Arne Sorenson, Marriott International CEO & president, weighs in on the minimum wage issue and if raising wage rates would impact Marriott's bottom line.» Read More
SHANGHAI, Oct 28- Bearing rice burgers and lotus roots, an army of Chinese fast food firms is cooking up a challenge to McDonald's Corp and Yum Brands Inc, tempting cost-conscious diners with healthy, homegrown fare and causing a drag on growth for the U.S. chains in the country's $174 billion fast food market.
Actor Robert De Niro is diving into the world of Chinese property development, inking a deal to build a massive entertainment complex in Shanghai.
Oct 24- Royal Caribbean Cruises Ltd raised its full-year earnings forecast after an improvement in ticket sales in Europe helped the cruise operator report better-than-expected quarterly results. Royal Caribbean, the second-largest cruise operator in the world, said it had higher bookings for 2014 in most markets including Europe, Asia and Alaska.
*Third-quarter earnings/share $0.41 vs est $0.43. *Revenue rises 8.5 pct to $186.3 mln vs est $183.2 mln. Oct 24- Coffee and doughnut chain Dunkin' Brands Group Inc reported a stronger-than-expected rise in quarterly sales as customers bought more of its higher-priced sandwiches.
Oct 21- McDonald's Corp reported a 4.1 percent rise in quarterly profit, while global sales at established restaurants marginally missed analysts' expectations. The world's biggest restaurant chain by revenue reported net income of $1.52 billion, or $1.52 per share, for the third quarter ended Sept. 30, up from $1.46 billion, or $1.43 per share, a year earlier.
Sonia Cheng, CEO of Rosewood Hotel Group talks about the company's strategy to capitalize on emerging "affluent explorers."
ALBANY, N.Y., Oct 17- New York state's highest court agreed on Thursday to hear Mayor Michael Bloomberg's appeal of a decision striking down a ban on large sugary drinks in New York City, setting up the final showdown over one of the outgoing mayor's most controversial policies.
Oct 17- Darden Restaurants Inc, parent of the Olive Garden and Red Lobster chains, should break itself up and explore spinning off its real estate properties, activist investor Barington Capital Group said.
ALBANY, N.Y.- New York state's highest court agreed on Thursday to hear Mayor Michael Bloomberg's appeal of a decision striking down a ban on large sugary drinks, setting up the final showdown over one of the outgoing mayor's most controversial policies.
Oct 17- Olive Garden and Red Lobster parent Darden Restaurants Inc should break itself up and explore spinning off its real estate properties, activist investor Barington Capital Group said in a letter on its website on Thursday.
Oct 17- Brixmor Property Group Inc, a shopping center operator owned by Blackstone Group LP, said it expected its initial public offering to be priced between $19 and $21 per share, raising about $790 million. It filed in September to take U.S. hotel operator Hilton Worldwide Inc public and also registered hotel chain Extended Stay America Inc for an IPO.
NEW YORK, Oct 15- Petco Animal Supplies Inc and restaurant operator DineEquity Inc, the parent of Applebee's and IHOP, are among 33 companies moving medical coverage for their employees to a private exchange starting in 2014, a new sign of corporate America's shift away from directly providing benefits.
*Third-quarter earnings/share $0.51 vs est $0.52. Oct 15- Domino's Pizza Inc, the second-largest U.S. pizza chain, reported a rare earnings miss due to higher costs, sending its shares down 5 percent as it spent more on overseas outlets and on mobile apps.
Oct 15- Domino's Pizza Inc, the second-largest U.S. pizza chain, reported a 7 percent rise in quarterly revenue as sales rose more than expected in a tough U.S. market.
Bloggers, restaurant critics and other food writers from around the world voted to create the list of 101 Best Hotel Restaurants Around the World.
Starbucks has launched a petition drive in hopes of hastening an end to the federal government shutdown.
Christian Davis, editor of Drinks International and Alex Kratena, head bartender at Artesian Bar, discuss why Artesian is ranked the world's best bar.
Blackstone Group has received more than six offers for the hotel operator La Quinta, but may sell shares of the company to the public instead.
HONG KONG, Oct 10- Chinese conglomerate Fosun International Ltd and South Africa's Sun City casino king plan to build a $1.6 billion resort on China's Hainan holiday island, joining a pack of players betting on a surge in upscale tourism in the country.
Wedding crashers have less interest in your reception goodies than in your discounted hotel room block.