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Apr 21, 2015

Yum CEO says China business mending, sees strong year-end finish

By Lisa Baertlein

(Reuters) – Yum Brands Inc (YUM.N: Quote, Profile, Research, Stock Buzz), owner of KFC and Pizza Hut chains, on Tuesday said business in its biggest market China is recovering from a meat scare at one of its minor suppliers and that the division would finish the year strong.

Yum’s comments on China, its No. 1 market for revenue and profit, sent company shares up 4.3 percent to $84.34 in extended trading.

Apr 15, 2015

McDonald’s relations with franchisees hit new low: survey

LOS ANGELES (Reuters) – McDonald’s Corp’s (MCD.N: Quote, Profile, Research, Stock Buzz) relations with its U.S. franchisees have hit a fresh low as the fast-food giant’s new chief executive fights to turn around its domestic business amid fierce competition, according to a survey released Wednesday.

Relations “are the worst I have ever seen!” said one of the 32 franchisees participating in the monthly survey, published by Janney Capital Markets restaurant analyst Mark Kalinowski.

Apr 15, 2015

Insight – Union spends big on low-wage campaign, endgame unclear

By Nathan Layne and Lisa Baertlein

(Reuters) – Tens of millions of dollars and counting. That’s how much the Service Employees International Union (SEIU) has spent so far on a three-year campaign to improve the plight of low-wage retail and fast-food workers, an analysis of public filings shows.

    The money, which has gone to labour groups, lawyers and others involved in the effort, has provided financial firepower for a movement that has made surprising progress in its push for lifting wages, successfully making the issue part of the public conversation.

Apr 15, 2015

Union spends big on low-wage campaign, endgame unclear

April 15 (Reuters) – Tens of millions of dollars and
counting. That’s how much the Service Employees International
Union (SEIU) has spent so far on a three-year campaign to
improve the plight of low-wage retail and fast-food workers, an
analysis of public filings shows.

The money, which has gone to labor groups, lawyers and
others involved in the effort, has provided financial firepower
for a movement that has made surprising progress in its push for
lifting wages, successfully making the issue part of the public
conversation.

Apr 10, 2015

Insight – Mom sneaks kids to Mickey D’s amid fast-food backlash, won’t tell Dad

LOS ANGELES (Reuters) – Carolin Wood, an artist and graduate student from Brooklyn’s trendy Greenpoint neighbourhood, has a secret that she keeps from her husband and some foodie friends. Once a month, she takes her two young children to McDonald’s for inexpensive breakfasts or ice cream.

“We call it our ‘sneaky meal’ because my husband thinks it’s absolutely disgusting,” said Wood, 35. “He doesn’t want to know anything about it.”

Apr 10, 2015

Mom sneaks kids to Mickey D’s amid fast-food backlash, won’t tell Dad

LOS ANGELES (Reuters) – Carolin Wood, an artist and graduate student from Brooklyn’s trendy Greenpoint neighborhood, has a secret that she keeps from her husband and some foodie friends. Once a month, she takes her two young children to McDonald’s for inexpensive breakfasts or ice cream.

“We call it our ‘sneaky meal’ because my husband thinks it’s absolutely disgusting,” said Wood, 35. “He doesn’t want to know anything about it.”

Apr 10, 2015

Mom sneaks kids to Mickey D’s amid fast-food backlash, won’t tell Dad

LOS ANGELES, April 10 (Reuters) – Carolin Wood, an artist
and graduate student from Brooklyn’s trendy Greenpoint
neighborhood, has a secret that she keeps from her husband and
some foodie friends. Once a month, she takes her two young
children to McDonald’s for inexpensive breakfasts or ice cream.

“We call it our ‘sneaky meal’ because my husband thinks it’s
absolutely disgusting,” said Wood, 35. “He doesn’t want to know
anything about it.”

Apr 6, 2015

Starbucks expands college tuition benefit for workers

April 6 (Reuters) – Starbucks Corp is expanding its
employee college tuition assistance program to cover the entire
cost of getting an online bachelor’s degree, the chief executive
of the coffee chain said on Monday.

The Seattle-based company, known for offering benefits such
as healthcare and stock options, launched the “Starbucks College
Achievement Plan” with Arizona State University in June 2014. It
previously limited the program to juniors and seniors seeking to
complete their degrees.

Apr 2, 2015

McDonald’s raising average worker wage to about $10 an hour

LOS ANGELES (Reuters) – McDonald’s Corp (MCD.N: Quote, Profile, Research, Stock Buzz) plans to raise the average pay of about 90,000 U.S. workers to around $10 an hour, but the increase will not benefit workers at the vast majority of the restaurants, because they are operated by franchisees, who make their own wage decisions.

Workers groups said the move by McDonald’s, which is also adding benefits such as paid vacations, fell short of their goals. They planned a nationwide protest for Thursday. Wal-Mart Stores Inc (WMT.N: Quote, Profile, Research, Stock Buzz) and other retailers have introduced entry-level wage hikes in response to frequent worker protests calling for higher pay and better conditions.

Apr 1, 2015

McDonald’s Corp raising average worker wage to around $10

LOS ANGELES, April 1 (Reuters) – McDonald’s Corp
plans to raise the average pay of roughly 90,000 U.S. restaurant
workers to around $10 and to tack on benefits such as paid
vacations, the fast-food giant said on Wednesday.

The move from McDonald’s follows entry-level wage hikes by
Wal-Mart Stores Inc and other retailers and comes amid
frequent fast-food and retail worker protests calling for higher
pay and better working conditions.

    • About Lisa

      "Lisa writes about restaurants and grocery stores. She is based in Los Angeles and previously has covered computer software, Internet companies, video games, prescription drugs and municipal bonds."
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