Supply chain problems are reaching a far corner of the business universe: ketchup packages. After enduring a year of closures, employee safety fears and openings from start to finish, American restaurants now …
Read More »Rival Group Makes Approximately $ 680 Million Fully Funded Offering to Tribune
A Maryland hotel magnate and a Swiss billionaire made an offer for Tribune Publishing Co. that the newspaper chain is expected to favor over a takeover deal it has already reached with …
Read More »Small Business Owners Feel the Weight of Personal Debt Guarantees
The pressure is tightening for American restaurant, gym and other small business owners trying to hold out until the economy fully reopens. And unlike most large companies, the burden is often deeply …
Read More »Household spending in the US fell 1% in February
American households cut spending by 1% last month as cold weather hit much of the country, but they are poised to resume shopping as the pandemic slows and a new round of …
Read More »KFC, Taco Bell and Pizza Hut to begin receiving text message orders
KFC owner Yum Brands Inc. is buying an Israel-based startup that helps customers order food to text, a strategy executives hope will boost sales as people leave the store. fast food and …
Read More »Cruise lines fear another lost summer
PORT CANAVERAL, Fla. – Terminal Tres, a cavernous $ 155 million structure built for Carnival Cruises, is decked out in the company’s signature blue paint, hundreds of beechwood seats, and a sleek …
Read More »Blackstone and Starwood Capital Partner to Purchase $ 6 Billion Extended Stay for Hotel Operators
Blackstone Group Inc. and Starwood Capital Group have agreed to acquire hotel owner and operator Extended Stay America Inc. for $ 6 billion, a bet that a rare bright spot for the …
Read More »Airbnb shares enjoy the best day since IPO, as analysts call the company the ‘best travel asset’
Airbnb Inc.’s resilience to the continued slowdown in travel due to the pandemic, as well as its position vis-à-vis its peers, led to positive reviews of its first analyst earnings report and …
Read More »Opinion: Airbnb and DoorDash Offer Wall Street Different Post-Pandemic Futures as Stocks Move in Different Directions
Airbnb Inc. and DoorDash Inc. went public in late 2020, then jumped into the earnings stage for the first time as a couple on Thursday to report similar giant quarterly losses. But …
Read More »Beyond Meat reaches agreements with McDonald’s, KFC, Taco Bell and Pizza Hut; stocks rise despite tepid earnings
Shares in Beyond Meat Inc. initially fell 15% in extended trading on Thursday after the company fell short on quarterly estimates. But the exclusive deals with McDonald’s Corp. and Yum Brands Inc., …
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