Larry Miller News
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Yum! Brands Inc., owner of the KFC and Pizza Hut dining chains, posted first-quarter profit that topped analysts’ estimates as new menu items helped Taco Bell’s domestic sales.
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Shares of full-service restaurants are leading other consumer-discretionary companies, a sign investors are betting Americans will spend more on dining out.
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Restaurants are reeling from their worst three months since 2010, as American diners spooked by higher payroll taxes cut back on eating out.
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Full-service chains owned by Darden Restaurants Inc. and Brinker International Inc. are underperforming as investors bet on a slowdown in dining out, a signal to the Federal Reserve to do more to bolster consumption.
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When California Lieutenant Governor Gavin Newsom begins meetings in Austin with Hardee’s hamburgers chief Andrew Puzder, local Chamber of Commerce Chairman Bobby Jenkins and Texas Governor Rick Perry , it’s because the most- populous state lingers in a funk, even as the U.S. pulls out of the deepest recession in half a century.
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The Portland Trail Blazers fired coach Nate McMillan a day after a 42-point loss to the New York Knicks.
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Yum! Brands Inc. , owner of the KFC fast-food chain, offered to take Little Sheep Group Ltd. private in a deal that values the operator of hot pot restaurants in China at HK$6.7 billion ($862 million).
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Dining out will cost more this year as U.S. restaurants take advantage of the nearly two-year long expansion to boost prices on food and drinks.
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Utah Jazz coach Jerry Sloan , saying he no longer has enough energy for the job, resigned in his 23rd season with the National Basketball Association team and was replaced by Tyrone Corbin .
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McDonald’s Corp. and Wal-Mart Stores Inc. are getting a boost from value-minded consumers as rising commodity costs constrain discretionary income and confidence in the economy wanes.
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