McDonald’s shareholders vote on Carl Icahn proxy fight over animal welfare

Signage outside a McDonald’s Corp. fast food restaurant in Louisville, Kentucky, US, 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 … Read more

Restaurant traffic weakened in April, but there are some safe havens for investors

Restaurants suffered a slight softening of traffic in April, according to new data, as Americans contended with soaring inflation and talk of a potential recession over the next year. Restaurant meal prices were up 9% in April compared to pre-pandemic levels in 2019, according to a report from the NPD group, which conducts market research … Read more

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 … Read more

DoorDash can jump 32% given its market leadership in food delivery, Bernstein says

DoorDash is a top pick among US 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 … Read more

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 … Read more

McDonald’s to sell Russian business to existing Siberian licensee

The Kremlin’s towers and passers-by are seen reflected in the window of a closed McDonald’s restaurant in Moscow on May 16, 2022. Natalia Kolesnikova | AFP | Getty Images McDonald’s said Thursday it has struck a deal to sell its Russian business to its current licensee in the market, Alexander Govor. Govor will acquire all … Read more

Home Depot (HD) Q1 2022 earnings

A Home Depot store in Livermore, California, US, on Thursday, May 12, 2022. Home Depot Inc. is scheduled to release earnings figures on May 17. Photographer: David Paul Morris | Bloomberg | Getty Images Home Depot is set to report first-quarter earnings before the bell Tuesday. Here’s what Wall Street analysts surveyed by Refinitiv are … Read more

McDonald’s to sell Russia business after pausing operations due to Ukraine war

A view shows a McDonald’s restaurant in Saint Petersburg, Russia March 8, 2022. Anton Vaganov | Reuters McDonald’s said Monday that it will sell its business in Russia, a little more than two months after it paused operations in the country due to its invasion of Ukraine. “The humanitarian crisis caused by the war in … Read more

Starbucks to cover employees’ travel expenses for abortions, gender-affirming surgeries

Starbucks coffee shop logo seen at one of their stores. Stephen Zenner | LightRocket | Getty Images Starbucks said Monday it will start covering eligible travel expenses for employees seeking abortions or gender-affirming procedures. The coffee chain joins Amazon, Apple, Microsoft and Salesforce in offering to reimburse workers for travel costs related to abortions following … Read more

Plant-based food stocks Beyond Meat, Oatly face a reset

In this photo illustration Oatly oat milk is shown on May 20, 2021 in Chicago, Illinois. Scott Olson | Getty Images Wall Street appears to be souring on plant-based substitutes. Shares of Beyond Meat and Oatly have shed more than half their value this year. The stocks are both high-profile and relative recent entrants to … Read more