BRUSSELS, May 18- Critics ridiculed European Union bureaucrats on Saturday for taking time off fighting the euro zone's debt crisis to impose strict new rules on how restaurants serve olive oil. "If the European Union was logical and properly run, people wouldn't be so anti- Europe.
May 16- The New York attorney general's office on Thursday said it was investigating allegations that fast-food operators in the state are underpaying workers in violation of labor laws. The announcement came on the heels of a survey of 500 New York City fast-food employees at chains such as McDonald's Corp, Burger King and Domino's Pizza.
Among the stock activity stories for Thursday, May 16, from AP Business News:. _ Shares of Jack in the Box Inc. fell after the fast-food operator reported disappointing fiscal second-quarter revenue and was downgraded by at least one analyst.
Shares of Jack in the Box Inc. fell Thursday after the fast-food operator reported disappointing fiscal second-quarter revenue and was downgraded by at least one analyst. Jack in the Box also said it expects earnings from continuing operations of $1.55 and $1.65 per share for the full year. It also franchises Qdoba Mexican Grill sites across North America.
Tim Hortons Inc. said Tuesday that it will buy back up to 1.27 million of its shares as part of a private agreement with an unnamed third party. The restaurant chain, based in Canada, sells coffee, sandwiches and doughnuts at its chain of roughly 4,288 sites in North America.
May 10- KFC parent Yum Brands Inc reported on Friday an estimated 29 percent drop in April sales at established restaurants in China, where a bird flu outbreak is pummeling sales that were recovering from an earlier food safety scare.
The protests in the Motor City- which is struggling to recover from the hollowing out of its auto manufacturing sector- marked an expansion in organized actions by fast-food workers from ubiquitous chains owned by McDonald's Corp, Burger King Worldwide and KFC, Taco Bell and Pizza Hut parent Yum Brands Inc..
SHANGHAI, May 10- Yum Brands Inc, the largest foreign fast-food chain in China, is strengthening its media strategy in the country in a bid to win back customer loyalty after a series of food scares that decimated sales this year. An avian flu scare earlier this year and reports of false mutton being sold in China have affected both its KFC and Little Sheep chains.
*Wendy's Q1 restaurant sales fall short, loses ground on "value". May 8- McDonald's Corp, Wendy's Co and other U.S. restaurants are battling for the attention of frugal diners with coupons, limited time offers and other promotions- a fight that could intensify if the costs of chicken and other key ingredients remain less pricey than feared.
*Wendy's Q1 restaurant sales fall short, loses ground on "value". *Taco Bell promotes $1 food deals.