April 24- Domino's Pizza Inc missed Wall Street estimates for quarterly same-store sales growth in the United States on Wednesday, hurt by growing competition from food delivery startups and rival pizzerias. "We remain focused on improving international comps," Chief Executive Officer Ritch Allison said in a statement. Net income rose to $92.7 million, or...
HONG KONG/ BEIJING, April 23- Luckin Coffee Inc, the Chinese challenger to Starbucks Corp, filed on Monday for a U.S. initial public offering through which, sources said, it is looking to raise up to $800 million. The Beijing- based coffee chain set a placeholder amount of $100 million to indicate the size of the IPO and did not disclose the number of shares it would offer,...
Ho Kwon Ping of Banyan Tree discusses the impact of the bombings in Sri Lanka on his business. He says tourism is very susceptible to event risks.
April 22- Luckin Coffee Inc, the Chinese challenger to Starbucks Corp, on Monday filed for an initial public offering with the U.S. Securities and Exchange Commission, after being valued at nearly $3 billion in its latest round of funding. The Beijing- based coffee chain set a placeholder amount of $100 million to indicate the size of the IPO and did not disclose the...
POLICE SPOKESMAN SAYS THREE SRI LANKA CHURCHES AND THREE HOTELS WERE HIT BY EXPLOSIONS.
LAWSUITS AGAINST FOREIGN FIRMS DOING BUSINESS IN CUBA, THAT IT DID NOT OWN ASSETS THAT COULD BE SUBJECT TO POTENTIAL CLAIMS AFTER THEIR EXPROPRIATION IN THE 1960 S. *IF ANY CLAIM WERE MADE AGAINST ANY HOTEL, THE COMPANY'S ROLE WOULD BE THAT OF HOTEL MANAGERS, EQUIVALENT TO TRAVEL AGENTS, TOUR OPERATORS, AIRLINES, LINKED TO TOURIST BUSINESS IN CUBA.
April 17- Carl's Jr will become the first fast food chain to sell a CBD-infused hamburger when its "Rocky Mountain High Cheeseburger Delight" goes on sale in Denver on Saturday, the company said. The Tennessee- based chain is selling the burger for just one day at one location in northeast Denver as part of its strategy to test out "bold and unexpected" flavors, the...
April 16- U.S. casino operator Caesars Entertainment Corp, which has been under pressure from activist investor Carl Icahn to sell itself, on Tuesday named Anthony Rodio as its chief executive officer. Reuters reported in February that Icahn had proposed Rodio, CEO of privately held casino gaming company Affinity Gaming, as successor to Mark Frissora, who was...
Regis and Ritz-Carlton, says it is committed to all of its brands which give it the breadth to take advantage of fast-growing markets like China. "We're focused on growing multiple tiers, not just luxury... we're also excited about growing our Courtyard brand in China," Linnartz told Reuters on Thursday. It has more than 300 hotels in China in the pipeline for the next...
WASHINGTON, April 10- Potential U.S. Federal Reserve nominee Stephen Moore on Wednesday said the U.S. economy can grow at 3% or 4%, largely reflecting President Donald Trump's stance, but suggested it might be hard to top that rate. The president has said he plans to nominate Moore, along with former restaurant chain executive Herman Cain, to spots on the Federal...
Wynn Resorts' recent $7.1 billion takeover offer for Australia's Crown Resorts signals a change in strategy at the world's second-largest casino operator, analysts told CNBC.
David Katz, Jefferies, explains his bullish call on Wynn Resorts.
Motel 6 agreed to pay $12 million to settle a lawsuit in which Washington state's attorney general said the chain routinely provided guest lists to U.S. Immigration and Customs Enforcement (ICE) agents.
CNBC's Contessa Brewer gives the latest on Wynn Resorts as its executives testify before gaming regulators in Massachusetts.
Massachusetts gambling regulators are questioning Wynn Resorts leaders Thursday about what they knew about allegations of sexual misconduct against company founder Steve Wynn.
CNBC's Contessa Brewer reports from Boston as Wynn Resorts CEO Matt Maddox testifies to keep the company's gambling license in the city.
FRANKFURT, April 4- Deutsche Bank has banned its staff from staying in hotels of the Brunei- owned Dorchester Collection, following the Sultanate's decision to implement Islamic laws that would allow death by stoning for adultery and homosexuality. "The new laws introduced by Brunei breach the most basic human rights, and we believe it is our duty as a firm to take...
CNBC's Contessa Brewer reports from Boston as Wynn's gambling license hangs in the balance. Explosive testimony from a board member alleges that allegations against Steve Wynn were known as far back as 2016.
A growing number of start-ups promise apps that match travelers seeking short-term bag storage with businesses that have secure storage space. No more toting your bag to a museum or client meeting.
With shares of Chipotle near multiyear highs, prospective buyers should be focused on finding the best entry point, analysts say.
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