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  • Hilton Worldwide in talks to buy four hotels - Bloomberg Wednesday, 10 Dec 2014 | 4:25 PM ET

    Dec 10- Hilton Worldwide Holdings Inc is in talks to buy four properties from Blackstone Group LP and others for deferring tax payments from the sale of its Waldorf Astoria hotel in New York, Bloomberg reported. The company is planning to buy San Francisco's Parc 55 Wyndham, two Waldorf Astoria resorts in Key West and one in Orlando, Florida, the report said, citing...

  • Dec 10- The new proposed buyer for the shuttered Revel Casino Hotel said Wednesday that he will not give up his legal challenge to the auction of the Atlantic City, New Jersey, complex even though the winning bidder walked away from the deal. Revel filed papers overnight seeking approval to terminate its deal with Brookfield Property Partners LP and schedule a...

  • UPDATE 3-McDonald's to pare U.S. menus, ingredient lists Wednesday, 10 Dec 2014 | 2:49 PM ET

    Dec 10- McDonald's Corp said on Wednesday it plans to cut the number of items on its U.S. menus and use fewer ingredients in food as it moves to speed up service, bolster sales and offer consumers personalized options to compete better with Subway and Chipotle Mexican Grill. The company is testing its slimmed-down menus in six markets, including Bakersfield,...

  • Dec 10- McDonald's Corp in January will cut eight food items and reduce the number of so-called Extra Value Meals on its U.S. menus in a bid to speed up service and bolster sales, Mike Andres, the company's U.S. president, said on Wednesday. The company is testing its slimmed-down menus in six markets, including Bakersfield, California, and Knoxville, Tennessee, a...

  • Burger wars: Chain bets on 'natural' beef Wednesday, 10 Dec 2014 | 10:16 AM ET
    Carl’s Jr. "All-Natural Burger".

    Carl's Jr. has no antibiotics, no steroids, no added hormones and comes from grass-fed, free-range cattle. USA Today reports.

  • KFC calls on Chinese diners to inspect its kitchen Wednesday, 10 Dec 2014 | 3:59 AM ET

    SHANGHAI, Dec 10- KFC has a message for Chinese diners worried about eating their fried chicken after a safety scare at the fast food chain: come see how we operate for yourself. China is the biggest market by sales for KFC's parent Yum Brands Inc, but sales have slowed since July after a television report alleged that workers at a Yum supplier were adding expired...

  • Dec 10- Shuttered Revel Casino Hotel filed an emergency motion late on Tuesday, seeking approval to terminate its deal with Brookfield Property Partners LP and schedule a hearing to approve the sale to backup bidder Polo North Country Club Inc.. Brookfield won the auction for Atlantic City, New Jersey's bankrupt Revel with a $110 million bid in October,...

  • Dec 9- Yum Brands Inc lowered its profit forecast for the year for the second time, hurt by slower-than-expected sales recovery in China following a food safety scare in July. A television report early July showing improper meat handling by supplier Shanghai Husi Food scared away customers in China, Yum's biggest market by sales. U.S.-based fast-food chains...

  • Yum: China sales slow to recover from food scare Tuesday, 9 Dec 2014 | 5:22 PM ET

    Yum Brands Inc. on Tuesday cut its profit outlook for the year because sales in China are recovering more slowly than the company expected after a food-safety scare. Shares of the owner of the Taco Bell, KFC and Pizza Hut restaurant chains fell 5 percent in extended trading. The restaurant operator said that its sales in China are not rebounding as quickly as...

  • Burger King, Hortons to become Restaurant Brands Tuesday, 9 Dec 2014 | 4:08 PM ET

    NEW YORK— Tim Hortons and Burger King said Tuesday that they will become Restaurant Brands International when their tie-up closes, which is expected to happen this week. In August Burger King agreed to pay $11 billion to buy Tim Hortons, a Canadian chain known for its coffee and doughnuts. Tim Hortons Inc. shareholders approved the combination on Tuesday.

  • Cosmopolitan resort CEO to leave by end of year Tuesday, 9 Dec 2014 | 3:58 PM ET

    LAS VEGAS— The CEO of The Cosmopolitan on the Las Vegas Strip, who led the hotel-casino from its opening to its pending $1.73 billion sale, is leaving by the end of the year. John Unwin was first tapped by Deutsche Bank AG to be CEO of the 2,960- room property in 2009 as it moved forward with building the swanky high-rise after the original developer defaulted on the...

  • 'Mistletoe' drone at TGI Fridays injures woman Tuesday, 9 Dec 2014 | 12:20 PM ET
    The drones were intended to hover over couples and inspire a little "mobile mistletoe mischief," according to TGI Fridays.

    The drone at a Brooklyn TGI Fridays was intended to inspire couples to get romantic, but a piece of customer's nose was chipped off instead.

  • Dec 8- McDonald's Corp reported a steeper-than-expected fall in global same-restaurant sales in November and said current-quarter results would be hurt by the after-effects of a supplier scandal in China and a stronger dollar. The world's largest restaurant chain has been battling competition from Wendy's Co and Burger King Worldwide Inc as well as from...

  • Dec 8- McDonald's Corp reported a steeper-than-expected fall at global established restaurants in November, hurt by increased competition in the United States and the after-effect of a supplier scandal in China. Shares of the world's largest restaurant chain by revenue fell 2.4 percent in premarket trading. McDonald's worldwide sales at restaurants open...

  • IHG agrees to sell Paris-Le Grand to Constellation Monday, 8 Dec 2014 | 2:14 AM ET

    LONDON, Dec 8- InterContinental Hotels Group, one of the world's largest hoteliers, said on Monday it had agreed to sell its Paris- Le Grand hotel for 330 million euros to Constellation Hotels. IHG said it had accepted the offer from Constellation, which was announced in August, following a period of consultation with employees. The deal is expected to complete by...

  • These are the most-searched vacation spots of 2014 Thursday, 4 Dec 2014 | 1:53 PM ET
    Showgirls at famous Las Vegas welcome sign

    Yahoo has reported the most searched destinations on its website for 2014.

  • Dec 4- Workers in the fast-food, home care and airline industries are staging protests and strikes throughout the United States on Thursday to advocate for a $15 minimum wage and other labor rights. Workers are expected to stage strikes and walkouts at both fast-food restaurants like McDonald's, Burger King and Wendy's, and major airports like John F. Kennedy...

  • 'Incredible craze' over new bourbon: Maker's Mark Wednesday, 3 Dec 2014 | 6:35 PM ET

    Maker's Mark is releasing a new bourbon and it's causing an "incredible craze … like nothing we've ever experienced," says chairman emeritus.

  • When gas prices drop, America goes on vacation Wednesday, 3 Dec 2014 | 8:00 AM ET
    Signage for the Courtyard Bali Nusa Dua hotel, operated by Marriott International, is displayed in Bali, Indonesia.

    When gas prices plummet, U.S. consumers use that extra cash to hit the road or fly to the Caribbean and Las Vegas, benefiting travel stocks.

  • Hitting the slopes! Early winter boosts skiing Sunday, 30 Nov 2014 | 8:59 AM ET

    With much of the U.S. experiencing a cold front and snow already falling, resorts are getting a head start on ski season.