Tyson, Hillshire reach deal with Justice Dept. on takeover
Tyson Foods Inc. needs to divest its Heinold Hog Markets sow buying business in order to proceed with its $8.5 billion acquisition of Hillshire Brands Co., the Department of Justice...
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McDonald’s Asia exec gets 10.7% pay bump
McDonald's Corp. said on Wednesday that it gave a nearly 11 percent raise to David Hoffmann, the president of its division that includes Asia, the Middle East and Africa. The...
Jim Beam maker names new CFO
Beam Suntory Inc. on Tuesday said that Mauricio Restrepo, an executive with a dozen years in the alcoholic drinks industry, is set to join the company as its chief financial...
McDonald’s losing connection with millennials?
McDonald's Corp. appears to be losing its connection with millennials, according to a published report. Data compiled by Technomic Inc., a Chicago restaurant consultancy, for the Wall Street Journal showed...
GrubHub files for another stock offering
GrubHub Inc. said on Monday that the company and some of its biggest shareholders, including its CEO, plan to sell off some of their shares just months after the company...
Blackstone looking to sell Downers Grove-based Burger King operator
The majority owner of the second-largest Burger King franchisee, Heartland Food Corp., is looking to sell the Downers Grove-based restaurant operator, a source confirmed on Friday. Blackstone Group LP is...
Justice Department seeks more info on Tyson, Hillshire deal
Tyson Foods Inc. and Hillshire Brands Co. said that they have received requests for additional information from the U.S. Department of Justice regarding Tyson's plan to buy Hillshire. The so-called...
Restaurant visits seen stalling again this year
The U.S. restaurant industry should see another year of stalling customer growth this year after seeing flat traffic in the year ended in June, research firm NPD Group said on...
Kellogg pushes greener goals
More than 100 years ago, W.K. Kellogg used recycled materials to package his first box of cereal. Now, Kellogg Co. is taking fresh steps to improve the effect its production...
Morgan Stanley sells off entire Potbelly stake: filing
Morgan Stanley's investment management arm appears to have sold all of its shares of Potbelly Corp., according to a filing with U.S. regulators on Friday.At the end of March, Morgan...