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TORONTO, Aug 25- Investors in Burger King Worldwide Inc and Tim Hortons Inc applauded news of a potential merger between the two fast food chains, seeing both tax savings and strategic rationale for a combination.
Shares of Tim Hortons surged on news that Burger King may buy it. The Canadian company's stock may yet have room to run.
When it comes to fast food, McDonald’s is the Mac daddy. But on Wall Street the Golden Arches are getting a run for their money. USAToday reports.
Brinker International Inc. rose$. 03 or. 1 percent, to $49.40. Chipotle Mexican Grill Inc. rose $1.55 or. 2 percent, to $678.50. Darden Restaurants Inc. rose$. 04 or. 1 percent, to $47.61.
R.J. Hottovy, Morningstar, shares his thoughts on young consumers defecting to fast-casual restaurants like Chipotle, and Five Guys.
Miles Nadal, MDC Partners founder, chairman, & CEO, discusses the waning of such signature brands as Ivory soap and Volvo, and what some companies are doing to turnaround sales.
NEW YORK/ TORONTO, Aug 24- Burger King is in talks to acquire Canadian coffee and doughnut chain Tim Hortons Inc in a deal that would create a fast food powerhouse with a market capitalization of roughly $18 billion.
SHANGHAI, Aug 25- The entanglement of H.J. Heinz Co. in China's latest food scare highlights a key concern for international and local firms- how to keep track of ingredients from diverse sources in a country where food supply tracing technologies are far from the norm.
Amid rising beef and cheese prices, what exactly does a dollar buy these days? Not a whole lot, as it turns out.
The "Fast Money" traders share their final trades of the day.
Brinker International Inc. rose$. 70 or 1.4 percent, to $49.37. Chipotle Mexican Grill Inc. fell $4.12 or. 6 percent, to $676.95. Darden Restaurants Inc. rose$. 12 or. 3 percent, to $47.57.
Yellen: Job market makes Fed hesitant on rate hike. JACKSON HOLE, Wyoming— If anyone thought Janet Yellen might clarify her view of the U.S. job market in her speech here Friday, the Federal Reserve chair had a message:. North Texas, SMU and Troy University will begin beer sales to the general public this season.
Aug 22- McDonald's Corp is replacing its U.S. president for the second time in two years, a move that suggests increased pressure on Chief Executive Don Thompson to improve sales in the fast food chain's home market.
Brinker International Inc. rose$. 82 or 1.7 percent, to $49.49. Chipotle Mexican Grill Inc. fell $5.93 or. 9 percent, to $675.14. Darden Restaurants Inc. rose$. 10 or. 2 percent, to $47.55.
Some of Friday's midday movers:
Aug 22- McDonald's Corp is changing the leadership at its struggling U.S. division for the second time in two years in a move that may signal increased pressure on Chief Executive Officer Don Thompson.
Aug 22- McDonald's Corp named former executive Mike Andres as president of McDonald's USA replacing Jeff Stratton, as part of efforts to arrest falling sales in its home market.
McDonald's announced Friday that its U.S. president, Jeff Stratton, would be retiring from the company. He will be replaced by Mike Andres.
NEW YORK— McDonald's named a new president for its struggling U.S. division on Friday, marking the second change in the high-profile spot in less than two years. The world's biggest hamburger chain says it's bringing back a longtime McDonald's executive, Mike Andres, to fill the role effective Oct. 15.
HONG KONG, Aug 22- A Chinese retailer is offering insurance to customers who buy infant milk powder, highlighting the lengths to which companies are going to address concern about food safety in China.