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  • LOS ANGELES/ BOSTON, May 21- McDonald's Corp shareholders will vote Thursday on 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. Vanguard Group and BlackRock Inc, major investors that hold significant stakes in...

  • CHICAGO, May 20- Thousands of McDonald's workers seeking a minimum wage of $15 per hour swarmed the fast-food giant's headquarters for the first of two days of protests to coincide with the fast-food chain's annual meeting on Thursday. Companies such as McDonald's Corp and Wal-Mart Stores Inc are raising starting pay and cities like Seattle and Chicago are...

  • ALBANY, N.Y.— Fast-food workers raised their voices across New York on Wednesday to demand a $15- an-hour minimum wage, calling on Gov. On Tuesday the Los Angeles City Council endorsed a plan to raise the city's minimum wage to $15 an hour. Seattle and San Francisco have approved a series of increases to take their minimum wages to $15 within a few years.

  • Cruise ship freed from reef off Bermuda departs for Boston Wednesday, 20 May 2015 | 12:07 AM ET

    SAN JUAN, Puerto Rico— Nearly 3,500 passengers and crew were allowed to disembark Wednesday in Bermuda after their cruise ship became grounded on a reef close to the British island as it tried to depart for Boston. The ship ran aground as it departed Bermuda after a temporary malfunction in the steering system forced it slightly off course, the company said.

  • Cruise ship freed after running aground off Bermuda Tuesday, 19 May 2015 | 7:15 PM ET

    SAN JUAN, Puerto Rico— Thousands of passengers bound for Boston will spend Tuesday night stuck aboard a Norwegian cruise ship after it ran aground as it tried to depart Bermuda, officials and passengers said. The ship hit the reef near Bermuda's North Channel and is in a stable position, an official with Bermuda's Rescue Coordination Center told The Associated...

  • GREENWOOD VILLAGE, Colo.— Red Robin Gourmet Burgers Inc. said Tuesday that its first-quarter profit rose as more customers visited and paid more on average per visit. Revenue for the Greenwood Village, Colorado- based company climbed to $394.9 million from $340.5 million, which also beat Wall Street forecasts. Red Robin's total revenue includes company-owned...

  • Why Asia's first Nobu Hotel is in Manila   Monday, 18 May 2015 | 7:20 PM ET
    Why Asia's first Nobu Hotel is in Manila

    CNBC's Susan Li speaks to Robert de Niro and his business partners about why they chose to open Asia's first Nobu Hotel in the Philippines.

  • INDIANOLA, Miss.— Outside Indianola, B.B. King was a blues superstar, a guitar legend who inspired Jimi Hendrix, Eric Clapton and countless other musicians. He would stay there practically all day, "said Ruthie King, a 65- year-old who is not related to the bluesman. B.B. King, born as Riley B. King, died at 89 on Thursday at his home in Las Vegas.

  • May 15- Some of the top U.S. hedge fund investors and activists, including Jana Partners LLC took new positions or raised their equity stakes in fast food chain McDonald's Corp during the first quarter, according to regulatory filings on Friday. Highfields Capital Management LP raised its stake more than 1,000 percent to 9.8 million shares, valued at about...

  • WILKES-BARRE, Pa.— A northeastern Pennsylvania judge has ruled that more than 2,000 people can take the owners of 16 McDonald's restaurants to court over their practice of paying employees with fee-laden debit cards. Former McDonald's employee Natalie Gunshannon and four other people who worked for the franchise owners filed suit in 2013, saying the...

  • King Digital and Pollo Loco are big market movers Friday, 15 May 2015 | 4:37 PM ET

    NEW YORK— Stocks that moved substantially or traded heavily Friday on the New York Stock Exchange and the Nasdaq Stock Market:. King Digital Entertainment Plc., up 8 cents to $15.07. Darling Ingredients Inc., up $1.55 to $15.64.

  • ALBANY, N.Y.— A state board established to examine raising the minimum wage for workers in fast-food restaurants plans hearings across the state in June. Buffalo Mayor Byron Brown, who chairs the board, has tentatively set public hearings June 5 in Buffalo and in the following three weeks in New York City, Long Island and Albany. The state's current minimum of $8.75...

  • May 14- Restaurant chain operator El Pollo Loco Holdings Inc reported weaker-than-expected quarterly comparable sales and forecast a full-year profit largely below estimates, as customer traffic at its restaurants grew at its slowest pace since the company went public in July last year. The company's net income rose to $6.8 million, or 17 cents per share, in...

  • May 14- Restaurant chain operator El Pollo Loco Holdings Inc reported weaker-than-expected quarterly comparable sales, sending its shares down 11 percent in after-market trading on Thursday. The company's net income rose to $6.8 million, or 17 cents per share, in the first quarter ended April 1, from $5.5 million or 18 cents per share, a year earlier.

  • NEW DELHI, May 14- India's Supreme Court has deferred a decision on media-to-hotels group Sahara's bid to obtain bail for its boss, jailed more than a year ago in a long-running dispute over illegal bonds. India's capital market regulator and the court have estimated that Sahara owes as much as $7 billion to the bond investors. The Supreme Court has previously...

  • Carl's Jr., Hardee's top burger with hot dog and chips Thursday, 14 May 2015 | 8:47 AM ET

    NEW YORK— Carl's Jr. and Hardee's are cramming a summer cookout into one burger. "The hot dog is like a smoked meat product, so it's not unlike bacon," said Brad Haley, chief marketing officer of CKE Restaurants, the owner of Carl's Jr. and Hardee's. It goes on sale at both locations on May 20.

  • US STOCKS-Futures higher ahead of weekly jobless data Thursday, 14 May 2015 | 7:36 AM ET

    May 14- U.S. stock index futures were higher on Thursday ahead of weekly jobless numbers, after the market closed little changed on Wednesday on weak April retail sales data. *Dow component Cisco fell 1.2 percent to $29 after the company beat estimates but said spending by telecom customers was not going to improve in the near future. *Puma Biotechnology shares...

  • Xenia Hotels & Resorts reports 1Q results Thursday, 14 May 2015 | 7:21 AM ET

    ORLANDO, Fla. _ Xenia Hotels& Resorts Inc. on Thursday reported a key measure of profitability in its first quarter. The real estate investment trust, based in Orlando, Florida, said it had funds from operations of $50.8 million, or 45 cents per share, in the period. The real estate investment trust that owns hotels, based in Orlando, Florida, posted revenue of $227.9...

  • The Las Vegas Strip hotel-casino that once hosted Frank Sinatra, Liberace and other big-name performers closed May 4, and a liquidation sale opened to the public there Thursday. The Riviera Hotel and Casino's new owners— the Las Vegas Convention and Visitors Authority— plan to demolish the 60- year-old building by year's end and replace it with an expanded...

  • Chinese airlines look inland for outbound opportunities Wednesday, 13 May 2015 | 11:19 PM ET

    By Fang Yan and Matthew Miller BEIJING, May 14- Chinese airlines are banking on the newly rich in China's inland provinces to drive the next phase of their global expansion, offering flights to destinations like San Jose and Nairobi from cities hundreds of miles from aviation hubs on the Chinese coast. Air China, China Eastern Airlines and China Southern...