KFC faces pressure after McDonald’s says no antibiotics in chicken
LOS ANGELES/CHICAGO (Reuters) – KFC, the world’s largest chain of fried chicken restaurants, may face pressure from consumer and environmental groups to change how its poultry are raised after McDonald’s Corp said it would switch to chicken raised with…
Doral Financial files for Chapter 11 bankruptcy
(Reuters) – Doral Financial Corp filed for voluntary Chapter 11 bankruptcy protection on Wednesday, saying it intends to wind down its businesses, liquidate its assets, and seek approval for a liquidation plan.
Uber, Lyft rebuffed in bids to deem drivers independent contractors
SAN FRANCISCO (Reuters) – Ride-hailing apps Uber and Lyft failed to persuade separate U.S. judges on Wednesday to rule that their drivers are independent contractors instead of employees, in cases that have wide implications for Silicon Valley “sharing…
Fed slashes payout plans of large Wall Street banks
WASHINGTON (Reuters) – Four of the largest U.S. banks just scraped by in an annual Federal Reserve check-up on the industry’s health, underscoring their top regulator’s enduring doubts about Wall Street’s resilience more than six years after the crisis…
South Korea’s LG Group says plans record 6.3 trillion R&D investment in 2015
SEOUL (Reuters) – South Korean conglomerate LG Group on Thursday said its companies plan to invest a record 6.3 trillion won ($5.57 billion) in research and development in 2015 to secure future growth.
American Eagle, Aeropostale abandon logos as they look for edge
(Reuters) – By staying on top of trends, quickly turning around inventories and offering new styles, prints and new bohemian looks – all with little visible branding – American Eagle and Aeropostale may have found the path to recovery, analysts say
Shake Shack says comparable sales growth likely to slow in 2015
(Reuters) – Shake Shack Inc forecast slowing same-restaurant sales growth in 2015 and swung to a fourth quarter loss, sending the hamburger chain’s shares up to 9 percent lower on disappointment over its first quarterly report as a public company.
Embattled euro licks wounds in Asia, still vulnerable
SYDNEY (Reuters) – The euro wallowed just above a fresh 12-year low early on Thursday having faced an unrelenting onslaught this week as the European Central Bank kicked off its 1 trillion euro bond-buying campaign.
U.S. Fed slashes payout plans of large Wall Street banks
WASHINGTON (Reuters) – Four of the largest U.S. banks just scraped by in an annual Federal Reserve check-up on the industry’s health, underscoring their top regulator’s enduring doubts about Wall Street’s resilience more than six years after the crisis…
Shake Shack says comparable sales growth likely to slow in 2015
(Reuters) – Shake Shack Inc forecast slowing same-restaurant sales growth in 2015 and swung to a loss in the fourth quarter, helping to send the hamburger chain’s shares down as much as 9 percent after its first quarterly report as a public company.
