Europe confronts impact of its policies as economic recovery fades Alibaba IPO comes with unusual business structure that is price of admittance to China growth Asian stock markets mostly higher as wages data boosts Japan; Hong Kong slips Civil disobedience, arrests planned in fast-food protests for $15 an hour, unionization China manufacturing growth slowed in August on sluggish global demand for exports Euro slips to near 1- year dollar low amid ongoing economic weakness and Ukraine uncertainties New round of Ukraine talks opens with rebels backing off from full independence $2.4 B Revel Casino Hotel begins its shutdown after just over 2 years in Atlantic City» Read More
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..
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.
*Starbucks, Burger King, Dicos pull products from Shanghai Husi. SHANGHAI, July 22- A toxic food scandal in China is spreading fast, dragging in U.S. coffee chain Starbucks, Burger King Worldwide Inc and others, as well as McDonald's products as far away as Japan.
*Starbucks says has pulled chicken products from Shanghai Husi. SHANGHAI, July 22- A toxic food scandal in China is spreading fast, dragging in U.S. coffee chain Starbucks, Burger King Worldwide Inc and others, as well as products of McDonald's Corp as far away as Japan.
July 21- Burrito chain Chipotle Mexican Grill Inc last quarter achieved what many of its rivals could only dream of: It raised prices, yet attracted more diners during a period of sluggish economic growth. Rival Panera Bread Co was on a similar trajectory until last year, when "operational friction" caused it to stumble on speed.
It once owned a handful of stores in New York City, Seattle and Philadelphia but closed most, including one in Times Square, in 2010.. At the same time Starbucks Corp last week opened its first store in Colombia 43 years after the world's biggest coffee chain began buying beans from the country famous for its premium arabica coffee.
*McDonald's warns may face China product shortfall. *Incident highlights broader China food supply chain issues. SHANGHAI, July 21- McDonald's Corp and Yum Brands Inc are facing a new food safety scare in China, denting the fast food giants' efforts to shore up reputations and businesses that were hurt by a 2012 safety scandal in one of their biggest markets.
Farm-to-table meals have become so popular that hotels are now getting in the game by offering prepared meals using food hooked or shot by guests.
July 17- Yum Brands Inc's disappointing Pizza Hut and Taco Bell results, along with other data, suggested the U.S. fast-food business remained weak in the second quarter and that industry leader McDonald's Corp continues to struggle. The fast-food guys are stuck, " Investment Technology Group restaurant analyst Steve West said.
Stephen Ng, Deputy Chairman & MD at Wharf Holdings, introduces the firm's new luxury hotel and outlines its expansion strategy in the mainland.
July 16- Starbucks Corp opened its first shop in Colombia on Wednesday, 43 years after the world's biggest coffee chain first started buying beans from the country famous for its premium arabica coffee named after fictional coffee farmer Juan Valdez.
July 16- Starbucks Corp opened its first shop in Colombia on Wednesday, 43 years after the world's biggest coffee chain first starting buying beans from the country known for its premium arabica coffee. It and all other Starbucks stores in Colombia will be the company's first to serve only locally sourced coffee.
Making cocktails at home isn't a bargain if your DIY drinks aren't as good. Avoid these mistakes for a better drink—and better value.
July 14- Layoff notices went out on Monday for roughly 1,000 employees of Atlantic City's Trump Plaza Casino Hotel, in anticipation of a Sept. 16 closure, the company said in a statement. The seashore casino is one of the poorest performers in Atlantic City, which began the year with 12 casinos but with the Trump Plaza closing could be down to eight.
Mom-and-pop nudist resorts are folding while larger more luxurious options are thriving, The Economist reports.
TGI Fridays' endless appetizer promotion may have a ripple effect across the already challenged industry, one restaurant analyst said.
SEEHEIM, Germany, July 9- Lufthansa may launch low-cost long-haul flights under a new brand as part of plans by the company's new boss to battle competition from Middle East carriers and no-frills airlines.
When Crumbs shuttered its remaining stores, it seemed like an abrupt ending for a company that opened a decade ago to ride the wave of popularity of the sugary treat.
Business travelers spent less money per trip in the second quarter, but it wasn't because prices went down, according to a new report.