Restaurants
Men charged in stock fraud case involving a small-town NJ deli are set to appear in federal court
Two men accused in an alleged stock-manipulation scheme involving a small-town New Jersey deli are set to appear Tuesday morning at a federal courthouse that’s about a 20-minute drive from the now-closed shop at the heart of the case. Peter Coker Sr., 80, and James Patten, 63, who were arrested by federal authorities last month […]
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3 of our stocks, including Ford, are in the news. Here’s the Club’s take on the headlines
Three Club holdings — Ford (F), Disney (DIS) and Starbucks (SBUX) — were in the news Tuesday. Here’s our take on the headlines. The news: Ford announced a year-over-year sales decline of 8.9% in September. But with numbers from the final month of the third quarter in, the company’s sales on a quarterly basis rose […]
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Defendant in case of $100 million NJ deli hires lawyer who repped ‘pharma bro’ Martin Shkreli
Hometown Deli, Paulsboro, N.J. Mike Calia | CNBC Peter Coker Sr., a single of the defendants in the circumstance of the so-termed $100 million New Jersey deli, hired a lawyer who beforehand represented “pharma bro” Martin Shkreli, according to a new courtroom filing Tuesday. Coker Sr. employed Marc Agnifilo to stand for him in his […]
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Wendy’s drive-thru lanes struggle, while Chick-fil-A has the fastest service, report says
A worker hands a customer their order in the drive-through of a Wendy’s fast food restaurant in Pinole, California, on Wednesday, May 25, 2022. David Paul Morris | Bloomberg | Getty Images Wendy’s is often credited with pioneering drive-thru ordering, but the burger chain’s drive-thru accuracy and customer satisfaction scores lagged behind its rivals this […]
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UBS upgrades Domino’s Pizza, says demand slowdown concerns are overblown
It’s time for investors to take a slice out of the Domino’s Pizza pie despite concerns of slowing demand for the pizza maker, according to UBS. Analyst Dennis Geiger upgraded shares of the fast food stock to buy from neutral, saying in a note to clients that the valuation looks attractive compared to its peers […]
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London, Paris, Frankfurt and beyond: CNBC names Europe’s best hotels for business travel
International travel may still have its challenges. But finding a solid hotel for a business trip isn’t one of them. CNBC Travel and the market data firm Statista today release a ranking of the “Best Hotels for Business Travelers” in Europe. This is the first ranking of its kind between CNBC and Statista, who […]
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Disney executive Kareem Daniel joins McDonald’s expanding board
Kareem Daniel Source: Business Wire Disney’s Kareem Daniel is the fourth new director to join McDonald’s board this year. The fast-food giant announced Monday that the more than 15-year Disney veteran is the 15th member of its board, effective Oct. 1. Daniel currently leads Disney’s media and entertainment distribution group, overseeing the growth of its […]
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The union push could face a big obstacle in 2023 if the economy falls into a recession
Hannah Whitbeck (C) of Ann Arbor, Michigan, speaks as Alydia Claypool (L) of Overland Park, Kansas, and Michael Vestigo (R) of Kansas City, Kansas, all of whom say they were fired by Starbucks, listen during the “Fight Starbucks’ Union Busting” rally and march in Seattle, Washington, on April 23, 2022. Jason Redmond | AFP | […]
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McDonald’s owners group says company rejected request to delay big changes to franchise system
A customer places an order September 24, 2022 at a McDonald’s Restaurant along the New York State Thruway in Hannacroix, New York. Robert Nickelsberg | Getty Images News | Getty Images A group representing McDonald’s owners said the company rejected its request to delay changes to franchising policies, including updated standards and adjustments to how […]
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Feds sought to jail father charged in $100 million New Jersey deli fraud with Hong Kong-centered son at big
Hometown Deli, Paulsboro, N.J. Mike Calia | CNBC Federal authorities sought to detain just one of the guys billed in an alleged multiyear fraud scheme involving a neighborhood deli in a smaller New Jersey town, in accordance to court docket documents. The man – Peter Coker Sr., 80 – was arrested Monday in North Carolina […]
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