Restaurants
Union claims Starbucks illegally closing cafe to retaliate, Bloomberg reports
A pro-union poster is seen on a lamp pole outside Starbucks’ Broadway and Denny location in Seattle’s Seattle’s Capitol Hill neighborhood on March 22, 2022. Toby Scott | Sopa Images | Lightrocket | Getty Images The workers union at Starbucks is claiming the coffee chain is shutting down a recently unionized cafe in retaliation for […]
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Starbucks union creates $1 million fund to cover lost pay for striking baristas
A protester waves a sign that read "unionize" near the Country Club Plaza Starbucks store where dozens of Starbucks employees and union supporters protested alleged anti-union tactics by the company Thursday, March 3, 2022. Jill Toyoshiba | Tribune News Service | Getty Images The union backing organizing efforts at Starbucks is creating a $1 million […]
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Taco Bell locations are running out of Mexican Pizza less than two weeks after its return
Taco Bell’s Mexican Pizza Source: Taco Bell Taco Bell is running out of its Mexican Pizza, less than two weeks after the chain brought back the menu item. The chain owned by Yum Brands said in a statement that it’s working with its restaurants and suppliers to get the item back on its menu permanently […]
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Carl Icahn loses proxy fight with McDonald’s over animal welfare
Carl Icahn speaking at Delivering Alpha in New York on Sept. 13, 2016. David A. Grogan | CNBC Activist investor Carl Icahn lost his proxy fight with McDonald’s on Thursday, signaling that shareholders weren’t swayed by his animal-welfare concerns. Preliminary counts of votes during the company’s annual shareholder meeting showed that Icahn’s board nominees only […]
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McDonald’s shareholders to vote on proxy fight with Carl Icahn over animal welfare practices
Signage outside a McDonald’s Corp. fast food restaurant in Louisville, Kentucky, U.S., on Friday, Oct. 22, 2021. Luke Sharrett | Bloomberg | Getty Images McDonald’s shareholders meeting on Thursday morning will mark the climax of a proxy fight waged by activist investor Carl Icahn, who is pushing for two seats on the fast-food giant’s board […]
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Wendy’s shares surge as Trian, its largest shareholder, explores potential deal
A drive-thru window of a Wendy’s restaurant in Peoria, Illinois. Daniel Acker | Bloomberg | Getty Images Shares of Wendy’s surged roughly 15% in extended trading Tuesday after a filing revealed hedge fund Trian Partners, its largest shareholder, is exploring a potential deal with the company. Trian, along with its partners, owns a 19.4% stake […]
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Here’s why major cities may still be worth their high cost of living
Many renters believe that a cost-of-living crisis is brewing in America’s major cities. New York City is showing up as a hotspot of rent inflation. The average rent for 1-bedroom apartments in Manhattan rose to $3,995 a month in May 2022 — a 41% increase from one year ago, according to Zumper. Sudden, double-digit rent […]
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DoorDash can jump 32% given its market leadership in food delivery, Bernstein says
DoorDash is a top pick among U.S. emerging internet companies given its leadership in the on-demand delivery space, according to Bernstein. Analyst Nikhil Devnani in a Monday note initiated coverage of DoorDash with an outperform rating and a price target of $90 per share. That represents more than 32% upside from where shares closed on […]
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After seeing Hawaii’s beaches littered with plastic, this islander built a company to make straws from seaweed
At Sunday Motor Co. Café in Madison, New Jersey, customers are sampling the latest in biodegradable non-plastic utensils. Specifically, straws made of seaweed. The dispenser says, “Designed to Disappear,” which is exactly what the co-founder of sustainable start-up Loliware envisioned. Chelsea Briganti, who goes by “Sea,” was born and raised in Hawaii, where, as a […]
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Starbucks will exit Russia after 15 years, closing 130 licensed cafes
A woman drinks coffee in a Starbucks in a mall in Khimki outside Moscow. Alexander Natruskin | Russia After 15 years operating in Russia, Starbucks will exit the market, joining companies like McDonald’s, Exxon Mobil and British American Tobacco in withdrawing from the country completely. The coffee giant announced Monday that it will no longer […]
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