Overseas restaurant chains testing the waters for European expansion typically open an outlet or two in London, Paris or perhaps somewhere in Germany. Japanese noodle purveyor Toridoll Corp. chose Moscow.
Morgan Stanley’s Dennis Lynch looks for small companies he can buy and hold for years as they grow into bigger businesses -- a search that has led to investments from Pandora Media Inc. to Twitter Inc. Sometimes he is willing to pay prices that look expensive by traditional measures.
After two decades of battles by public health advocates, the artery clogging trans fats common in cookies, frozen pizzas and other processed foods have been deemed unsafe by U.S. regulators, opening the door to a ban.
Chipotle Mexican Grill Inc., the restaurant chain with the fastest-growing sales among its peers, said third-quarter profit rose 15 percent as more advertising boosted store traffic. The shares jumped the most in more than six years.
Thailand’s stocks fell the most in a month, with the benchmark index posting the biggest drop worldwide, amid speculation that a bill granting amnesty for political offenses will spur protests against the government.
Potbelly Corp., the Chicago-based purveyor of made-to-order toasted sandwiches, more than doubled in trading after pricing its IPO above an increased range, highlighting investors’ appetite for growing restaurant chains.