Oct 1- An affiliate of Brookfield Asset Management won the auction for Atlantic City, New Jersey's bankrupt Revel Casino Hotel with a $110 million bid, but within hours the losing bidder told Reuters he planned to fight the sale. Asked if he would challenge the auction result in court, Florida developer Glenn Straub told Reuters by phone: "absolutely."» Read More
In a statement on Tuesday, McDonald's Japan said sales at stores open at least 13 months dropped 25.1 percent in August, while the number of customers fell 16.9 percent, mainly due to concerns about food safety. "At the moment, we don't know how long the impact will last," a McDonald's Japan spokeswoman added.
ATLANTA, Sept 8- S. Truett Cathy, the founder of the Chick-fil-A fast-food chain known for its chicken sandwiches as well as for its president's public opposition to gay marriage, died on Monday at age 93, the company said.
NEW DELHI, Sept 8- The jailed chief of India's Sahara conglomerate has won 15 days more from the Supreme Court to use his makeshift office in prison to negotiate the sale of his group's trophy overseas hotels and raise $1.7 billion in bail money.
How do restaurants expand? They build their existing business or buy growth. Here are a number of concepts that restaurants are betting on.
Carl's Jr.'s ads featuring scantily clad women are designed to grab the attention young men. Now two sisters are calling for a boycott.
ORLANDO, Fla., Sept 5- A U.S. judge has ruled that food servers and bartenders employed by Darden Restaurants Inc, which owns chains including Olive Garden, the Capital Grille and LongHorn Steakhouse, cannot sue the company as a group for alleged wage violations.
El Pollo Loco can thank some of its recent success to competitors like Chipotle Mexican Grill, its CEO said.
NEW DELHI, Sept 5- India's Sahara conglomerate would rather mortgage its trophy overseas hotel properties than sell them to raise the $1.7 billion in bail money for its jailed chairman, a senior company executive told Reuters.
NEW YORK/ LOS ANGELES, Sept 4- U.S. fast-food workers staged protests in some 150 cities on Thursday in a fight for higher pay, and organizers said more than 450 were arrested from Manhattan's Times Square to Los Angeles. About 400 protesters clogged Times Square during morning rush hour in the latest of ongoing actions aimed at raising their wage to $15 an hour.
It's becoming clearer, the worst isn't over yet for Atlantic City, with the Trump Taj Mahal on the brink of bankruptcy.
As the NFL returns, the view from the sidelines may look a little different, with new technology in stadiums and on the field this season.
NEW YORK/ LOS ANGELES, Sept 4- U.S. fast-food workers staged protests in some 150 cities on Thursday in a fight for higher pay, and organizers said dozens were arrested from Manhattan's Times Square to Las Vegas. Sit-ins were held in several more cities, and a total of 86 arrests were reported among protesters in Chicago, Detroit, Las Vegas and Little Rock, Arkansas.
NEW YORK, Sept 4- Fast-food workers in 150 U.S. cities kicked off protests for a $15- per-hour wage that included a sit-down in New York's Times Square, where 19 demonstrators were arrested on Thursday, police said.
Sept 4- Fast-food workers will stage another day of protests in more than 150 U.S. cities on Thursday as they seek a doubling in hourly pay to $15 and the right to form a union. Organizers expect their biggest protest to date, with fast-food workers from McDonald's, Burger King, Wendy's and KFC restaurants expected to walk off the job.
Sept 4- Fast-food workers in more than 150 U.S. cities are planning protests on Thursday to press for a wage increase to $15 an hour and allow them to unionize jobs from the fry-basket at McDonald's to the cash register at Burger King.
Airbnb is heading back in court, this time battling with its users who don't want their personal info turned over in a probe on illegal hotels.
Sept 2- Norwegian Cruise Line Holdings Ltd said it would buy Prestige Cruises International Inc from its owner Apollo Global Management LLC in a $3 billion deal to expand its high-end luxury cruise offerings.
Students, and their families, can get deals on making the trip to-and-from college, whether it's by train, plane or bus.
Sept 2- Norwegian Cruise Line Holdings Ltd said it would buy Prestige Cruises International Inc in a $3.03 billion deal, including debt. Prestige owns upper-premium cruise operator Oceania Cruises and luxury cruise operator Regent Seven Seas Cruises.
SHANGHAI, Sept 2- McDonald's Corp will increase the number of audits it conducts of suppliers in China, the firm said on Tuesday, after a food scandal in July dented China sales at the U.S. fast food chain and rival Yum Brands Inc. Industry insiders had told Reuters that suppliers in China often knew about audits in advance.