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BUSINESS

McDonald's CEO Confronts a Supersized Challenge

Business, Heather Haddon, Published on 17/01/2022

» McDonald's Corp. chief executive Chris Kempczinski is starting the year at the helm of one of the world's most recognizable restaurant brands battling the latest coronavirus variant, rising inflation and workforce shortages.

BUSINESS

Stimulus will keep flowing -- Fed chief

Business, Heather Scott, Published on 16/07/2021

» Washington: Even as US inflation has hit the highest rate in over a decade, the central bank is sticking to its guns, and will continue to provide stimulus until the economy has fully recovered, Federal Reserve chair Jerome Powell said on Wednesday.

BUSINESS

For Startup Leaders, SPACs Have Lost Their Allure

Business, Heather Somerville, Published on 25/05/2021

» Startup chief executives are turning a cold shoulder to SPACs.

BUSINESS

Dunkin' to Be Sold to Inspire Brands for $8.8 Billion

Business, Heather Haddon, Published on 02/11/2020

» Inspire Brands Inc. will buy Dunkin' Brands Group Inc. for $8.8 billion, the companies said, setting up one of the largest restaurant deals in years as some in the industry think beyond the coronavirus pandemic.

BUSINESS

Retailers and Restaurants Hit in Protests, Adding to Coronavirus Damage

Business, Sarah Nassauer & Heather Haddon, Published on 02/06/2020

» Many retailers and restaurants, already crippled by the coronavirus pandemic, are grappling with damage to their properties and new closures following protests sparked by the death of George Floyd that have sometimes turned violent.

BUSINESS

Big Restaurant, Hotel Chains Won Exemption to Get Small Business Loans

Business, Bob Davis & Heather Haddon, Published on 08/04/2020

» Shake Shack Inc. hardly seems like a small enterprise, with 7,600 employees, about $500 million in annual revenue and net income last year of $24 million. Even so, it plans to apply for a new government-guaranteed small-business loan.

BUSINESS

Fed ramps up cash injections

Business, Heather Scott, Published on 14/03/2020

» The Federal Reserve on Thursday massively increased its efforts to keep the economy on track and quell the growing uncertainty caused by the coronavirus pandemic, injecting $1.5 trillion of cash into markets this week.