Russia said on Thursday it was investigating dozens of McDonald's (MCD.N) restaurants, in what many businessmen said was retaliation for Western sanctions over Ukraine they fear could spread to other symbols of Western capitalism.
Hospitality/Food
Australia clears Expedia's $610 million Wotif.com takeover
Australia's antitrust regulator on Thursday cleared online travel giant Expedia Inc to buy local rival Wotif.com Holdings Ltd, saying it did not expect the A$699 million ($610 million) deal to substantially lessen competition.
Global spa, wellness industry estimated at $3.4 trillion: report
A growing middle class and consumers' evolving attitudes toward health and travel have fueled a global spa and wellness industry worth an estimated $3.4 trillion in 2013, according to a report released on Tuesday.
Brookfield bids for Atlantic City's Revel Casino
An affiliate of Brookfield Asset Management (BAMa.TO) (BAM.N) has topped Florida real estate developer Glenn Straub's $90 million bid for the bankrupt Revel Casino Hotel in Atlantic City, the Wall Street Journal reported, citing sources.
Hyatt Hotels to sell 38 hotels as franchises for about $590 million
Hyatt Hotels Corp (H.N) said it will sell as franchises 38 select service hotels to a company organized by Lone Star Funds for about $590 million.
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U.S. foodmaker H.J. Heinz Co said on Tuesday it will tighten controls over ingredients suppliers in China after it was forced to recall some infant food products from Chinese store shelves due to excess levels of lead.
McDonald's burgers and shakes may become the latest victims of worsening ties between Moscow and Washington after a Russian consumer watchdog agency accused the U.S. chain of sanitary violations.
Just because a chicken is labeled "organic" does not mean that the bird on your plate lived a bucolic farm life before you cooked it.
The cost to produce a BLT, America's favorite summer sandwich, hit a record high of $1.65 in May and will continue to take a bigger bite out of wallets in the coming months, given a pig virus that has ramped up bacon prices and drought-stricken salad crops in California.
Dr Kiprono Kittony, the chairman of the Nigeria-Kenya Chamber of Commerce, announced in a meeting in Abuja Monday that 7 of the 46 newly discovered oil fields will be granted to Nigerian business men.
Mining tycoon Andrew Forrest acquired Perth, Western Australia-based beef processor and exporter Harvey Beef for an undisclosed amount through his company Minderoo, and announced expansion plans for the newly-acquired firm.
New York City, US-based online food ordering and delivery site Delivery.com launched in Hong Kong to take advantage of the lucrative food market and the busy corporate environment of the Asian country.
San Francisco, US-based food delivery startup Caviar bagged a total of $15 million in its seed and Series A funding led by Winklevoss Capital and Tiger Global to expand into new cities.
Melbourne, Australia-based payments startup Aston Club took home $1.5 million in its seed funding round led by Chris Morris of Computershare to launch a mobile app that helps users pay their bar and restaurant bills.
