Olive Garden just signaled an ominous threat to the restaurant industry
Tony Malloy/Flickr The restaurant industry needs some bloodletting, according to the CEO of a major restaurant chain. The CEO of Darden Restaurants, the owner of chains such as Olive Garden and Longhorn Steakhouse, said in the company's quarterly earnings call on Tuesday that the restaurant industry needs to see some changes in order to become healthy again. Currently, traffic for restaurants overall is falling for a few reasons, including the relative cost of buying ..>> view originalIMF warns of hit to UK economic growth
Image copyright Getty Images The International Monetary Fund has cut its forecast for UK economic growth next year as it warned that the global recovery remains "weak and precarious".Although the IMF raised its prediction for UK GDP growth this year to 1.8%, the figure for 2017 was cut to 1.1%.Its assumptions are based on "smooth post-Brexit negotiations and a limited increase in economic barriers".The IMF's latest World Economic Outlook predicts "subpar" global growth this year of 3.1%, ri..>> view originalOlé! Food deals, promotions abound for National Taco Day
The two-pound Taco Gigante and regular taco at Margaritas Mexican Restaurant(Photo: Anthony Tieuli)It's probably not exactly circled on your calendar, but Tuesday is National Taco Day.It's an excuse for Mexican food purveyors to either offer cool discounts or come up with another promotion in hopes to catching the attention of hungry diners with myriad options.Some chains are opting for giveaways or deals for the day. Others, like giants Taco Bell and Qdoba, are going a different route, using it..>> view originalStocks bounce around as Brexit fears reemerge
The British pound hit a 31-year low against the dollar, sending European stocks higher. Video provided by TheStreet NewslookIn this Monday, Sept. 26, 2016, file photo, traders Kevin Lodewick, left, and Richard Cohen work on the floor of the New York Stock Exchange. (AP Photo/Richard Drew, File)(Photo: Richard Drew, AP)U.S. stocks bounced around and were trading mixed Tuesday and the British pound sank to its lowest level versus the dollar since 1985 as Britain moves closer to setting i..>> view originalHoliday sales expected to be up 3.6 percent
FILE - In this Saturday, Nov. 28, 2015, file photo, a shopper carries a bag as she walks out of a Guess store at Dolphin Mall, in Miami. Americans are expected to spend at a faster clip during the 2016 holiday season compared to the previous year, helped by an economy that will only continue to pick up, according to the nation’s largest retail industry trade group. (AP Photo/Alan Diaz, File) The Associated Press By ANNE D'INNOCENZIO, AP Retail Writer NEW YORK (AP) — Americans are expect..>> view originalDelta Air Lines September Traffic, Capacity Rise; PRASM Down 3% - Quick Facts
Shutterstock photo (RTTNews.com) - Delta Air Lines Inc. (DAL, DALRQ.PK) reported that its traffic for the month of September 2016 rose 1.4 percent on a capacity increase of 1.8 percent. Total system traffic for September rose 1.4 percent to 17.60 billion revenue passenger miles or RPMs from 17.36 billion RPMs in the same period last year. Total system capacity increased 1.8 percent from the year-ago period to 20.80 billion available seat miles or ASMs. Total system load factor was 84.6 p..>> view originalAmazon bans reviews based on free or discounted products
reader comments 70 Amazon is cracking down on inaccurate product reviews by banning any that were "incentivised," except—that is—for those that come from its own Amazon Vine program. Until now, Amazon allowed businesses to offer products to customers in exchange for a review, provided the affiliation was disclosed in the text. It's common to see something like "I received this product for free or at a discount in exchange for my honest, unbiased review" while browsing the site. Unfortunat..>> view originalAbout 2.5 million people missing out on Obamacare tax credits
HHS Secretary Sylvia Mathews Burwell testifies during a Senate Finance Committee hearing on Capitol Hill last year.(Photo: Mark Wilson, Getty Images)About 2.5 million people are missing out on tax credits to lower the cost of their insurance, because they are buying health insurance plans off the federal and state health care exchanges, federal regulators said Tuesday.Those earning between 100 and 400% of the federal poverty level — up to $100,000 for a family of four — are eligible for tax cre..>> view originalThe stark differences between the Trump and Clinton tax plans and how they address 'loopholes'
Donald Trump's struggles in the New Jersey casino business predated his reported $916 million loss claimed on his 1995 tax returns. (Jewel Samad/AFP/Getty Images) Both candidates for president have promised to scale back the federal tax code's vast number of “loopholes.” On his website, Donald Trump promises to “eliminate special interest loopholes, make our business tax rate more competitive to keep jobs in America, create new opportunities and revitalize our economy.” On her site, Hillary ..>> view originalMore Than 10% Of The FORBES 400 Are Immigrants, 14 Of Whom Are Richer Than Trump
Sunday, October 9, 2016
Olive Garden just signaled an ominous threat to the restaurant industry and other top stories.
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