Toronto-Dominion Bank, which has bought about C$17 billion ($15 billion) of credit-card assets since 2011, displaced Canadian Imperial Bank of Commerce as the country’s top issuer, according to the Nilson Report.
Caesars Entertainment Corp. is about to find out whether $100 million is enough to entice lenders to finance a plan that would put valuable casino assets out of the reach of most of its current creditors in case of a bankruptcy.
Marriott International Inc., the world’s second-largest publicly traded hotel company, said it will continue expanding its chains in African markets following the acquisition of South Africa’s Protea Hospitality Holdings.
Burger King Worldwide Inc., the second-biggest U.S. burger chain by store count, is introducing an application that will allow customers to pay for Whoppers with their smartphones as it races rivals to woo younger diners.
Starbucks Corp., the world’s largest coffee-shop operator, will test a smartphone service this year that lets customers order items ahead of time at some U.S. cafes, part of a push to promote its mobile application.