July 31- Burger King Worldwide Inc said on Thursday it would no longer buy products from OSI Group LLC suppliers in China, where the fast-food hamburger chain has about 200 restaurants.» Read More
NEW YORK— If an iced coffee from Dunkin' Donuts is part of your afternoon routine, expect a nudge to buy a cookie or doughnut you didn't plan on. Dunkin' Brands CEO Nigel Travis said in a phone interview Thursday that the company is pushing to get its cashiers to "upsell" to afternoon customers.
July 24- Dunkin' Brands Group Inc cut its 2014 outlook on Thursday as its U.S. doughnut shops battled fast-food rivals like McDonald's Corp and high milk prices softened profits from its international Baskin-Robbins ice cream business. The company also cited weakness in its Baskin-Robbins joint venture in Japan for the reduction in its 2014 forecast.
Europe cruises account for 22 percent of the capacity in the company, whose cruise lines include Royal Caribbean International, Celebrity Cruises and Azamara Club Cruise. Royal Caribbean, which in April warned of pressure in its biggest market, the Caribbean, said the environment in the region remained "promotional".
July 24- Dunkin' Brands Group Inc cut its full-year forecasts on Thursday, as its U.S. Dunkin' Donuts shops battled fierce competition from fast-food rivals like McDonald's Corp and as high milk prices softened profits from its international Baskin-Robbins ice cream business.
July 24- Royal Caribbean Cruises Ltd, the world's second-largest cruise operator, reported a big jump in quarterly profit as demand for its European cruises rose and passengers spent more onboard.
July 24- Starwood Hotels& Resorts Worldwide Inc reported a higher-than-expected quarterly profit as an increase in global business travel drove occupancy and room rates. The operator of the Sheraton and Westin chain of hotels also raised its full-year profit forecast to $2.78- $2.85 per share from $2.76- $2.83.
The Stamford, Connecticut- based company said net income increased to $153 million, or 80 cents per share, from $137 million, or 71 cents per share, in the same quarter a year earlier. The average estimate of analysts surveyed by Zacks Investment Research was for earnings of 76 cents per share.
*China food regulator visits 581 food-related businesses. Shanghai police detained five people on Wednesday, including the head and the quality chief of Shanghai Husi Food, a supplier to foreign fast-food brands including KFC, McDonald's Corp and coffee chain Starbucks Corp over allegations it supplied out-of-date meat.
July 24- Starwood Hotels& Resorts Worldwide Inc, owner of the Sheraton and Westin brands, reported an 11 percent rise in quarterly profit as occupancy and room rates increased. The company's net income rose to $153 million, or 80 cents per share, for second quarter ended June 30, from $138 million, or 71 cents per share, a year earlier.
Fast food chains in China suspended use of products from Shanghai Husi Food Co. after a television station reported last weekend it repackaged and sold meat past its use-by date. I will not try to and defend it or explain it, "said Sheldon Lavin, chairman and chief executive of Aurora, Illinois- based OSI Group, which owns Husi Food.
SHANGHAI, July 24- China's food regulator has visited close to 600 restaurants, businesses and food distributors as it investigates a fast-spreading food safety scare that has dragged in a number of global brands and hit food outlets as far away as Japan.
SHANGHAI, July 24- China's food regulator has visited close to 600 restaurants, businesses and food distributors, the watchdog said in a statement, in an investigation into a fast-spreading food safety scare. The safety scare has already dragged in U.S. chains McDonald's Corp, KFC-parent Yum Brands Inc and coffee giant Starbucks Corp..
Facebook on a roll as 2nd- quarter earnings, revenue surpass expectations Standard& Poor's 500 index ekes out all-time high after Apple and Boeing report earnings Still-slow rebound belies a sturdier economy with less consumer debt and more educated workers IMF sees US growth this year at weakest pace since recession after sharp 1 Q contraction Atlantic City mayor says 6 potential buyers for Revel casino; Atlantic Club may be re-sold In a divided vote, SEC supports an end to $1 a share price for some riskier money-market funds Japan trade deficit widens to $8 billion in June South Korea's growth hits lowest level in 3 quarters on weak consumer spending American meat supplier in China scandal has ties to many fast-food chains Oil rises above $103 a barrel after US gov't says oil supplies fell by 4 million barrels
July 23- Eight months ago in front of a crowd of food industry executives gathered at a fancy Chicago hotel, a top McDonald's Corp executive lauded the boss of meat supplier OSI Group for his dedication to the fast-food giant's "McFamily".
CHICAGO, July 23- OSI Group, the U.S.-based meat supplier at the center of a new food safety scandal in China, on Wednesday admitted to problems at a plant in Shanghai that have cost the company business with top fast-food chain Yum Brands Inc..
ATLANTIC CITY, N.J.— Atlantic City's mayor said Wednesday there are six potential buyers for the Revel Casino Hotel, which is up for sale next month at a bankruptcy auction. However, a deed restriction as part of the sale from Caesars Entertainment to a Florida firm prohibits the building from being used again as a casino.
This week, U.S. coffee chain Starbucks is opening three of them. Vietnam's entrenched coffee culture means Starbucks is delving deeper into what could be one of its most challenging markets yet.
SHANGHAI, July 23- Shanghai police said on Wednesday they detained five people in an investigation into a Chinese-based supplier of foreign fast-food brands, including KFC, McDonald's Corp and coffee chain Starbucks Corp, over allegations the firm supplied old and rotten meat.
Solid earnings for a range of big companies helped nudge the stock market higher on Tuesday. The restaurant chain Chipotle Mexican Grill and the cable giant Comcast surged after reporting better results than Wall Street expected. The Dow Jones industrial average rose 61.81 points, or 0.4 percent, to close at 17,113.54.
NEW YORK— Stocks that moved substantially or traded heavily Tuesday on the New York Stock Exchange and the Nasdaq Stock Market:. Chipotle Mexican Grill Inc., up $69.84 to $659.77. The commercial financing company is buying OneWest Bank in a $3.4 billion cash-and-stock deal, adding retail branches in California.