Marfrig Alimentos SA, Brazil’s No. 2 beef producer, expects the arrival of international restaurant chains from Longhorn Steakhouse to Olive Garden to drive sales growth as middle-income Brazilians spend more eating out.
McDonald’s Corp., the world’s largest restaurant chain, said sales at stores open at least 13 months rose 2.6 percent last month, topping analysts’ estimates, as the Dollar Menu and breakfast items drove the U.S. business.
The average meal at a chain restaurant contains more than half the calories, 1.5 times as much sodium and almost all the fat that people are recommended to consume in an entire day, researchers in Canada found.
The lobbyist for grocers including Kroger Co. and Safeway Inc. is calling on President Barack Obama to curtail a U.S. health law provision that mandates the companies display the calorie content of all their foods.
U.S. stocks climbed for a third week, pushing benchmark indexes to record levels, as companies from Walt Disney Co. to DirecTV beat earnings estimates and central banks worldwide stepped up monetary stimulus to boost growth.
Morton’s Restaurant Group Inc. directors shortchanged investors by selling the steakhouse chain to billionaire restaurateur Tilman Fertitta for $116.6 million in 2012 instead of holding out for a higher bid, a lawyer argued.