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.» Read More
March 2- While Colorado environmental groups work to put a ballot measure before voters this fall that could severely hobble the U.S. energy industry, Whiting Petroleum Corp is busy figuring out where in the state it can spend $10 billion over the next decade. The Denver- based company sees Colorado as key to its plan to sharply boost oil and natural gas production.
NEW YORK, Feb 28- TGI Fridays, the global casual dining restaurant chain known for its red-striped canopies and memorabilia-rich decor, is in advanced talks to sell itself to buyout firm TriArtisan Capital Partners, people familiar with the matter said on Friday.
Darden Restaurants isn't just defending itself against activists. It's also trying keep critical analysts out of the public eye.
McDonald's is planning to expand "build-your-own burger" concept, as it aims to adopt the customization trend in the fast-food industry.
Christopher Nassetta, Hilton Hotels president & CEO, discusses the weather's impact on hotel industry and the company's earnings. Nassetta also explains why he is optimistic with his forecast for 2014 and weighs in on the competition.
Feb 27- Hilton Worldwide Holdings Inc, the world's largest hotel operator, reported a 13 percent rise in quarterly revenue as increasing business and leisure travel pushed up occupancy and room rates.
Feb 27- Hilton Worldwide Holdings Inc, the largest U.S. hotel operator by market capitalization, reported a 13 percent rise in revenue due to higher occupancy and room rates at most of its properties. Revenue rose to $2.64 billion in the quarter ended Dec. 31. Total revenue per available room rose 4.7 percent.
Feb 26- Restaurant operator Noodles& Co reported weaker-than-expected fourth-quarter results, blaming the unusually cold winter in the United States, which it also said would hurt results in the current quarter.
Delta said it will become the latest carrier to change its frequent-flier program to a system based on ticket price rather than miles.
It may be time for Darden Restaurants to let shareholders take Red Lobster into their own hands.
Feb 25- Domino's Pizza Inc, the second-largest U.S. pizza chain, reported a 5 percent rise in quarterly revenue as new menu items helped boost sales around the world. The company, whose rivals include Yum Brands Inc's Pizza Hut, Little Caesars Pizza and Papa John's International Inc, said international comparable sales rose 7 percent.
Feb 24- Darden Restaurants Inc's plan to spin off its Red Lobster chain should be put to a shareholder vote, activist hedge fund Starboard Value LP said, drawing support from at least one other investor. Darden said in December it would spin off or sell the floundering Red Lobster chain, bowing to pressure from hedge fund Barington Capital Group.
Why should Corporate America support the gay community? It can't afford not to, says Marriott CEO Arne Sorenson.
As lending options returned last year, hotel companies have ramped up construction, including Best Western, which is aiming for a more upscale market.
Feb 24- Darden Restaurants Inc's plan to spin off its Red Lobster chain should be put to a shareholder vote, activist hedge fund Starboard Value LP said. Darden said in December it would spin off or sell the floundering Red Lobster chain, bowing to pressure from hedge fund Barington Capital Group.
Feb 24- Activist hedge fund Starboard Value LP wants to put to shareholder vote Darden Restaurants Inc's plan to spin off its Red Lobster chain, the Wall Street Journal reported, citing a letter Starboard plans to send to shareholders on Monday.
District Judge Jane Boyle in Dallas found that the lawsuit, brought by consumers who claimed they paid inflated prices for their rooms, failed to adequately show that such a conspiracy existed.
The firm, which declined to comment on future plans for cash returns, said refurbishments to hotels in Asia and the Middle East, Paris and New York would put capital expenditure at around $385 million in 2014, ahead of analyst forecasts, with the impact from hotel and room closures reducing operating profit by $9 million.
Marathons represent big business opportunities for hotels. What properties are doing to draw in runners as guests.
Hundreds of more flights are canceled as airlines struggle with storm-battered Valentine's weekend schedules.