McDonald's will appeal a $27M payment to the families of two teens who died after one was beaten to death in a McDonald's parking lot.» Read More
Brinker International Inc. fell$. 74 or 1.6 percent, to $44.84. Chipotle Mexican Grill Inc. fell $9.33 or 1.4 percent, to $672.50. Darden Restaurants Inc. rose$. 44 or 1.0 percent, to $46.75.
July 31- Burger King Worldwide Inc said on Thursday it would no longer buy products from OSI Group LLC suppliers in China, where the fast-food hamburger chain has about 200 restaurants.
*Yum says China meat scare impact "significant, negative". *China, HK diners say likely to visit chains less frequently... July 31- A food safety scare in China is testing local consumers' loyalty to foreign fast-food brands, including McDonald's Corp and Yum Brands Inc, which owns the KFC and Pizza Hut chains.
*Yum says China meat scare impact "significant, negative". July 31- A food safety scare in China is testing local consumers' loyalty to foreign fast-food brands, including McDonald's Corp and Yum Brands Inc, which owns the KFC and Pizza Hut chains.
Just 18 months earlier, KFC's sales plunged in China after a supplier violated rules on drug use in chickens. Global fast food chains are rushing to expand in China but even experienced operators face costly pitfalls in a fast-changing food supply industry plagued by repeated safety scandals.
BEIJING— The owner of the KFC and Pizza Hut restaurant chains said Thursday a food safety scandal in China has hurt sales and might be severe enough to cut into the company's global profit.
Brinker International Inc. fell$. 25 or. 5 percent, to $45.58. Chipotle Mexican Grill Inc. rose $7.47 or 1.1 percent, to $681.83. Darden Restaurants Inc. fell$. 57 or 1.2 percent, to $46.31.
CNBC's Scott Cohn reports on the liabilities potentially facing franchise-owned McDonald's restaurants and corporate.
Brinker International Inc. fell$. 28 or. 6 percent, to $45.55. Chipotle Mexican Grill Inc. rose $3.60 or. 5 percent, to $677.96. Darden Restaurants Inc. fell$. 57 or 1.2 percent, to $46.31.
China is muscling tech firms and investors need to pay attention — this could impact future earnings, says Michael Yoshikami.
Corporate America may have another tax-avoidance trick up its sleeve, what some are calling 'outversions.'
Brinker International Inc. rose$. 24 or. 5 percent, to $46.07. Chipotle Mexican Grill Inc. rose $5.63 or. 8 percent, to $679.99. Domino's Pizza Inc. rose$. 12 or. 2 percent, to $73.99.
McDonald's warned that the ruling would affect not only the fast-food industry but businesses like dry cleaners, the NYT reports.
Stock futures pointed to a higher open on Wall Street after data had the economy growing 4 percent in the second quarter.
McDonald's and its franchisees can be held liable in complaints that the company violated employee rights, an official at the U.S. NLRB said.
July 29- McDonald's Corp, not just its franchisees, can be held liable in complaints that the company violated employee rights, an official at the U.S. NLRB general counsel Richard Griffin Jr. wrote in the letter that of the 181 complaints filed against the fast-food chain since November 2012 in connection with employee protests, 43 had merit.
SHANGHAI/ HONG KONG, July 30- When inspectors visited Shanghai Husi Food Co Ltd earlier this summer, the production line at the plant now at the centre of an international food scandal appeared in good order, with fresh meat being handled by properly-attired workers and supervisors keeping a watchful eye over the process.
McDonald's says it has been notified by a labor regulator that it can be named as a "joint employer" for workers in its franchise-owned restaurants.
The decision is pivotal because it could expose McDonald's Corp. to liability for management practices in those locations. The same is true for many other fast-food chains, including Burger King and Yum Brands, which owns Taco Bell, KFC and Pizza hut.
Insight to uncertainty around McDonald's meat coming from China, and the impact to its stock and earnings, with CNBC's Sara Eisen, and Will Slabaugh, Stephens Inc.