A top executive at White Castle said a $15-an-hour minimum wage will force it to close nearly half of its locations and lay off thousands of workers.» Read More
KFC parent Yum Brands said it had stopped using chicken from suppliers in China that are now under a government investigation before the review was even announced, and analysts said they expect the company to recover from the business hit in its biggest market.
Restaurant pioneer Fred Turner has passed away at the age of 80. McDonald's former CEO and honorary chairman was known for shaping the restaurant into what it is today. In 1958, Turner wrote the company's first "Operations and Training Manual," which is still the blueprint for restaurant operations today.
The "Squawk on the Street" news team reports on today's market moving stories; including Yum! Brands' China battle; Sears' executive shuffle; and Target's plan to match online prices.
It sounds like a setup for a joke: Hey, did you hear the one about the high school swim champ who got Taco Bell to make him a customized Speedo? It's not a hoax, though — more of a lesson in the power of social media marketing and teenage chutzpah.
CNBC's Jane Wells reports how actor Patrick Dempsey managed to beat Starbucks at its own game.
Starbucks will use its ubiquitous coffee cups to tell U.S. lawmakers to come up with a deal to avoid going over the "fiscal cliff'' and triggering automatic tax hikes and spending cuts.
As ancient doomsday predictions draw near, hotels and restaurants are launching tongue-in-cheek promotions to profit from the fiery apocalypse forecasts surrounding Dec. 21, one Mayan Calendar's end date.
Jack Bouroudjian, Bull and Bear Partners CEO, explains why good news for the burger restaurant may signal bad news for the U.S. economy.
FMHR traders Pete Najarian and Stephen Weiss debate the trade on McDonald's. Are investors buying what Marissa Mayer is selling at Yahoo? Steve Grasso, Stuart Frankel has the play on the tech stock.
Coffee chain Starbucks said it could pay up to 20 million pounds more in tax as it announced plans to change its accounting practises, surrendering to widespread criticism.
If your stocking is drooping a bit more than usual, perhaps it's holding a metal gift card from Starbucks, loaded with $400 of coffee purchasing power.
Rachael Rothman, Susquehanna Financial Group analyst, shares her outlook on the restaurant operator, and explains why she downgraded the stock to "neutral" and maintains a $58 price target.
Fast food workers are lobbying for higher wages and union protection on the east coast. Jonathan Westin, New York Communities for Change, offers insight.
Not having success finding holiday gifts at the mall? You may want to try the food court. Restaurants are trying to whet your appetite for gift cards to dine out, by throwing incentives your way.
Patrick Doyle, President & CEO of Domino's Pizza, discusses his company's plans to expand and create jobs this holiday season.
Coffee chain Starbucks said it was considering changes to its UK tax practices following criticism from lawmakers, tax campaigners and the media.
Following Yum! Brands' soft comps, Pete Najarian, Steve Weiss and Joe Terranova take positions on what to do with the stock.
"As of now we are opening up a restaurant every five days somewhere in the U.S.," said Paul Damico, President of Moe's Southwest Grill, explaining how his company managed to grow comp sales 8.3% ahead of last year.
Organizers claim "hundreds" of fast food workers across New York City walked off the job Thursday, in what experts are calling the first multi-restaurant strike by fast food workers in the US.
How will the fiscal cliff and the new health care laws affect restaurants in Philadelphia? Stephen Starr, Starr Restaurants CEO, provides perspective.