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Hotels, Restaurants and Leisure

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  • Hilton profit up 22 pct on higher room rates, occupancy Wednesday, 29 Apr 2015 | 6:15 AM ET

    April 29- Hotel operator Hilton Worldwide Holdings Inc reported a 22 percent rise in quarterly profit, helped by higher room rates and increased occupancy. Net income attributable to shareholders rose to $150 million, or 15 cents per share, in the first quarter ending March 31, from $123 million, or 12 cents per share, a year earlier. Excluding items, the company...

  • Howard Johnson's restaurants— the once-ubiquitous orange-roofed eateries that nourished baby boomers before the rise of burgers and burritos— have almost disappeared. The HoJo's on the main strip of this Adirondack Mountain resort town and another in Bangor, Maine, are the last two restaurants operating under the famous name. The Bangor restaurant is...

  • Del Frisco's tops 1Q profit forecasts Tuesday, 28 Apr 2015 | 6:30 AM ET

    SOUTHLAKE, Texas _ Del Frisco's Restaurant Group Inc. on Tuesday reported first-quarter earnings of $5.4 million. The average estimate of four analysts surveyed by Zacks Investment Research was for earnings of 22 cents per share. Four analysts surveyed by Zacks expected $75.6 million.

  • April 27- Chipotle Mexican Grill Inc on Monday said the 46 ingredients used in its roughly 1,800 restaurants were now free of genetically modified organisms, becoming the first major U.S. restaurant chain to make that switch. U.S. diners, particularly those in the sought-after young millennial generation, are seeking fresh foods that are less processed and...

  • April 27- Restaurant Brands International Inc said on Monday its Burger King and Tim Hortons chains posted their strongest same-store sales performance in years in the first quarter, with customers lured in by popular menu items. The two chains are managed as separate brands under parent Restaurant Brands. Tim Hortons, which had struggled with its U.S....

  • The Denver- based chain had already been using mostly non-GMO ingredients, but was working on making final changes to its tortillas. The Food and Drug Administration maintains that GMOs are safe, and most of the country's corn and soybean crops are genetically modified to have certain traits like resistance to herbicides and plant diseases.

  • Starbucks stores reopen Saturday after computer glitch Saturday, 25 Apr 2015 | 12:30 AM ET

    SEATTLE— Starbucks was back in business Saturday after a computer outage forced thousands of its stores to close early the night before. The glitch affected registers at 7,400 company-operated stores in the U.S. and 1,000 in Canada, and prompted some stores to give away drinks. "All Starbucks stores in the U.S. and Canada are expected to open for business as usual...

  • What could McDonald's do to fix its business? Friday, 24 Apr 2015 | 10:13 AM ET

    NEW YORK— When it comes to McDonald's, everyone seems to have an opinion about what the company needs to do differently. After turning in another quarter of sliding sales and profit, McDonald's CEO Steve Easterbrook said the chain will unveil initial details on a plan to turn around its fortunes on May 4. McDonald's recently began testing an all-day breakfast...

  • LAS VEGAS— Elaine Wynn failed Friday to win re-election to the board of Wynn Resort Ltd.— the casino-hotel company she co-founded with ex-husband Steve Wynn— a development that ended a feud over the issue. Shareholders who had to decide between re-electing Elaine Wynn or agreeing with a company recommendation to re-elect two other sitting board members...

  • April 23- Starbucks Corp said on Thursday sales at its coffee shops in the Americas region grew more than expected, boosted by sales of breakfast sandwiches, lunch and new drinks, such as Flat White. Sales at Starbucks shops open at least 13 months were up 7 percent in the Americas region for the fiscal second quarter ended March 29. Starbucks' Americas region, which...

  • BJ's Restaurants tops 1Q profit forecasts Thursday, 23 Apr 2015 | 4:51 PM ET

    HUNTINGTON BEACH, Calif. _ BJ's Restaurants Inc. on Thursday reported first-quarter net income of $9.6 million. The average estimate of 13 analysts surveyed by Zacks Investment Research was for earnings of 28 cents per share. BJ's Restaurants shares have increased slightly more than 6 percent since the beginning of the year.

  • Starbucks stock perks up as key metric beats Thursday, 23 Apr 2015 | 4:04 PM ET
    A woman walks past a Starbucks cafe in New York.

    Coffee retailer Starbucks met earnings and revenue estimates and reported a key restaurant metric that topped analysts' forecasts.

  • Americans dial up more Domino's pizzas in first quarter Thursday, 23 Apr 2015 | 7:54 AM ET

    NEW YORK— Domino's reported a higher quarterly profit on Thursday as an uptick in pizza orders drove up sales in the U.S. Earlier in the week, Yum Brands said sales at established Pizza Hut locations in the U.S. declined 1 percent. To improve results, Pizza Hut recently revamped its menu to let people build their own pies with a wider range of crust flavors and...

  • Cruise line to offer free drinks on Miami-based ship Thursday, 23 Apr 2015 | 6:00 AM ET

    MIAMI— Norwegian Cruise Line is offering free booze to attract more customers on short cruises out of Miami. The Miami Herald reports the company slightly raised the base price of cruises on the 2,204- passenger ship for next year, but not as much as it would cost to buy a drinks package on other cruise lines. Information from: The Miami Herald,...

  • *Visa, MasterCard rise as China opportunity seen. April 22- U.S. stocks ended stronger on Wednesday as Visa's potential expansion into China and talk of a turnaround at McDonald's helped investors look beyond a mixed bag of quarterly earnings. Visa ended 4.07 percent higher at $68.01 after hitting a record high of $69.98, while MasterCard closed up 3.91 percent...

  • *Visa, MasterCard rise as China opportunity seen. Visa gained as much as 7.1 percent to hit a record of $69.98, while MasterCard came shy of its all-time high, after China said it would open up its market to foreign firms for clearing domestic bank card transactions. MasterCard was up 4.04 percent at $91.31.

  • McDonald's revenue falls 11 percent Wednesday, 22 Apr 2015 | 8:08 AM ET

    April 22- McDonald's Corp, the world's biggest restaurant chain, reported an 11 percent fall in quarterly revenue as it fights to recover from food scandals in China and Japan and faces tough competition at home in the United States. Net income fell 32.6 percent to $811.5 million, or 84 cents per share, in the first quarter ended March 31, from $1.20 billion, or $1.21...

  • Chipotle disappoints Street on key sales metric Tuesday, 21 Apr 2015 | 4:02 PM ET
    A Chipotle restaurant in New York.

    Chipotle Mexican Grill stock fell after it delivered a mixed report on Tuesday.

  • The IPO filing follows the successful listing of hamburger chain Shake Shack Inc in January and Habit Restaurants Inc in November. Fogo de Chao, back by private equity firm Thomas H. Lee Partners LP, has 26 restaurants in the United States and nine in Brazil, according to a regulatory filing on Monday. Fogo de Chao started as a restaurant in Porto Alegre, Brazil, in...

  • Condé Nast's 2015 hot hotels list   Tuesday, 21 Apr 2015 | 6:51 AM ET
    Condé Nast's 2015 hot hotels list

    Pilar Guzman, Condé Nast Traveler reveals the top names and locations of the world's best properties, including the Raj Mahal in Jaipur, India, and Natucket's 21 Broad, where travelers can stay for under $200 per night.