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Hotels, Restaurants and Leisure

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  • Darden uses lobster claws on critical analysts Friday, 28 Feb 2014 | 12:27 PM ET

    Darden Restaurants isn't just defending itself against activists. It's also trying keep critical analysts out of the public eye.

  • McDonald's to expand 'build your own burger' test Thursday, 27 Feb 2014 | 12:37 PM ET

    McDonald's is planning to expand "build-your-own burger" concept, as it aims to adopt the customization trend in the fast-food industry.

  • Hilton CEO: Asia-Pacific leading growth     Thursday, 27 Feb 2014 | 11:42 AM ET

    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.

  • Cold US winter eats into Noodles & Co's quarterly profit Wednesday, 26 Feb 2014 | 5:15 PM ET

    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: No more miles! Wednesday, 26 Feb 2014 | 11:50 AM ET
    Ground crew personnel service Delta planes at the Salt Lake City international Airport on November 27, 2013 in Salt Lake City, Utah.

    Delta said it will become the latest carrier to change its frequent-flier program to a system based on ticket price rather than miles.

  • Investors should decide Darden's Red Lobster spin Wednesday, 26 Feb 2014 | 7:02 AM ET
    Red Lobster in Times Square, New York.

    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.

  • Business can't afford inequality: Marriott CEO Monday, 24 Feb 2014 | 11:13 AM ET
    Kauai Marriott Resort

    Why should Corporate America support the gay community? It can't afford not to, says Marriott CEO Arne Sorenson.

  • Hotel construction in post-recession boom phase Monday, 24 Feb 2014 | 10:37 AM ET
    Best Western Premier hotel in Herald Square, New York.

    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.

  • Hotels in a dead heat to land new type of guest Saturday, 15 Feb 2014 | 3:00 PM ET
    Runners cross the finish line at the 2013 New York City Marathon.

    Marathons represent big business opportunities for hotels. What properties are doing to draw in runners as guests.

  • Airlines struggle back from worst travel day yet Friday, 14 Feb 2014 | 12:03 PM ET
    Storm-weary travelers sleep in the baggage claim area at Dulles International, Feb. 13, 2014.

    Hundreds of more flights are canceled as airlines struggle with storm-battered Valentine's weekend schedules.

  • Feb 14- Hyatt Hotels Corp recorded a better-than-expected jump in quarterly revenue as growing confidence in the U.S. economy drew more business travelers and tourists to its hotels in the Americas.

  • Feb 14- Hyatt Hotels Corp reported a 9 percent rise in quarterly revenue due to higher occupancy and room rates across most of its properties. Net income attributable to Hyatt doubled to $32 million, or 20 cents per share, in the fourth quarter ended Dec. 31 from $16 million, or 9 cents per share, a year earlier. The company's revenue rose to $1.09 billion from $1 billion.