WASHINGTON, Jan 30- Food distributor Sysco Corp and its biggest rival, US Foods Inc, have offered to sell a smaller competitor 11 facilities in order to convince skeptical antitrust regulators to approve their $3.5 billion merger, a source briefed on the matter told Reuters. The deal, proposed in December 2013, is seen as problematic because Sysco and US Foods are...» Read More
Sept 12- Olive Garden owner Darden Restaurants Inc on Friday reported a quarterly loss, but its results were overshadowed by activist investor Starboard Value LP's release of its revised plan to boost Darden's profit and stock price.
Contemporary artist Domingo Zapata, and Scott Gerber, Gerber Group CEO, discuss the launch of "Studio" at the W New York Union Square hotel. Zapata used the lounge as his personal canvas to paint his interpretation of "Alice in Wonderland."
TOKYO, Sept 11- Rakuten Inc, Japan's largest e-commerce company, has been actively considering launching a service like website Airbnb that would provide a hub to rent apartments and homes in Japan to short-term guests, two people with knowledge of the developing plans told Reuters.
Vail Resorts on Thursday agreed to buy out Park City Mountain Resort for $182.5 million in cash.
Sept 10- Atlantic City's Revel casino-hotel, which closed earlier this month after filing for bankruptcy, reached a deal to sell itself to a Florida developer for $90 million in cash, a fraction of the billions of dollars it cost to build.
Sept 10- Atlantic City's Casino Hotel, which closed earlier this month after filing for bankruptcy, reached a deal to sell itself to a Florida developer for $90 million in cash, according to court documents on Wednesday.
*Comes after a string of disappointing Tokyo debuts. TOKYO, Sept 10- Japan's largest recruitment company Recruit Holdings said it is planning an initial public offering worth $1.8 billion, which will test investor appetite for big Tokyo listings after some weak debuts this year.
Beijing's anti-graft drive only impacts government spending, says Simon Cooper, President & MD, Asia Pacific at Marriott International, adding that China is still seeing fantastic growth.
The company that owns the bottom of Park City's most popular ski resort has agreed to pay a $17.5 million bond to maintain access to the top.
Sept 9- McDonald's Corp reported a fall in sales at established restaurants across all regions in August, the fifth such monthly drop since CEO Don Thompson took the helm in July 2012.
NEW YORK, Sept 9- Shares of McDonald's Corp are lower in premarket trading on Tuesday, with the fast food giant down 0.6 percent at $91.95 in the wake of its August sales data. McDonald's is the third-worst performing Dow component in 2014, behind only General Electric and Boeing Co..
In a statement on Tuesday, McDonald's Japan said sales at stores open at least 13 months dropped 25.1 percent in August, while the number of customers fell 16.9 percent, mainly due to concerns about food safety. "At the moment, we don't know how long the impact will last," a McDonald's Japan spokeswoman added.
ATLANTA, Sept 8- S. Truett Cathy, the founder of the Chick-fil-A fast-food chain known for its chicken sandwiches as well as for its president's public opposition to gay marriage, died on Monday at age 93, the company said.
NEW DELHI, Sept 8- The jailed chief of India's Sahara conglomerate has won 15 days more from the Supreme Court to use his makeshift office in prison to negotiate the sale of his group's trophy overseas hotels and raise $1.7 billion in bail money.
How do restaurants expand? They build their existing business or buy growth. Here are a number of concepts that restaurants are betting on.
Carl's Jr.'s ads featuring scantily clad women are designed to grab the attention young men. Now two sisters are calling for a boycott.
ORLANDO, Fla., Sept 5- A U.S. judge has ruled that food servers and bartenders employed by Darden Restaurants Inc, which owns chains including Olive Garden, the Capital Grille and LongHorn Steakhouse, cannot sue the company as a group for alleged wage violations.
El Pollo Loco can thank some of its recent success to competitors like Chipotle Mexican Grill, its CEO said.
NEW DELHI, Sept 5- India's Sahara conglomerate would rather mortgage its trophy overseas hotel properties than sell them to raise the $1.7 billion in bail money for its jailed chairman, a senior company executive told Reuters.
NEW YORK/ LOS ANGELES, Sept 4- U.S. fast-food workers staged protests in some 150 cities on Thursday in a fight for higher pay, and organizers said more than 450 were arrested from Manhattan's Times Square to Los Angeles. About 400 protesters clogged Times Square during morning rush hour in the latest of ongoing actions aimed at raising their wage to $15 an hour.