg reported, citing an email from the retailer. The world's biggest restaurant chain will stop providing the closely-watched metric for each month after reporting second-quarter results, Bloomberg said. McDonald's was not immediately available for comment.

  • Retailers Walgreen Co and Payless Shoesource Inc, and hotel chain group Choice Hotels International Inc on Tuesday followed the lead of General Mills Inc in removing their ads from the program. "We share your concerns and we have decided to remove our advertising from the show," said Choice Hotels, which runs Comfort Inn and Econo Lodge chains, among others.

  • May 26- Taco Bell and Pizza Hut, two of Yum Brands Inc's largest restaurant chains, said they would remove artificial colors and flavors from their food as consumers shift to products perceived as healthier. Taco Bell said on Tuesday it planned to replace all artificial flavors and colors and some additives such as trans-fats in its foods with natural...

  • Marriott: 'Hotel occupancy still good in Macau' Monday, 25 May 2015 | 9:16 PM ET
    Marriott: 'Hotel occupancy still good in Macau'

    Simon Cooper, managing director for Asia Pacific at Marriott International, says occupancy rates in Macau are unaffected by the fall in gaming revenues hence the decision to open the 1,000-room JW Marriott.

  • JOHANNESBURG, May 25- South African fast-food restaurant group Famous Brands plans to enter Ghana this year as part of its drive to grow beyond a domestic market held back by high unemployment and sharply rising electricity costs. However the company, which runs Steers, Debonairs Pizza and Wimpy restaurants, said on Monday it was pulling out of India less than...

  • LOS ANGELES/ BOSTON, May 21- McDonald's Corp shareholders defied executives at its annual meeting on Thursday, approving a proposal to make it easier to nominate directors to the board of the fast-food chain and taking its new CEO to task over wages, advertising and its food. McDonald's Chief Executive Steve Easterbrook, who took the helm on March 1, is fighting on...

  • LOS ANGELES/ BOSTON, May 21- McDonald's Corp shareholders on Thursday approved a proposal that would make it easier to nominate directors to the board of the fast-food chain, which is in turnaround mode after losing customers and sales to competition and after internal missteps. The California Public Employees' Retirement System and the New York City Pension...

  • Hotel outlook sunny but dark clouds loom Thursday, 21 May 2015 | 7:23 AM ET
    Hotel outlook sunny but dark clouds loom

    Jonathan Tisch, Loews Hotel chairman, shares his outlook on tourism, and weighs in on the strong U.S. dollar and whether there is a hotel room glut in New York City.