LOUISVILLE, Ky.--(BUSINESS WIRE)--Yum! Brands Inc. (NYSE: YUM), in advance of its annual investor update meeting, reaffirms its full year 2009 EPS growth forecast of 12%, excluding special items. Yum! also announces that it expects to deliver at least 10% EPS growth in 2010, excluding special items, which would mark the ninth straight year of meeting or exceeding this annual EPS growth target.
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Friday, December 4, 2009
Thursday, December 3, 2009
Trial Attorney Willie Gary and Team File $5 Billion Lawsuit against SUBWAY's Co-Founder and President, Fred DeLuca for Breach of Contract, Fraudulent
WEST PALM BEACH, Fla., Dec. 3 /PRNewswire/ -- Prominent trial attorney Willie Gary along with his law partners Maria Sperando, CK Hoffler and Manny Socias of the law firm of Gary, Williams, Finney, Lewis, Watson & Sperando, P.L. filed a $5 billion lawsuit on behalf of Anthony V. Pugliese III and his business against the Co-Founder and President of SUBWAY, Fred DeLuca. The lawsuit was filed today in Palm Beach County (case #502009CA040295XXXXMB).
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Papa John’s rolls out franchisee incentive plan
Papa John’s International Inc. has rolled out an incentive-laden plan aimed at attracting more franchisees for its pizza stores.
Louisville-based Papa John’s (NASDAQ: PZZA) said it will eliminate its $25,000 franchise fee, reduce its royalty rate and cover the cost of pizza ovens for franchisees that open stores in the United States by November 2010
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Louisville-based Papa John’s (NASDAQ: PZZA) said it will eliminate its $25,000 franchise fee, reduce its royalty rate and cover the cost of pizza ovens for franchisees that open stores in the United States by November 2010
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Developer plans to buy, update old Hilton
A group of Florida investors led by Miami condo developer Jorge Perez of The Related Group is in the final stages of negotiating the purchase of a troubled Hilton Hotel in downtown Pittsburgh, a deal signaling a new direction for the embattled developer.
The seller of the 50 year-old Hilton is Shubh Hotels, a private real estate investment and asset management firm in Boca Raton that bought the facility for $28 million in 2006.
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The seller of the 50 year-old Hilton is Shubh Hotels, a private real estate investment and asset management firm in Boca Raton that bought the facility for $28 million in 2006.
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Isle of Capri Casino's loss expands 28% to $1.369m
ISLE of Capri signed off on its troubled management of Our Lucaya's casino with a 5.4 per cent year-over-year increase in its second quarter loss to $968,000, upon an almost-32 per cent fall in revenues to $1.418 million.
Revealing the losses sustained by Isle-Our Lucaya in the run-up to the end of its extended lease, the US gaming company said revenues for the three months to October 25, 2009, had fallen by almost one-third from the $2.072 million generated in the comparable period in 20o8.
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Revealing the losses sustained by Isle-Our Lucaya in the run-up to the end of its extended lease, the US gaming company said revenues for the three months to October 25, 2009, had fallen by almost one-third from the $2.072 million generated in the comparable period in 20o8.
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Folio Hotels portfolio split to create two new hotel groups
Folio Hotels – the 18-strong group of managed provincial hotels which went into administration last December – has been split between a newly formed hotel group, Akkeron Hotels and the Vineyard Group.
Eight properties have been sold to Akkeron Hotels, while seven have had their management contracts taken back in-house by The Vineyard Group – whose parent company, Sonoma, also owns The Vineyard at Stockcross and Donnington Valley hotel in Berkshire.
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Eight properties have been sold to Akkeron Hotels, while seven have had their management contracts taken back in-house by The Vineyard Group – whose parent company, Sonoma, also owns The Vineyard at Stockcross and Donnington Valley hotel in Berkshire.
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Gordon Ramsay Holdings sells two-Michelin starred New York restaurant
Gordon Ramsay Holdings (GRH) has stepped back from the day-to-day involvement in its two-Michelin-starred restaurant at the London Hotel in New York.
The restaurant, which includes the London Bar modelled on the Maze restaurant concept as well as the eponymous fine-dining restaurant, is the fourth overseas venture GRH has sold this year.
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The restaurant, which includes the London Bar modelled on the Maze restaurant concept as well as the eponymous fine-dining restaurant, is the fourth overseas venture GRH has sold this year.
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Tuesday, December 1, 2009
Dubai World in Debt Talks on $26 Billion, Rest Stable
Dec. 1 (Bloomberg) -- Dubai World began talks with banks to restructure $26 billion of debt, including $3.5 billion owed by property unit Nakheel, and said the remainder of its liabilities are on “a stable financial footing.”
