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  • Boosting overtime: Obama calls for broader coverage Tuesday, 30 Jun 2015 | 3:20 AM ET

    WASHINGTON— They're called managers, and they sometimes work grueling schedules at fast food chains and retail stores. "We've got to keep making sure hard work is rewarded," President Barack Obama wrote in an op-ed published Monday in The Huffington Post. Employers can now often get around the rules: Any salaried employee who's paid more than $455 a week— or $23,660...

  • 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: Fewer Happy Meal orders opting for soda Thursday, 25 Jun 2015 | 8:46 AM ET

    NEW YORK— McDonald's says fewer people are picking soda for Happy Meals after it stopped listing the drinks as an option on its menu boards. The results were noted in a report commissioned by McDonald's Corp. to track its progress on a pledge made in late 2013 with the Alliance for a Healthier Generation, which was founded by the Clinton Foundation and the...

  • Marriott, Universal Music form partnership Thursday, 25 Jun 2015 | 8:01 AM ET

    NEW YORK— Marriott is getting into the music business, so to speak. The chain said Thursday it is linking up with Universal Music Group in a partnership in which some of the music conglomerate's top stars will perform at Marriott hotels, as well as other branding opportunities. Marriott is going one step further with what it calls a "first-of-its-kind" partnership...

  • *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...

  • Green Dot and Sonic are big market movers Tuesday, 23 Jun 2015 | 4:51 PM ET

    NEW YORK— Stocks that moved substantially or traded heavily Tuesday on the New York Stock Exchange and the Nasdaq Stock Market:. Green Dot Corp., up $6.21 to $21.52. The bank holding company signed a five-year extension to serve as Wal-Mart Stores Inc.' s prepaid debit card products program.

  • *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.

  • Darden Restaurants to split off properties into REIT Tuesday, 23 Jun 2015 | 7:38 AM ET

    ORLANDO, Fla.— Darden Restaurants Inc. is planning to create a real estate investment trust that will function as its own publicly traded company. The owner of Olive Garden and other restaurants said Tuesday that it will transfer about 430 owned restaurant properties to the REIT, with basically all of them being leased back to Darden. Sears Holdings Corp. is...

  • 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...

  • Olive Garden sales up as gas prices and discounts fall Tuesday, 23 Jun 2015 | 7:15 AM ET

    ORLANDO, Fla.— Olive Garden's quarterly sales rose 3.4 percent at established locations as customers spent more at the struggling Italian chain. Parent company Darden Restaurants is moving away from some of the heavy discounting Olive Garden had relied on in the past to boost traffic, such as promotional entrees for $9.99 and $10.99. Darden Restaurants Inc.,...

  • 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...

  • NEW YORK, June 18- McDonald's Corp said Thursday that it will have fewer restaurants in the United States in 2015 than it did last year. In April, McDonald's announced 350 restaurant closings in the United States, China and Japan, in addition to the 350 closings it had planned globally. Last month, CEO Steve Easterbrook said he would reorganize business units, sell...

  • June 18- Investment adviser Mitch Tuchman scored a deal any traveler would be proud of: $280 a night for a recent stay at the luxurious Viceroy Hotel in Manhattan, where the going rate can exceed more than $500 on a weeknight. "I can understand a 20 percent, 30 percent increase, but we're talking about 2-1/ 2 times more money just to stay in my room," said Tuchman, managing...

  • June 16- Starbucks Corp, the world's biggest coffee chain, said it would close all 23 of its La Boulange retail locations by the end of September as the stores were not sustainable for its long-term growth. Starbucks, which bought La Boulange bakery owner Bay Bread Group for $100 million in 2012, said it would also close the two manufacturing plants serving the La...

  • June 12- Shares of Wingstop Inc, a Dallas- based chicken wing restaurant chain, rose nearly 70 percent in their market debut on Friday, valuing the company at $914 million. Wingstop, which operates over 750 "pre-jet" aviation-themed restaurants in the United States and six other countries, makes chicken wings in a dozen quirky flavors, ranging from the spiciest "...