Stocks could chop around and rack up more losses in the week ahead, with the next wave of corporate earnings reports.» Read More
Brinker International Inc. fell$. 41 or. 7 percent, to $61.41. Chipotle Mexican Grill Inc. rose$. 81 or. 1 percent, to $653.20. Darden Restaurants Inc. fell$. 33 or. 5 percent, to $67.12.
April 6- Domino's Pizza Inc will need to raise the minimum wage to get the "right people" to stay competitive, the pizza chain's chief executive said on Monday, less than a week after McDonald's Corp said it plans to raise the minimum wage for its U.S. workers. Retailers such as Target Corp, Wal-Mart Stores Inc and TJX Cos have also said they would raise worker pay.
As more and more companies hike wages, is a Fed rate hike next?
The jobs report is the latest in a string of data that suggest the Fed shouldn't get trigger happy on rates, this economist says.
NEW YORK/ LOS ANGELES, April 2- McDonald's Corp's announcement that it will raise the average pay at its company-operated U.S. restaurants threatens to complicate an ongoing labor dispute that turns on whether McDonald's can be held responsible for the labor violations of its franchisees. Steve Caldeira, president of the International Franchise...
The jobs report hits markets Friday when only bonds and futures markets are open in the U.S. with the stock market closed for Good Friday.
The Indian fast food market is expected to reach $16 billion in 2018, making it the new mega-market option for international players.
Standard & Poor's has a negative outlook on McDonald's credit. The benefits of its wage hike could be worth the cost, Robert Schulz says.
As McDonald's plans a pay raise for 10 percent of its U.S. restaurants, will the move extend to its individually-owned franchises?
WASHINGTON, April 2- America's lowest paid workers are getting bigger raises that are outpacing the gains of many of their better-off peers, a trend that suggests the benefits of U.S. economic growth are finally trickling down, boding well for the resilience of the upturn. Wages in leisure and hospitality, the sector with the lowest average earnings at $14.23 an...
LOS ANGELES, April 1- McDonald's Corp plans to raise the average pay of about 90,000 U.S. workers to around $10 an hour, but the increase will not benefit workers at the vast majority of the restaurants, because they are operated by franchisees, who make their own wage decisions. Wal-Mart Stores Inc and other retailers have introduced entry-level wage hikes in...
LOS ANGELES, April 1- McDonald's Corp plans to raise the average pay of roughly 90,000 U.S. restaurant workers to around $10 and to tack on benefits such as paid vacations, the fast-food giant said on Wednesday. On July 1, starting wages at McDonald's roughly 1,500 company-operated U.S. restaurants will be $1 above the locally mandated minimum wage.
U.S. stocks closed lower on Wednesday as investors weighed softness in economic data ahead of Friday's important jobs report.
SAN FRANCISCO, April 1- McDonald's Corp plans to raise U.S. restaurant workers' pay by more than 10 percent and tack on benefits such as paid vacations, according to a Wall Street Journal story citing the fast-food chain's new chief executive. According to the report, McDonald's will raise pay at least $1 above the local minimum wage for roughly 90,000 workers in...
The move will not apply to workers at franchisee-owned restaurants, which make up 90 percent of U.S. stores.
Some of the names on the move ahead of the open.
McDonald's and labor unions are in a fight that has entered a key phase this week, and the ultimate outcome could alter the franchising model.
Table service in Germany, breakfast all day in San Diego are signs that right steps are being taken at one company.
FRANKFURT, March 30- McDonald's Corp is introducing table service in Germany as it reinvents itself as a "modern, progressive burger company" under new Chief Executive Steve Easterbrook. Germany has been a challenging market for McDonald's, which has struggled to find the right recipe for selling to the nation's health- and cost-conscious diners.
Fast food giant McDonald's is making an early step toward extending breakfast hours to all-day long.