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After years of growth, chain restaurants struggle for customers amid markdown fight (AP) CHICAGO (AP) - Fortunes at chain restaurants are tumbling, the fallout from a strategy of slashing menu prices in the hopes that a cheap meal will be enough to entice diners back to their booths. Instead, diners are ringing up smaller checks, or simply staying home. And the deep discounts, like the two meals for $20 being offered at places such as Chili's and Applebee's, come with a high cost for sales and profits. Some worry the chains are creating a culture of diners looking only for a cheap meal. "These companies are competing any way they can to get customers in the door," said Morningstar restaurant analyst R.J. Hottovy. While the discounts became prevalent earlier this year, the problems restaurants are facing stem from when the... [read full story]
Yen at 14-year high vs dollar, Nikkei slips but off lows * Nikkei hits 4-month closing low for third time this week * Long-term outlook grim without some change - analysts * Metals and trading houses gain as gold prices hit...
Current yen rate to damage Japan's economy -steel body *Authorities should take steps to stem yen ascent -steel body TOKYO, Nov 26 (Reuters) - The yen's strength against the dollar could have a major impact on Japan's steel...
Cutting costs to the bone and beyond at the end of last year lights the fuse for an upcoming earnings explosion. Financial markets worry themselves sick over the plight of homeowners and the unemployed, but time solves these...
Recall affects about 4 million vehicles; action spurred by runaway acceleration events Toyota Motor Corp. said Wednesday that it would reconfigure or replace the gas pedals in about 4 million Toyota and Lexus vehicles to...
