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  • McDonald's quarterly sales fall 7 pct Friday, 23 Jan 2015 | 8:09 AM ET

    Jan 23- McDonald's Corp, the world's biggest restaurant chain, reported a 7.3 percent fall in quarterly sales as it struggled to recover from a food scandal in China and battled tough competition in the United States. The company's net income fell to $1.1 billion, or $1.13 per share, in the fourth quarter ended Dec. 31 from $1.40 billion, or $1.40 per share, a year...

  • Jan 22- Starbucks Corp on Thursday said traffic to its Americas- region stores perked up during the holiday quarter, easing investor jitters about slower growth and boosting shares over 4 percent in after-hours trading. The world's biggest coffee chain also announced that director Kevin Johnson would become Starbucks president and chief operating officer,...

  • The workers said in a federal complaint filed Thursday that about 15 African-American employees of some southern Virginia restaurants run by Soweva Co. were fired last May after several white employees were hired. The employees said that McDonald's Corp. controls nearly every aspect of how franchisees operate restaurants, but corporate officials did...

  • Judge: Revel sale to Florida developer can proceed Wednesday, 21 Jan 2015 | 9:10 AM ET

    ATLANTIC CITY, N.J.— The Florida developer in line to buy Atlantic City's former Revel casino hotel is threatening to walk away from the deal if a court ruling goes against him. Straub's attorney, Stuart Moskovitz, says the developer may cut his losses at the $10 million deposit and related costs incurred, and abandon the deal, just as a Canadian firm originally...

  • Deadly attacks could have lasting impact on Paris tourism Wednesday, 21 Jan 2015 | 8:50 AM ET

    *Paris hotel occupancy rates down and still falling- MKG. PARIS, Jan 21- The deadly attacks in Paris earlier this month could have a lasting impact on tourism if anti- France protests that have swept the Muslim world lead wealthy Arabs to shun the city. But hospitality research firm MKG Group fears a longer-term impact in Paris after satirical magazine Charlie...

  • Davos 2015: The future of IHG  Tuesday, 20 Jan 2015 | 11:25 AM ET

    At the World Economic Forum, Richard Solomons, CEO of IHG, says trusting a brand is really important within organisations and talks about his company's plans.

  • Marriott targets 1 millionth mark: CEO  Tuesday, 20 Jan 2015 | 8:08 AM ET

    "Squawk Box's" Beck Quick, and Arne Sorenson, Marriott chairman & CEO, discuss the hotel's rapid growth strategy and goal of reaching one million rooms by the middle of 2015.

  • Shake Shack plans to raise up to $80M from IPO Tuesday, 20 Jan 2015 | 7:52 AM ET

    NEW YORK— Burger chain Shake Shack, which got its start as a single hot dog cart in New York City, plans to raise up to $80 million from an initial public offering of its common stock. The origins of the restaurant date to 2001, when privately held Union Square Hospitality Group, a company owned by restaurateur Danny Meyer, opened a hot dog cart in Manhattan's Madison...

  • Jan 20- Shake Shack Inc, a burger chain that grew out of a hot dog stand in New York's Madison Square Park, said it expected its initial public offering to be priced at $14- $16 per share, valuing the company at up to $568 million. The offering follows a string of successful IPOs by casual dining chains last year, including Habit Restaurants Inc, El Pollo Loco Holdings Inc...

  • Jan 20- Shake Shack Inc, a burger chain that grew out of a hot dog stand in New York's Madison Square Park, said it expected its initial public offering to be priced at $14- $16 per share, valuing the company at up to $568 million.

  • Spend $10,000 a night to stay on this new ship Sunday, 18 Jan 2015 | 11:00 AM ET
    The Seven Seas Explorer

    Regent Seven Seas cruise line unveiled what it boasts will be "the most luxurious ship" ever, and the price of a stay won't be cheap.

  • ACCRA, Jan 16- As the boss of one of Ghana's busiest restaurants, Afua Asante has a lot on her plate, from managing a team of 40 to ensuring each dish is cooked just so. Asante sources the wine from the town of Adawso in eastern Ghana, several hours drive from Accra, but it ferments quickly and the customers who order it by the calabash will not take kindly to wine that's not...

  • It's no secret that a unit of casino giant Caesars Entertainment Corp. owes billions of dollars to lenders, hedge funds and investments firms stemming from a $30.7 billion buyout in 2008 that was paid for, primarily, with debt. Gordon Ramsay Pub& Grill locations are inside Caesars Palace and planned for its Caesars Atlantic City property. The restaurant chain...

  • TOKYO, Jan 14- The operator of McDonald's in Japan and Cargill Inc have not discovered any link between a Cargill-owned plant in Thailand and a strip of plastic found in a chicken nugget this month that sparked uproar over product safety at the fast-food chain. McDonald's Holdings Co Ltd and Cargill said in separate statements on Wednesday that an...

  • Chipotle: No pork at a third of restaurants Tuesday, 13 Jan 2015 | 5:03 PM ET

    NEW YORK— Chipotle says it stopped serving pork at hundreds of its restaurants after suspending a supplier that violated its standards. Chris Arnold, a spokesman for the Mexican food chain, told The Associated Press it's the first time the company stopped serving a topping for its burritos and bowls. In New York City on Tuesday, a sign on the door of a Chipotle...

  • Why New York City hotels are now cheaper Tuesday, 13 Jan 2015 | 12:50 PM ET
    An employee helps a guest with his luggage at the Waldorf Astoria hotel in New York.

    The strengthening dollar is pinching the country's largest international tourist market, SunTrust analyst Patrick Scholes said.

  • NYC hotel rooms on sale!  Tuesday, 13 Jan 2015 | 10:22 AM ET

    Discussing how the unfavorable foreign exchange market is hampering the hotel industry, with Patrick Scholes, SunTrust Equity Research.

  • How to drink bourbon all day and get paid for it Sunday, 11 Jan 2015 | 11:00 AM ET

    How a 28-year-old became Brown-Forman's master taster of whiskey and bourbon.

  • SHANGHAI, Jan 7- U.S. food supplier OSI Group LLC, which came under fire in China last year over allegations it used out-of-date meat, has criticized the handling of the case by the local food regulator, a rare act in China where firms are usually careful not to openly challenge the authorities. The firm, which supplied international fast food chains including...

  • *McDonald's Japan expecting first annual loss in 11 years. TOKYO, Jan 7- McDonald's Japan has apologized to customers and vowed to ensure product safety after objects including a tooth and plastic were found in its food, the latest trouble for a fast-food chain hit by sliding sales and a shortage of french fries. McDonald's Japan brought in Chief Executive Sarah...