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  • Burger chain Habit Restaurants prices IPO at $18/shr Wednesday, 19 Nov 2014 | 7:14 PM ET

    Nov 19- Habit Restaurants Inc, a fast-food restaurant chain known for its burgers, said its initial public offering was priced at $18 per share, valuing the company at about $454.5 million. The company raised about $90 million from the IPO of 5 million shares. The offering was priced above the expected price range of $14- $16.

  • Brookfield halts plan to buy Atlantic City's Revel Wednesday, 19 Nov 2014 | 6:09 PM ET
    The Revel Casino in Atlantic City on July 30, 2014.

    Brookfield is abandoning its plan to buy the former Revel Casino Hotel in Atlantic City.

  • Nov 19- Canadian grocer Metro Inc reported a higher-than-expected quarterly profit, helped by the reorganization of its Ontario store network and the acquisition of a majority stake in bakery chain Premiere Moisson. The company, which is facing intense competition from U.S. retailers such as Wal-Mart Stores Inc and Target Corp, also said in June it would buy a...

  • Judge: New Jersey can take piano tuner's home Monday, 17 Nov 2014 | 6:13 PM ET

    Superior Court Judge Julio Mendez, who heard final arguments in an Atlantic City courtroom last month, ruled that the state agency can use eminent domain to seize the house in the shadow of the closed Revel Casino Hotel, citing an "appropriate public purpose" for the property. Robert McNamara, an attorney representing Birnbaum from the Virginia- based Institute...

  • Activist investor takes stake in McDonald's Friday, 14 Nov 2014 | 4:47 PM ET

    Activist investor firm Jana Partners has bought a small stake in McDonald's Corp., stirring speculation that it may shake up the fast-food chain. The Oak Brook, Illinois- based company's overall revenue and profit dropped in the third quarter as traffic dropped. Jana Partners disclosed in a regulatory filing Friday that it holds about 840,000 shares and...

  • NEW YORK, Nov 14- An improving U.S. economy has failed to galvanize the consumer discretionary sector so far this year, but a recent rally in restaurant stocks as the holidays approach could herald happier days ahead for other retailers. Shares of Buffalo Wild Wings Inc, Domino's Pizza Inc, Darden Restaurants Inc and Cracker Barrel Old Country Store Inc have all...

  • Ultimate Gaming closes Nevada online poker site Friday, 14 Nov 2014 | 1:54 PM ET

    After shutting down its operations in New Jersey, the company announced Friday that it had closed its Ultimate Poker online business in Nevada, too, citing trouble making a profit as long as online gambling is limited to a pool of players in single states, so far just three nationwide. The company, owned by Las Vegas- based neighborhood casino-hotel company...

  • Airplane for rent: Sorry flying is not allowed! Thursday, 13 Nov 2014 | 4:49 PM ET

    KLM is partnering with Airbnb for a contest to win the chance to spend a night in an "aircraft loft" in Amsterdam.

  • Starboard-controlled Darden board scraps poison pill Thursday, 13 Nov 2014 | 11:39 AM ET

    Nov 13- Darden Restaurants Inc said it would revise management pay, ditch its poison pill and make it easier for shareholders to call special meetings as activist investor Starboard Value LP puts its stamp on the owner of the Olive Garden restaurant chain. The latest changes were what Starboard had campaigned for in its months-long battle with the...

  • Where G-20 leaders are staying Wednesday, 12 Nov 2014 | 7:10 AM ET
    Asia Pacific Economic Cooperation (APEC) leaders pose for a family photo at the International Convention Center at Yanqi Lake in Beijing, November 11, 2014. (Front row L-R) U.S. President Barack Obama, China's President Xi Jinping and Russia's President Vladimir Putin. (Back row L-R) Japan's Prime Minister Shinzo Abe, Australia's Prime Minister Tony Abbott, Malaysia's Prime Minister Najib Razak, New Zealand's Prime Minister John Key.

    President Obama gets a $2,173/night hotel suite for the G-20 meeting, while host Tony Abbott slums it with a $270/night room.

  • Activist hedge fund calls for IHG merger Tuesday, 11 Nov 2014 | 10:25 AM ET
    An employee passes a logo in the reception area of InterContinental Hotels Group's headquarters in Denham, U.K.

    Marcato Capital Management has released a letter and presentation urging Intercontinental Hotels to merge with a competitor.

  • Nov 10- Pizza Hut will serve pizzas with a twist in its biggest-ever menu makeover, apparently aimed at wooing 18- to 34- year-old diners, after two years of sagging sales. "Our newest changes are the most significant we've made in our history," said David Gibbs, who was named Pizza Hut global chief executive last week, in a statement. Plano, Texas- based Pizza Hut, which...

  • Worldwide sales at restaurants open at least 13 months were down 0.5 percent as the world's biggest fast-food chain continued to fight tough U.S. competition, the after-effects of a supplier scandal in Asia, and economic and political turmoil in Europe. Under Chief Executive Officer Don Thompson, who took the helm in July 2012, the U.S. operation is focusing on...

  • UPDATE 1-McDonald's October same-store sales falls Monday, 10 Nov 2014 | 8:57 AM ET

    Nov 10- McDonald's Corp's sales fell at established restaurants in all regions last month, hurt by stiff competition in the United States and the fallout from a supplier scandal in Japan and China. Diners shunned the chain in China and Japan after a television news expose showed workers mishandling meat at a key supplier in China, and McDonald's scrambled to...

  • Wendy's revenue falls 20% as it ups franchising Thursday, 6 Nov 2014 | 10:45 AM ET
    The Wendy's Single Pretzel Bacon Cheeseburger.

    Hamburger chain Wendy's reported a 20 percent drop in quarterly revenue as it sold more company-owned stores to franchisees.

  • Nov 6- Wendy's Co, the No. 3 U.S. hamburger chain, reported quarterly sales and profit below analysts' estimates, mostly due to higher beef costs and intense competition in North America. Wendy's, like market leader McDonald's Corp, has been struggling in an increasingly competitive fast-food market and has been investing heavily to spruce up its restaurants and...

  • Nov 6- Hamburger chain Wendy's Co reported a 20 percent drop in quarterly revenue as it sold more company-owned stores to franchisees. The company reported net income of $22.8 million, or 6 cents per share, in the third quarter ended Sept. 28, compared with a loss of $1.9 million, or breakeven on a per-share basis, in the same quarter a year earlier.

  • Nov 6- Hamburger chain Wendy's Co reported a 20 percent drop in quarterly sales as it sold more company-owned stores to franchisees. The company reported net income of $28 million, or 6 cents per share, in the third quarter ended Sept. 28, compared with a loss of $1.9 million, or breakeven on a per-share basis, in the same quarter a year earlier. Revenue fell to $512.5...

  • TORONTO, Nov 5- Profit at Canadian coffee and doughnut chain Tim Hortons Inc, which is being bought by Burger King Worldwide Inc, beat market estimates in the third quarter as customers opted for the more expensive items on the company's menu. Net income fell about 14 percent, however, mostly due to costs related to U.S. fast-food chain Burger King's C $12.64 billion...

  • Nov 5- Canadian coffee and doughnut chain Tim Hortons Inc's third-quarter profit handily beat market estimates, as same-store sales got a boost from customers buying more expensive menu items. Excluding items, Tim Hortons earned 95 Canadian cents per share, ahead of the average analysts' estimate of 88 Canadian cents per share, according to Thomson Reuters...