Lisa Baertlein

Holiday shoppers picking cash over credit: survey

LOS ANGELES (Reuters) - Fewer U.S. shoppers plan to use credit cards to buy gifts this holiday season and the majority of them have yet to complete their gift buying, according to a new survey from the world's largest retail...

Food banks see more need, fewer donations (Reuters)

By Rebekah Kebede Rebekah Kebede – 22 mins ago NEW YORK (Reuters) – Jennifer Bingham earned $7.50 an hour packing boxes for a jewelry company, but after a short illness she was fired and had to seek help at a food pantry and...

UPDATE 1-Yum Brands cuts jobs as it sells owned restaurants

LOS ANGELES, Nov 12 (Reuters) - Yum Brands Inc (YUM.N: ) will cut "several hundred" jobs as it sells company-owned KFC and Pizza Hut restaurants to franchisees and restructures its U.S. business, a spokesman for the fast-food...

Intel's shock warning sounds alarm for tech sector (Reuters)

Reuters - Chip giant Intel Corp cut its fourth-quarter revenue forecast by about 14 percent citing weak demand across the world and in all its products, indicating the economic crisis is set to hurt computer sales in the...

UPDATE 2-Starbucks profit, outlook disappoint, shares fall

posted lower quarterly profit on Monday on weakness in its U.S. business and began booking charges related to closing 600 domestic stores. The Seattle-based coffee chain reported fiscal fourth- quarter net income of $5.4...

UPDATE 2-McDonald's Oct sales beat Street; dollar weighs

LOS ANGELES, Nov 10 (Reuters) - McDonald's Corp on Monday said global sales at its fast-food restaurants open at least 13 months rose 8.2 percent in October, topping analysts' targets and sending its shares up more than 2...

CHRONOLOGY-Key dates for Circuit City in 2006-2008

Nov 10 (Reuters) - Circuit City Stores filed for Chapter 11 bankruptcy on Monday, citing tougher credit terms from vendors and market share losses to rivals such as Best Buy Co and Wal-Mart Stores Inc. Here are some key dates...

Analysts see McDonald's Dollar Menu changes ahead

LOS ANGELES (Reuters) - McDonald's Corp will likely raise the price of its flagship Dollar Menu item, the Double Cheeseburger, and replace it with a new double hamburger with one slice of cheese, analysts said.

UPDATE 2-Starbucks CFO leaves for Hewlett-Packard

By Lisa Baertlein LOS ANGELES, Nov 6 (Reuters) - Starbucks Corp said on Thursday that Chief Financial Officer Pete Bocian will leave the coffee chain at the end of the month to join computer maker Hewlett-Packard Co as chief...

CORRECTED-UPDATE 2-Wendy's/Arby's cos post losses

By Jessica Wohl CHICAGO, Nov 6 (Reuters) - Wendy's/Arby's Group Inc posted quarterly losses for each of its former companies on Thursday, but its shares soared as one of its largest shareholders planned to increase its stake in...

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