Airbnb hopes to raise $2.6b in mid-December IPO

Airbnb hopes to raise as much as $2.6 billion in its initial public stock offering this month, betting investors will see its home-sharing model as the future of travel. In a governm...

Black Friday sees record online as US shoppers stay home

Black Friday online sales hit a new record this year as pandemic-wary Americans filled virtual carts instead of real ones. Consumers spent an estimated $9 billion on U.S. retail webs...

Airbnb details years of losses ahead of planned IPO

Airbnb was losing money even before the pandemic struck and cut its revenue by almost a third, the home-sharing company revealed in documents filed Monday ahead of a planned initial public offering of...

Beyond Meat falls short in 3Q as restaurants struggle

Beyond Meat said Monday that it felt the full force of the coronavirus pandemic in the third quarter, leading to worse-than-expected financial results. Consumer stockpiling in the se...

Updated menu, celeb collaborations, pump McDonald's sales

McDonald’s U.S. sales roared back in the third quarter on new menu items and attention-grabbing celebrity collaborations. With new choices like spicy chicken nuggets and a meal deal...

Insider Q&A: Bloomin' Brands CEO David Deno

As coronavirus lockdowns hit the U.S. in March, Bloomin’ Brands CEO David Deno called an emergency meeting for his 12-member executive team. “We collectively said, ‘What we do today ...

Hershey's Halloween sales up despite fewer trick-or-treaters

Hershey says its Halloween candy sales were up slightly this year despite a lower turnout of trick-or-treaters amid the pandemic. Michele Buck — chairman, president and CEO of Hershe...

Marriott bounces back as activity in China surges

Marriott is reporting dramatic improvements in the third quarter as travel demand rebounded in China. Average occupancy at hotels in China was 61% during the quarter, down just 10% f...

McDonald's hires diversity chief amid corporate turmoil

McDonald’s is hiring a new chief diversity officer as it struggles with charges of harassment and racism at all levels of the company. Reginald Miller will become the company’s globa...

Airbnb sets up endowment, council for hosts ahead of IPO

Airbnb is setting up an endowment fund to support its 4 million hosts as part of its upcoming initial public offering. The San Francisco-based home-sharing company said it will set a...

Thanksgiving feast or famine? Turkey industry left to guess

For the turkey industry, this Thanksgiving is a guessing game. Millions of Americans are expected to have scaled-down celebrations amid the pandemic, heeding official warnings again...

Starbucks sales recover faster than expected in US, China

Starbucks saw faster-than-expected recovery in the U.S. and China in its fiscal fourth quarter, giving it confidence as it heads into the holiday season. Global same-store sales fell...

Dunkin' shares hit all-time high after holding buyout talks

The Dunkin’ doughnuts and coffee chain confirmed it's held talks to be taken private by a private equity firm, sending shares rocketing to an all-time high at the opening bell Monday. ...

Coca-Cola recovery continues as it grows leaner in pandemic

Coca-Cola measured gradual improvement in the third quarter as it focused on emerging leaner from the global pandemic. Revenue fell 9% to $8.7 billion, edging out Wall Street expecta...

Pilgrim's Pride reaches plea deal on chicken price-fixing

Pilgrim’s Pride Corp. has reached a plea agreement with the U.S. government over charges of price-fixing in the chicken industry. Under the agreement, Pilgrim’s Pride would pay a fin...