The food industry is closely watching the Food and Drug Administration to see which establishments are included in the final menu labeling rules, which are expected this year. FDA Commissioner Margaret Hamburg told Congress earlier this month that writing the rules has been "much more challenging than expected."» Read More
April 24- Royal Caribbean Cruises Ltd, the world's second-largest cruise operator, reported a much lower-than-expected quarterly profit as costs rose and passengers spent less onboard. Shares of the company, whose cruise lines include Royal Caribbean International, Celebrity Cruises and Azamara Club Cruise, fell as much as 3.2 percent in early trading.
VANCOUVER, April 23- The Canadian unit of McDonald's Corp has suspended all of its applications under the country's temporary foreign worker program as its undergoes a third-party audit on its use, the restaurant chain said on Wednesday.
CALABASAS HILLS, Calif.— The Cheesecake Factory Inc. said Wednesday that bad weather, a shift in holiday timing and legal costs weighed on its first-quarter profits. The restaurant chain said after the market closed that it earned $22.5 million, or 43 cents per share, for the quarter that ended April 1.
Four Seasons is launching its first private jet, which will hold just 52 people, reports CNBC's Robert Frank.
Four Seasons is announcing today that it is launching the industry's first fully branded private jet. CNBC's Robert Frank reports the jet is a converted 757 that will hold just 52 people.
Peer-to-peer home rental site gets its day in court.
NEW YORK— Yum Brands reported a higher-than-expected profit for its first quarter highlighted by a rebound in KFC sales in China, where concerns about the safety of the chain's chicken supply eased. The company, which also owns Taco Bell and Pizza Hut, said Tuesday that sales at established locations in China rose 9 percent for the period.
April 22- Darden Restaurant Inc has 60 days to call a shareholder meeting to vote on activist investor Starboard Value LP's proposal to delay the company's plan to spin off its struggling Red Lobster chain, CNBC reported.
April 22- McDonald's Corp posted a lower quarterly profit on Tuesday as high beef costs bit into margins and fewer customer visits resulted in a bigger-than-expected decline in sales at the fast-food chain's established U.S. restaurants.
April 22- McDonald's Corp posted a lower quarterly profit on Tuesday as sales at the fast-food chain's established U.S. restaurants fell more than expected on fewer customers. In the Asia Pacific, the Middle East and Africa region, same-store restaurant sales rose 0.8 percent, compared to analyst projections for a 0.5 percent increase.
NEW YORK— McDonald's is fighting to hold onto customers in the U.S. The world's biggest hamburger chain said sales at established U.S. locations fell 1.7 percent in the first three months of the year as guest counts declined.
The ACSI Travel Index is based on random interviews with more than 7,400 U.S. customers of airlines, hotels and Internet travel websites from October 2013 to March 2014.
One of the major disruptors in the lodging industry heads to court Tuesday to defend the way it does business.
The environmentally-friendly alternative housing movement is expanding to the hotel industry.
SANTA PAULA, Calif.— What was supposed to be a cheap bite at Del Taco turned out to be small fortune for some Southern California customers. Customer Michael Cole said he was surprised when he was charged $4,050 for one CrunchTada Pizza and two beef tacos.
NEW YORK— In a story April 17 about restaurant sales, The Associated Press reported erroneously that the average sales in a Starbucks location in 2013 was $13.1 million. NEW YORK— Chipotle restaurants are ringing up more sales than ever before.
The art deco-designed Raleigh Hotel in South Beach has a fashionable new owner.
In a call with analysts, Chipotle's Chief Financial Officer Jack Hartung said the strong performance pushed the company's average annual sales to more than $2.2 million per restaurant for the first time. McDonald's, for instance, has long outpaced Burger King and Wendy's in part because of the popularity of its breakfast menu.
Early numbers show travelers are looking to book bigger and better vacations as soon as the weather warms up.
Hard Rock Hotel Palm Springs is allowing people to register as shareholders on Realtymogul.com, earn dividends, and enjoy perks when they visit.