Monday, February 22, 2010

Burger King Launches Premium Steakhouse XT Burger Line

MIAMI--(BUSINESS WIRE)--Burger King Corporation (NYSE:BKC) today announced that BURGER KING(r) restaurants nationwide are cooking with a ground-breaking new broiler that takes product quality and menu innovation to great-tasting new heights. This state-of-the-art equipment is the heart of BURGER KING(r) restaurant kitchens. The broiler, supplied by two manufacturers, features proprietary technology that allows restaurants to further enhance the brand's famous flame-fresh taste and provides the flexibility necessary to explore a wider range of innovative, delicious, fire-grilled foods.

"This new broiler is a game-changing piece of equipment and a significant point of differentiation for us," said John Schaufelberger, senior vice president, global product marketing and innovation, Burger King Corporation. "Not only is the technology revolutionary to our industry, it is proprietary to the BURGER KING(r) brand. It allows us to up the ante in our product development across the board - from superior quality food and unconventional menu innovations to even more competitive value offerings."

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The FastCasual.com Top 100 Movers & Shakers

Publisher Paul Barron calls the 2009 FastCasual.com Top 100 Movers & Shakers the "fifth act" of fast casual.

Ranking the segment's top 100 brands for the fifth time, we attempted to refine the fast casual concept as one that offers gourmet-level food or drink and an interior that wows the guest at a price that is driven by value.

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Travelodge to spend £61m on 10 new hotels in UK

Travelodge has announced the development of 10 new hotels, at an investment value of £61m.

The hotels will provide an additional 1,133 rooms and will create 300 jobs, with all entry level staff being recruited from the long term unemployed.

There will be three new hotels in London, two in Manchester and further openings in Bristol, Liverpool, Camberley, Cannock and Andover.

The new London hotels underlines Travelodge’s commitment to being the biggest hotel brand in the capital by London 2012.

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Texas Roadhouse, Inc. Announces Fourth Quarter 2009 Results

Results for the fourth quarter:

•Comparable restaurant sales decreased 2.6% at company restaurants and 1.2% at franchise restaurants;
•Five company restaurants opened and one franchise restaurant was acquired;
•Restaurant margins increased 237 basis points to 17.4%;
•Diluted earnings per share increased 40% to $0.12 from $0.09 in the prior year period.

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Starwood to judge: Don't let federal prosecutors halt civil suit against Hilton

Starwood today asked a judge to deny federal prosecutors' request to halt Starwood's corporate espionage lawsuit against Hilton, according to a new court filing.

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