July 31- Burger King Worldwide Inc said on Thursday it would no longer buy products from OSI Group LLC suppliers in China, where the fast-food hamburger chain has about 200 restaurants.» Read More
BEIJING— The owner of the KFC and Pizza Hut restaurant chains said Thursday a food safety scandal in China has hurt sales and might be severe enough to cut into the company's global profit.
CNBC's Jane Wells spends a day in the life of a Malibuian as she walks rescue dogs, eats local and does Taichi on a Pacific cliff.
Arne Sorenson, Marriott president & CEO, breaks down Marriott's second quarter results and weighs in on current travel trends, including trips to Russia.
McDonald's and its franchisees can be held liable in complaints that the company violated employee rights, an official at the U.S. NLRB said.
July 29- McDonald's Corp, not just its franchisees, can be held liable in complaints that the company violated employee rights, an official at the U.S. NLRB general counsel Richard Griffin Jr. wrote in the letter that of the 181 complaints filed against the fast-food chain since November 2012 in connection with employee protests, 43 had merit.
BETHESDA, Md.— Marriott International has more guests staying in its rooms and they are paying more per night than guests did last year. The biggest gains came in the Caribbean and Latin America, where room rates climbed 8 percent.
The decision is pivotal because it could expose McDonald's Corp. to liability for management practices in those locations. The same is true for many other fast-food chains, including Burger King and Yum Brands, which owns Taco Bell, KFC and Pizza hut.
Christopher Nassetta, Hilton Worldwide president & CEO, says Hilton Hotels are revolutionizing the hotel experience by offering guests the ability to check-in, select rooms and customize the hospitality experience all from their smartphones.
TOKYO— McDonald's in Japan is increasing its checks on chicken from vendors in China and Thailand after allegations a Chinese supplier sold expired chicken. The U.S. fast-food chain's Japan unit on Tuesday withdrew this year's earnings and sales forecasts, citing uncertainties from the food scandal.
*McDonald's Japan has changed suppliers after scandal in China. TOKYO, July 29- McDonald's Holdings Co withdrew its earnings guidance for the year on Tuesday and said it was working on a contingency plan after a major meat supplier in China was shut down by regulators for food safety breaches.
July 28 (Reuters)- Darden Restaurants Inc said Clarence Otis would step down as chairman and chief executive officer, buckling under pressure from activist investors Barington Capital Group LP and Starboard Value LP.
VILLA PARK, Ill.— In a story July 26, The Associated Press reported that Latoya Caldwell, a mother of four from Kansas City, Missouri, who earns $7.50 an hour at a Wendy's restaurant, said she works six days a week to get 40 hours and takes home $435 per paycheck.
Branson, whose investment in the airline is restricted by U.S. foreign investment rules, owns a 22 percent stake in Virgin America through the Virgin Group and a hedge fund.
Companies including Chipotle Mexican Grill Inc, Apple Inc and PepsiCo have shown they're able to take advantage of quality, trendiness, and, in the case of Pepsi's snack foods, market dominance, to maintain high prices or even raise them faster than the inflation rate, now at about 2.1 percent in the U.S.
VILLA PARK, Ill.— Comparing their campaign to the civil rights movement, fast food workers from across the country voted Saturday to escalate their efforts for $15- an-hour pay and union membership by using nonviolent civil disobedience. "People are just fed up," said Cindy Enriquez, 20, of Phoenix.
NEW YORK— Wall Street is still hungry for fast-casual restaurant chains. Others, including Zoe's Kitchen Inc., Potbelly Corp. and Noodles& Co., also climbed in their initial public offerings.
July 25- Shares of El Pollo Loco Holdings Inc rose as much as 32 percent in their trading debut, valuing the restaurant chain at more than $700 million. The company raised $107.1 million after its initial public offering of 7.1 million shares were priced at $15 each, at the higher end of the range.
HONG KONG— McDonald's restaurants in Hong Kong have taken chicken nuggets and chicken filet burgers off the menu after a U.S.-owned supplier in mainland China was accused of selling expired meat. The fast food chain said late Thursday that it "suspended relevant food ingredients" at Hong Kong outlets in light of the scandal surrounding Shanghai Husi Food Co..
CHICAGO— Fast food workers say they're prepared to escalate their campaign for higher wages and union representation, starting with a national convention in suburban Chicago where more than 1,000 workers will discuss the future of the effort that has spread to dozens of cities in less than two years.
HONG KONG— McDonald's restaurants in Hong Kong have taken chicken nuggets and chicken burgers off the menu after a mainland Chinese supplier was accused of selling expired meat. The fast food chain said late Thursday that it "suspended relevant food ingredients" at Hong Kong outlets in light of the scandal surrounding Shanghai Husi Food Co..