GO
Loading...

Hotels, Restaurants and Leisure

More

  • Oct 21- McDonald's Corp Chief Executive Officer Don Thompson owned up to some corporate image problems on Tuesday after it posted a nearly one-third drop in quarterly profit and warned that its global restaurant sales would fall again this month. Stock in the fast-food chain, which Thompson conceded is sometimes seen as little more than "a manufacturing plant,"...

  • Oct 21- McDonald's Corp reported a 30 percent fall in quarterly profit due to a food scandal in China and tough competition in the United States, and the world's largest restaurant chain said these factors were expected to hurt current-quarter results. McDonald's business in Europe, its biggest market, was hurt by issues in Russia and Germany.

  • McDonald's quarterly profit falls 30 pct Tuesday, 21 Oct 2014 | 8:11 AM ET

    Oct 21- McDonald's Corp reported a 30 percent fall in quarterly profit, hurt by a food scandal in China and intense competition in the United States. The company's net income fell to $1.07 billion, or $1.09 per share, in the third quarter ended Sept. 30 from $1.52 billion, or $1.52 per share, a year earlier. Total revenue at the world's largest restaurant chain fell 4.6...

  • How to save, and even cash in, on airport parking Saturday, 18 Oct 2014 | 3:00 PM ET

    A little research can uncover deep discounts, freebies and even options to get paid for leaving your car while on vacation.

  • Tesla—the other one—nets a big crowdfunding win Saturday, 18 Oct 2014 | 11:00 AM ET
    A film still from the documentary “Tower to the People” shows how Nikola Tesla’s Wardenclyffe lab may have looked on Long Island before his wireless transmission tower was torn down in 1917.

    The last remaining lab of "mad scientist" Nikola Tesla will open it doors to the public this summer after a fundraising campaign saved the site.

  • Oct 16- Delta Air Lines Inc's quarterly profit slumped 74 percent as higher operating expenses did not allow the U.S. airline to take advantage of strong business and leisure travel. The Atlanta- based airline also booked a $134 million loss on extinguishment of debt and set aside $222 million as income tax provision. Net income dropped to $357 million, or 42 cents...

  • Delta Air Lines profit slumps Thursday, 16 Oct 2014 | 7:52 AM ET

    Oct 16- Delta Air Lines Inc's quarterly profit fell 74 percent to $357 million, partly due to a jump in operating expenses.

  • UPDATE 1-Burger chain Habit Restaurants files for IPO Thursday, 16 Oct 2014 | 7:12 AM ET

    Oct 16- Habit Restaurants Inc, a fast-food restaurant chain known for its burgers, filed with U.S. regulators on Thursday for an initial public offering of common stock. The Irvine, California- based company listed Piper Jaffray, Baird and Wells Fargo among the underwriters to the IPO. The company, which operates the Habit Burger Grill chain of restaurants, offers...

  • Burger chain Habit Restaurants files for IPO Thursday, 16 Oct 2014 | 6:25 AM ET

    Oct 16- Habit Restaurants Inc, a fast-food restaurant chain known for its burgers, filed with U.S. regulators on Thursday to raise up to $86.3 million in an initial public offering of common stock. The Irvine, California- based company listed Piper Jaffray, Baird and Wells Fargo among the underwriters to the IPO. The amount of money a company says it plans to raise in...

  • UPDATE 1-Darden Restaurants names Gene Lee interim CEO Tuesday, 14 Oct 2014 | 10:53 AM ET

    Oct 14- Darden Restaurants Inc named Chief Operating Officer Gene Lee as its interim chief executive, barely a week after activist shareholder Starboard Value LP won its standoff with the company and convinced shareholders to replace the entire board of directors. He has previously led a similar search for office products retailer Office Depot Inc, and is...

  • Darden Restaurants names Gene Lee interim CEO Tuesday, 14 Oct 2014 | 9:56 AM ET

    Oct 14- Darden Restaurants Inc said Chief Operating Officer Gene Lee would take over as its interim chief executive, replacing Clarence Otis. The company said on Tuesday its new board of directors has also appointed activist-investor Starboard Value LP's Jeffrey Smith as independent non-executive chairman. Starboard last week won its standoff with Darden,...

  • That was an easy choice recently for Glenda Oakley, 31, who stayed at a Westin hotel in Charlotte, North Carolina. "I don't need extra towels... or someone else to make my bed daily," said Oakley, an Army veteran and motivational speaker from San Antonio, Texas. Also on board are an assortment of independent properties, like the Amway Grand Plaza in Grand Rapids, Michigan;...

  • Domino's quarterly profit tops Wall Street view Tuesday, 14 Oct 2014 | 7:31 AM ET

    Oct 14- Domino's Pizza Inc on Tuesday reported a quarterly profit that topped Wall Street's estimates, boosted by strong results overseas and its home market of the United States, where rival Pizza Hut is struggling. The second-largest U.S. pizza chain by store count said net income rose to $35.6 million, or 63 cents per share, in the third quarter ended Sept. 7 from...

  • PARIS, Oct 13- Accor, Europe's largest hotel group, is among potential buyers of No. 2 budget operator Louver Hotels, which owner U.S. investment group Starwood Capital is seeking to sell, a source close to the matter said on Monday. French daily Les Echos said on Monday that Starwood was seeking buyers for Louver Hotels and that Accor was among those that had...

  • PARIS, Oct 13- Accor, Europe's largest hotel group, is among potential buyers of No. 2 budget operator Louvre Hotels, which owner U.S. investment group Starwood Capital is seeking to sell, a source close to the matter said on Monday. French daily Les Echos said on Monday that Starwood was seeking buyers for Louvre Hotels and that Accor was among those that had...

  • Myanmar's first KFC restaurant to open in 2015 Monday, 13 Oct 2014 | 4:20 AM ET

    SINGAPORE, Oct 13- Yum Brands Inc is partnering with Singapore- listed Yoma Strategic Holdings Ltd to debut a KFC restaurant in Myanmar in 2015, making it one of the first big Western fast-food chains to enter the newly emerging market. Yoma, a Myanmar- focused diversified real estate company, said the KFC franchise would initially focus on Yangon, the country's...

  • How to get the vapors when you're on vacation Saturday, 11 Oct 2014 | 11:00 AM ET
    A man smokes an electronic cigarette in Miami.

    E-cig consumption is on track to pass regular cigarettes in a decade, but for now, rules on where you can smoke are often unclear.

  • The one thing guarding you from a bedbug apocalypse Saturday, 11 Oct 2014 | 9:31 AM ET

    Bedbugs have not gone away, they've just found new places to hide. But the answer to the problem might be closer than you think.

  • UPDATE 1-Sears detects data breach at Kmart unit Friday, 10 Oct 2014 | 6:36 PM ET

    Oct 10- Retailer Sears Holdings Corp said the payment data system at its Kmart unit had been breached, and that certain debit and credit card numbers could have been compromised. On Thursday, restaurant chain Dairy Queen, owned by Berkshire Hathaway Inc, confirmed that it may have compromised payment card information of customers across 46 U.S. states.

  • FACTBOX-Darden, Starboard's dueling board nominees Friday, 10 Oct 2014 | 6:00 AM ET

    -Michael Barnes, Darden director since 2012. Chief Executive Officer of Signet Jewelers Ltd.- Christopher Fraleigh, Darden director since 2008. Chairman and CEO of Shearer's Foods Inc.- Michael Rose, Darden director since 1995. Chairman of Midaro Investments Inc.- Maria Sastre, Darden director since 1998. President and chief operating officer of Signature...