NEW YORK Papa John's International Inc on Tuesday posted a second-quarter comparable sales decline of 6.1 percent in North America and cut its forecast for the coming months, as a heated spat between the pizza chain and its founder dragged on profits.
Yum Brands Inc's quarterly sales fell short of Wall Street estimates on Thursday, as fewer customers dined at its Pizza Hut and Taco Bell chains, sending its shares down slightly in morning trading.
Starbucks Corp and e-commerce company Alibaba Group Holding Ltd are set to join forces on coffee delivery, according to media reports, as the coffee retailer seeks to rebound from a sales slump in the once-booming China market.
NEW YORK John Schnatter, the founder and largest shareholder of Papa John's International Inc , said on Thursday that Steve Ritchie, who rose from a $6-per-hour employee to CEO with Schnatter's backing, should not be leading the company.
NEW YORK Starbucks Corp forecast slower growth for the current fiscal year on Thursday as boutique coffee chains and fast-food retailers won business in the United States and other established markets and the bloom came off once-booming China.
NEW YORK, July 26 John Schnatter, the founder
and ousted former chairman of Papa John's International Inc
, on Thursday sued the pizzeria chain, complaining that
the company had not provided adequate response to an earlier
request for internal documents.
American Airlines on Tuesday said it plans to no longer offer plastic straws and stir sticks in its lounges and onboard its flights, amid a broader global push to abandon one-time use plastics.
NEW YORK Airbus SE scored a key victory on Tuesday, with U.S. airline JetBlue announcing it would buy 60 of its A220-300 narrowbody jets, the first major order for the planemaker's newly rebranded program as its battle with rival Boeing Co intensifies.
NEW YORK Starbucks Corp said on Monday it will begin phasing out use of plastic straws at its restaurants by 2020, giving environmentalists a sizeable victory in their campaign to convince restaurants to abandon plastic utensils. | Video
WASHINGTON A group of U.S. state attorneys general is investigating whether Five Guys, Panera, Burger King and other big fast food chains are using "no-poach" rules in franchise agreements to hold down wages and limit employee advancement, the officials said on Monday.