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KFC, Pizza Hut Feel Pinch From Consumers' Tightening Restaurant Budgets
Yum Brands, the parent company of the chains, reported a 3% quarterly decline in global same-store sales, hurt by a slowdown in the Middle East.The Wall Street Journal - World -
KFC, Pizza Hut Feel Consumers' Tightening Restaurant Budgets
Yum Brands, the parent company of the chains, reported a 3% quarterly decline in global same-store sales, becoming the latest restaurant operator to report lower-than-expected sales.The Wall Street Journal - World -
Restaurant Winners Have a Common Trait: Keeping a Lid on Prices
Restaurant chains outperforming their competitors seem to have one thing in common: keeping prices down.The Wall Street Journal - World -
Restaurant Winners Have a Common Trait: Keeping a Lid on Prices
Restaurant chains outperforming their competitors seem to have one thing in common: keeping prices down.The Wall Street Journal - Business -
Zambia’s women could be barred from football at Olympics after Fifa steps in
Fifa has concerns over running of Zambia’s football associationLetter warns that there may be ‘grounds for the suspension’Zambia’s women could miss out on playing at this summer’s Olympics after Fifa threatened the country’s football association ...The Guardian - World -
Corn to Power Airplanes? Biden Administration Sets a High Bar.
Producers of biofuels like ethanol, which could help create a new generation of jet fuel, would have to overhaul their practices to receive tax credits.The New York Times - Top stories - Joe Biden -
House Democrats vow to protect Republican Speaker from his own party
Hard-right congresswoman pushes for his removal after he secured more US aid for UkraineFinancial Times - Business -
Ex-Pioneer CEO Barred From Exxon Board for Megadeal to Close
Antitrust enforcers are set to allege former Pioneer CEO Scott Sheffield discussed coordinating oil-production levels with other producers and OPEC.The Wall Street Journal - World -
Ex-Pioneer boss to be barred from ExxonMobil’s board by US regulator
FTC expected to raise concerns over Scott Sheffield’s messages with Opec as it moves to approve $60bn dealFinancial Times - Business -
Long-predicted consumer pullback finally hits restaurants like Starbucks, KFC and McDonald's
Starbucks, Pizza Hut and KFC are among the chains that reported same-store sales declines this quarter.CNBC - Business -
Long-predicted consumer pullback finally hits restaurants like Starbucks, KFC and McDonald's
It’s finally here: the long-predicted consumer pullback.NBC News - Top stories -
GOP wants research group barred from federal funding over COVID work with Wuhan
A key House committee investigating the origins of COVID-19 wants a scientific research group to be barred from receiving federal funds and criminally investigated over its president’s work with a lab in Wuhan, China. A GOP staff report released ...The Hill - Politics - Covid -
Exxon to Close Megadeal; Pioneer Ex-CEO to Be Barred from Exxon Board in Deal With FTC
Antitrust enforcers are set to allege former Pioneer CEO Scott Sheffield discussed coordinating oil-production levels with other producers and OPEC.The Wall Street Journal - Business