|
|
 |
 |
|
|
|
The Wall Street Journal says General Electric is looking to sell off its appliances business (which started in 1907); it’s estimated GE could get between $5 and $8 billion for the unit.
Steak n Shake reported a same-store decline of 6.3% for its fiscal second quarter, but that was actually an improvement over the prior quarter when comps had fallen by 9.5%.
Taco Bell is fighting back against other chains’ dollar menus with new items priced between 79 cents and 99 cents.
However, saying it’s never been one to follow “the fast-food herd mentality,” Hardee’s charged the others chains are “hopping on the value bandwagon and...promoting their smallest and lowest-quality menu items;” instead it is introducing its most decadent burger yet, the Prime Rib Thickburger priced at $4.49.
Although Continental Airlines rebuffed United’s attempt at a merger, the Chicago Sun-Times reports the two airlines are talking about an alliance that would give them some of the benefits of a merger without actually merging. United is still talking to US Airways about a possible merger but would not do both deals.
Same-store sales at Jack in the Box restaurants decreased 0.1% in the second quarter, compared with a year-ago increase of 6.4 %.
Same-store sales at Qdoba Mexican Grill grew 2.4% in the second quarter, compared to a year-ago increase of 3.5%.
J.C. Penney profit fell in its first fiscal quarter but by less than had been feared. It made $120 million in the quarter this year compared to $238 million a year ago. Sales had been reported earlier as down 5.1%.
California supermarket chain Stater Brothers reported a 3.7% same-store increase in its latest quarter.
Advertising Age reports Burger King is running a campaign in more than 100 markets to recruit new employees, rather than to sell food. On the more traditional side though, the King is tieing in with the new Indiana Jones movie; Promo magazine says plans include a scratch-off game and special limited-time burger variation.
Toyota will create a campaign to launch a branded credit card in the fourth quarter. It’s not a new idea — GM has had one since the early ‘90s, and Toyota sibling Lexus has had one for three years. Cards typically give extra points for expenditures at dealerships, which helps dealers retain service business in some cases.
|
|
|
|
|
|
