Airbus recorded orders and options for 123 planes, according to the aviation consulting firm IBA.iQ.Paris Air Showread more
Markets in Asia edged up in Tuesday morning trade as investors awaited the start of a closely-watched meeting by the U.S. Federal Reserve, set to kick off later stateside.Asia Marketsread more
Wall Street analysts think Facebook's cryptocurrency payments project will give the company a big boost.Marketsread more
Chinese President Xi Jinping will travel to North Korea this week for a two-day visit, ahead of a possible meeting between Xi and President Donald Trump at next week's G-20...Politicsread more
The Pentagon said that the crew of one of the tankers, the Japanese Kokuka Courageous, found an unexploded limpet mine on its hull following an initial explosion.Politicsread more
Despite the popularity of companies like Beyond Meat and Impossible Foods, meat consumption around the world continues to rise.Food & Beverageread more
Electronic material that Infowars host Alex Jones turned over to families of Sandy Hook Elementary School shooting victims who are suing him contained images of child...Politicsread more
Facebook's reported move into cryptocurrency could amount to the biggest catalyst for digital assets in their decade-long history, some crypto investors say.Bitcoinread more
In a 7-2 ruling, over dissents from Justices Ruth Bader Ginsburg and Neil Gorsuch, the justices affirmed the so-called "dual sovereignty" exception to the Constitution's...Politicsread more
Eleven banks that lend to shipping lines announced Monday that climate impact will be integrated into the criteria that determines how much shipping companies can borrow, an...Transportationread more
Florida businessman Barry Honig agreed to a proposed judgment with the SEC in a case it called "classic pump-and-dump schemes," according to Monday filings.Crimeread more
Jack in the Box, a U.S. hamburger restaurant chain with more than 2,000 restaurants, is exploring options that could include a sale of the company after divesting its Qdoba brand earlier this year, people familiar with the matter told Reuters on Thursday.
A sale would be the latest in a series of deals in the fast food sector this year, including the sale of drive-in burger chain Sonic to Arby's owner Inspire Brands for about $1.57 billion.
Jack in the Box started talks with potential buyers this month, including private equity firms, the sources said. There is no certainty that any deal will be reached, added the sources, who asked not to be identified because the matter is confidential.
Jack in the Box did not immediately respond to a request for comment. Its shares rose 6.6 percent on the news to $89.14 on Thursday afternoon, giving it a market capitalization of $2.3 billion.
Jack in the Box has been grappling with decreased consumer demand for fast food, as well as with higher wages for its workers.
It has been investing more in marketing and has updated its menu to include items such as the "Cholula Buttery Jack" and Teriyaki bowls. It beat revenue estimates in its two most recent earnings quarters, following a string of misses.
The company has also had to contend with dissatisfaction from its own operator base, the National Jack in the Box Franchisee Association, which last month demanded the company replace CEO Lenny Comma, saying the 2,240-outlet company's current strategy was harming its 2,000 franchise-owned restaurants.
Jack in the Box reached a settlement with activist hedge fund Jana Partners last month, agreeing to expand its board and give Jana a say over who fills two board seats.
Earlier this year, Jack in the Box sold its Qdoba Restaurant Corp unit, which operates and franchises more than 700 Qdoba Mexican Eats restaurants, to private equity firm Apollo Global Management for about $305 million cash.
This story is developing. Please check back for updates.