Latest Fast food restaurant operators News

FILE - In this May 18, 2020 file photo, customers dine inside at the Hot Spot Diner in Wiscasset, Maine.  Governor Janet Mills is now allowing restaurants in 12 of the state's 16 counties to have dine-in customers. As of this week, 32 states have allowed dining rooms to open at least partially. And restaurant executives say customers are curious and eager to eat out.(AP Photo/Robert F. Bukaty, File)

Restaurant chains see sales improving as dining rooms reopen

May. 21, 2020 10:46 AM EDT

Fast food restaurants — well equipped for drive-thru and takeout service — have fared better than sit-down restaurants as the coronavirus pandemic gripped the U.S., but that gap could start to close as dining rooms reopen. U.S. customer transactions at full-service restaurant chains like Olive...

FILE - In this Wednesday, May 6, 2020 file photo, passersby walk past an empty restaurant in Providence, R.I. While some states like Georgia and Texas have recently taken tentative steps to permit restaurants, shops and other businesses to reopen, the sector remains in deep crisis. Of the more than 21.4 million jobs lost since the pandemic struck the U.S. in March, 28% of them are in the restaurant and bar industry and another 10% are in retail.  (AP Photo/Steven Senne)

April job losses fall hard on restaurants, retailers

May. 14, 2020 10:30 AM EDT

NEW YORK (AP) — Who remembers their last meal at a sit-down restaurant? Better yet: who knows when their next one will be? That's the question bedeviling not just diners but Wall Street, where analysts and investors have seen investments in publicly traded restaurant chains like Olive Garden, Denny's and...

A client gives a banknote to pay a fishmonger wears a face shield as she works at a Paris open air food market, Tuesday, May 12, 2020. Outdoor food markets reopened in Paris on Tuesday as France is cautiously easing the two-month lockdown across the country. Specific measures, such as more widely spaced stalls, have been implemented to enforce physical distancing. (AP Photo/Nicolas Garriga)

Pants, bras are out, PJs in; travel industry layoffs begin

May. 12, 2020 1:12 PM EDT

The outbreak of the coronavirus has dealt a shock to the global economy with unprecedented speed. Following are developments Tuesday related to national and global response, the work place and the spread of the virus. ________________________ TRAVEL & LODGING: Hotels, rental cars, cruises, flights, anything...

FILE - In this April 20, 2020 file photo, a new sign lets drive-thru customers know that the available menu at a local McDonalds is no longer complete due to the ongoing coronavirus restrictions in Phoenix. Most McDonald’s restaurants in the U.S. and China are now open for drive-thru and delivery, but global lockdown orders still took a bite out of the company’s first-quarter sales. McDonald’s said Thursday, April 30,  its sales fell 6% to $4.71 billion in the January-March period. (AP Photo/Ross D. Franklin, File)

McDonald's says 25% of stores closed as 1Q sales fall

Apr. 30, 2020 10:33 AM EDT

McDonald's says it has likely reached the trough of global restaurant closures due to COVID-19, with 25% still shuttered. But business has been slow to return as lockdown orders continue to disrupt consumers' routines. McDonald’s said Thursday its sales fell 6% to $4.71 billion in the January-March period....

FILE - In this April 21, 2020, file photo, people protest what they say is a lack of personal protective equipment for employees as they close down the drive-thru at a McDonald's restaurant in Oakland, Calif. Across the country, the new, unexpected front-line workers of the pandemic — from grocery store and fast food workers to Instacart shoppers and Uber drivers — are taking action to protect themselves. (AP Photo/Ben Margot, File)

Pandemic job actions offer hope for renewed labor movement

Apr. 29, 2020 5:20 AM EDT

Jordan Flowers never thought he would become a labor leader. Then the coronavirus forced him to risk his life every time he clocked in. The robotics operator at Amazon’s Staten Island warehouse helped lead one of the first walkouts at the site — a protest over the company's lack of protective...

Snap, Chipotle rise; Netflix, United Airlines fall

Apr. 22, 2020 4:28 PM EDT

NEW YORK (AP) — Stocks that moved heavily or traded substantially on Wednesday: Netflix Inc., down $12.41 to $421.42. The streaming entertainment service warned investors that its subscriber growth could slow after lockdowns are lifted. Snap Inc., up $4.57 to $17.01. The social media and camera app...

A Chipotle Mexican Grill restaurant is seen at the Simi Valley Town Center, Tuesday, April 21, 2020, in Simi Valley, Calif. Federal prosecutors say Chipotle Mexican Grill has agreed to pay a record $25 million fine to resolve criminal charges that it served tainted food that sickened more than 1,100 people in the U.S. from 2015 to 2018. The fast food company was charged Tuesday in Los Angeles federal court with two counts of violating the Food, Drug, and Cosmetic Act by serving adulterated food. The charges stem from outbreaks of norovirus, which causes diarrhea, at Chipotle restaurants. The virus is easily transmitted by infected food food workers. The Newport Beach, California-based company will avoid conviction by improving its food safety. (AP Photo/Mark J. Terrill)

Chipotle agrees to record $25 million fine over tainted food

Apr. 21, 2020 7:20 PM EDT

LOS ANGELES (AP) — Chipotle Mexican Grill Inc. agreed Tuesday to pay a record $25 million fine to resolve criminal charges that it served tainted food that sickened more than 1,100 people in the U.S. in outbreaks from 2015 to 2018 and sent sales plunging. The fast food company was charged in Los Angeles...

FILE - In this March 16, 2020, file photo, a bread delivery is made to a Shake Shack restaurant in the Brooklyn borough of New York. The burger chain Shake Shack says it will return a small-business loan it got to help weather the coronavirus crisis after topping up its funding. (AP Photo/John Minchillo, File)

Gov't relief loans to restaurant chains draw complaints

Apr. 20, 2020 9:18 PM EDT

Some big restaurant chains have obtained loans from the government under a small-business relief program, leading business groups to call for changes to the program before Congress provides it with new funding. The Paycheck Protection Program exhausted its $350 billion in funding last week and many small...

The Latest: China reports 46 new virus cases, 10 domestic

Apr. 14, 2020 11:02 PM EDT

The Latest on the coronavirus pandemic. The new coronavirus causes mild or moderate symptoms for most people. For some, especially older adults and people with existing health problems, it can cause more severe illness or death. TOP OF THE HOUR: —Trump halts US payments to World Health Organization....

FILE - In this Thursday, April 2, 2020 file photo, Jovita Carranza, administrator of the Small Business Administration, speaks about the coronavirus in the James Brady Press Briefing Room of the White House n Washington, as Vice President Mike Pence, President Donald Trump listen. Millions of small businesses are expected to apply for a desperately needed rescue loan Friday, a stern test for a banking industry that has had less than a week to prepare for the deluge. Small businesses will be seeking loans from the $349 billion Paycheck Protection Program, which was put in place to help them retain workers and pay bills during the coronavirus pandemic. (AP Photo/Alex Brandon, File)

Small business relief program launches, hits snags

Apr. 3, 2020 6:35 PM EDT

NEW YORK (AP) — The federal government’s $349 billion relief program for small businesses got off to a rocky start Friday as hundreds of thousands tried to apply for desperately needed loans. Many small business owners ran into bureaucratic or technological road blocks. Some even discovered their...