Top Finance News

Stockholders/shareholders from both companies voted in favor of the $2 billion merger.

The company announced slowing sales expectations for its third quarter, which officially ends September 30.

The company lost $1.9 million in the second quarter compared to $27 million during the same time last year.

Using RTIconnect, Hart Restaurant Management was able to reduce food costs by about 2 percent.

Global comparable sales increased 8.5 percent in August, while systemwide sales for McDonald’s worldwide restaurants rose 14.1 percent.

Th $40-million deal marks the first transaction between GE Capital and Milestone Partners.

The court has granted approval of all first day motions, including to pay employees and vendors and
maintain all customer programs.

The company is acquiring API Recycling, a division of American Proteins Inc., which operates three grease recycling facilities in Georgia.

The five keynote speakers will be: Ferdinand Metz, Steve Zipkoff, Dick Rivera, Michael Oshman, and George McKerrow.

Between 2006 and 2007 the checks written to CEOs in every industry super-sized. The median compensation for leaders of S&P 500 companies rose 23.57 percent, according to a study by The Corporate Library, a corporate data research firm. But now, as the cost of everything from beef to buns continues to rise while consumers hold […]

TurboChef experienced a decrease in revenue of 8 percent in the second quarter ending June 30, from the year before.

Debbie Fields says she hopes “the proposed reorganization will place the company in the hands of owners who believe, as I do, in the power of quality products and quality people.”

The company approved an increase to $775 million in the amount of common stock that may be repurchased before the end of next year.

The company sites rising commodities prices as the source of its decline in EBITDA.

Jackson Lum will remain CEO of Logic Controls.

The company experienced a 6.7 percent comparable U.S. sales increase in July.

For the first quarter of its 2009 fiscal year, income from stores open at least one year fell from $1.4 million to $1.3 million.

The Group reported a revenue growth of 4.3 percent and a net income of $6.9 million.

Sales increased 4.6 percent to $291.3 million for Company-owned restaurants and franchise revenues increased 4.4 percent to $42.9 million.

“Other Sales” increased 68 percent compared to the second quarter of 2007, and comparable coffeehouse net sales decreased 1.7 percent.

Businesses in the counties of Bristol, Middlesex, Norfolk, Plymouth, Suffolk, and Worcester in Massachusetts and Providence County in Rhode Island are eligible.

The index fell to 82.2, its lowest point since 2002, when it started at 100 points.

The company reached its 17 consecutive quarter of growth and plans to open 14 bakeries next quarter.

Starbucks will close 61 of its 84 Australian units and has restructured five corporate positions.

The company credits its recent integration of coffee roasting, thermal processing, and packaging operations for its success.

Dispensed beverage locations top 8,800 for second quarter.

The company intends to continue working with BTMU Capital Corporation to formalize the restructuring by the end of the forbearance period on August 8, 2008.

The company acquired 72 Burger King restaurants in Iowa and Nebraska from franchisee Simmonds Restaurant Management.