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Brewery launches Tactical Nuclear Penguin: ‘World’s Strongest’ Beer
A Scottish brewery, with a history of controversy, claims to have made the world’s strongest beer!
The drink, named “Tactical Nuclear Penguin” is so strong that it should be served in small measures usually reserved for spirits.
Its maker, BrewDog brewers of Fraserburgh described the 32 per cent proof tipple (or 64 proof) as its “most audacious and ambitious project to date”.
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The drink, named “Tactical Nuclear Penguin” is so strong that it should be served in small measures usually reserved for spirits.
Its maker, BrewDog brewers of Fraserburgh described the 32 per cent proof tipple (or 64 proof) as its “most audacious and ambitious project to date”.
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10,000 new pub jobs at JD Wetherspoon
Pub operator JD Wetherspoon plans to create 10,000 jobs over the next five years with the opening of 250 new pubs.
It is to invest £250m on the new outlets over the five year period. The company currently operates 743 pubs across the UK.
The new pubs will be located across the UK, including Sheffield, Livingston, Leominster, Otley, New Malden, Liverpool, Haverfordwest and Newcastle.
Wetherspoon chairman Tim Martin said: “We only have 743 pubs compared to, say, Mitchells & Butlers which has 2,000.
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It is to invest £250m on the new outlets over the five year period. The company currently operates 743 pubs across the UK.
The new pubs will be located across the UK, including Sheffield, Livingston, Leominster, Otley, New Malden, Liverpool, Haverfordwest and Newcastle.
Wetherspoon chairman Tim Martin said: “We only have 743 pubs compared to, say, Mitchells & Butlers which has 2,000.
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S. Fla. hotel rates tumble again
Continuing a trend, hotel rates fell again for the week ended Nov. 21, according to data from Smith Travel Research.
Average daily room rates in Broward County fell to $95.34 from $111.72 at the same time last year. Miami-Dade rates fell to $129.17 from $143.64. Rates in Palm Beach County fell to $108.27 from $118.25
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Average daily room rates in Broward County fell to $95.34 from $111.72 at the same time last year. Miami-Dade rates fell to $129.17 from $143.64. Rates in Palm Beach County fell to $108.27 from $118.25
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World's Top 20 Business Hotels
Hotels that combine service, technology and comfort have topped a list of the world's best business hotels with the winners offering their guests those added extras that can make all the difference to a trip.
Readers of travel magazine Travel + Leisure ranked hotels on a list of services and amenities to come up with their 20 top business hotels, part of the publication's annual World's Best survey.
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Readers of travel magazine Travel + Leisure ranked hotels on a list of services and amenities to come up with their 20 top business hotels, part of the publication's annual World's Best survey.
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City to delay ban on coffee cups
The city of Toronto is expected to vote today to delay its controversial ban on disposable coffee cups, deciding to take a back seat as the McGuinty government prepares to enact province-wide regulations on the recycling program.
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Fontainebleau Las Vegas retailers part of auction
The auction for the resort and retail portions of Fontainebleau Las Vegas will be consolidated, but not the bankruptcies.
Attorney Scott Baena, who is representing the entities developing the more than $2 billion Fontainebleau Las Vegas, filed for Chapter 11 reorganization last week on behalf of the three retail subsidiaries. The request was submitted as part of Carl Icahn’s $156 million stalking-horse bid for the entire project, which was under construction, but has stalled
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Attorney Scott Baena, who is representing the entities developing the more than $2 billion Fontainebleau Las Vegas, filed for Chapter 11 reorganization last week on behalf of the three retail subsidiaries. The request was submitted as part of Carl Icahn’s $156 million stalking-horse bid for the entire project, which was under construction, but has stalled
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China Looks To Accelerate Development Of Tourism Industry
The recent Chinese State Council Executive Meeting approved in principle the proposal "View on Accelerating Development of Tourism Industry", encouraging social capital and enterprises of all ownerships to enter the tourism industry.
Tourism has both economic and social functions with low energy consumption, a high influence coefficient, more employment opportunities, and better comprehensive benefits. Despite the rapid development in recent years, the tourism industry still faces problems of extensive growth mode, underdeveloped infrastructure, and low service quality
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Tourism has both economic and social functions with low energy consumption, a high influence coefficient, more employment opportunities, and better comprehensive benefits. Despite the rapid development in recent years, the tourism industry still faces problems of extensive growth mode, underdeveloped infrastructure, and low service quality
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