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Burger King was founded as Insta-Burger King in 1953 in Jacksonville, Florida. In 2022, there were 19,789 Burger Kings worldwide. In 2023, the number is falling. Burger King is owned by Restaurant Brands International, which also owns Popeyes, Tim Hortons and Firehouse Subs.
Burger King closures rack up: 'Struggling' chain may shutter a whopping 400 locations this fiscal year
https://www.salon.com/2023/11/14/bur...s-fiscal-year/
Alexa, what is happening at Amazon? "Several hundred people in my division are losing their jobs but I am all-knowing and have all the answers and I can get along just fine without people." Shares of Amazon closed today at 145.18, a gain of 2.35 (1.65%).
Amazon cuts 'several hundred' jobs in Alexa division
https://www.cnbc.com/2023/11/17/amaz...-division.html
Thai Union Group has traded on the Thailand Stock Exchange since 1994. Shares closed today at 14.90 bahts, a gain of .30 baht (2.05%). The baht is equal to .029 US dollars so the share price is around 43¢ US.
Red Lobster’s endless shrimp deal was too popular, company says
CNN, Nov 29 2023 5:10 PM EST
It was a simple plan. Business tends to slow down at Red Lobster locations during the third and fourth quarters, so its parent company, Thai Union, launched a new promotion. For $20, customers could eat as much shrimp as they wanted. The promotion has been a tradition at the chain for more than 18 years, but in June the company announced that endless shrimp would become a permanent fixture on the menu. The plan turned out a little too well. More customers took advantage of the seafood chain’s “Ultimate Endless Shrimp” than expected – the key reason for the chain’s roughly $11 million loss in the third quarter of 2023.
https://www.cnn.com/2023/11/29/busin...eal/index.html
Spotify was founded in 2006 in Stockholm, Sweden, and is the world's lleading audio streaming service, offering more than 100 million songs, more than five million podcasts and more than 350,000 audiobooks. Shares of Spoitify closed today at 194.17, a gain of 13.48 (7.46%).
Spotify to cut 1,500 jobs in latest round of layoffs
https://www.axios.com/2023/12/04/spo...profits-losses
McDonald's will probably rebrand AI as McAI. Shares of McDonald's closed today at 286.86, a gain of 0.32 (0.11%).
McDonald's plans to add about 10,000 new stores worldwide by 2027, increase use of AI
https://www.cbsnews.com/news/mcdonal...dwide-by-2027/
Rowland H. Macy opened a dry goods store in 1851 in Haverhill, Massachusetts. It failed. He opened another dry goods store in 1858 in New York City. It succeeded. There are now more than 500 Macy's stores in the United States, Guam and Puerto Rico. Shares of Macy's are now at 17.39.
Macy’s receives $5.8 billion buyout offer, sources say
https://www.cnbc.com/2023/12/11/macy...urces-say.html
Henry, Herman and Hillel Hassenfeld founded Hassenfeld Brothers Inc. in 1923 in Providence, Rhode Island. They initially sold textiles but soon began producing school supplies. In the late 1930s, they began selling modeling clay and toys. In 1952, they introduced Mr. Potato Head, the first toy to be advertised on television. In 1964, they introduced G.I. Joe action figures. The company was renamed Hasbro Industries in 1968. Shares of Hasbro closed today at 48.89, a gain of 0.19 (0.39%).
Hasbro laying off 1,100 workers as weak toy sales persist into holiday season
https://www.nbcnews.com/business/bus...son-rcna129189
Steve Wozniak, Steve Jobs and Ronald Wayne founded Apple in 1976. It was the first publicly traded U.S. company to be valued at $1 trillion (in 2018).....and $2 trillion (in 2020).....and $3 trillion (in 2022). Shares of Apple closed today at 197.57, a drop of 0.54 (0.27%).
Apple's market cap is larger than all but 6 of world's top economies
Apple stock hit an all-time high this week and is up more than 57% this year, with a market cap hovering at $3.08 trillion..
https://markets.businessinsider.com/...france-2023-12
The Quaker Oats Company was founded as the Quaker Mill Company in 1877 in Ravenna, Ohio. Quaker has been owned by PepsiCo since 2001.
Quaker recalls dozens of granola bars and cereals due to a possible salmonella risk
Quaker said it "has received no confirmed reports of illness related to the products covered by this recall" and had informed the FDA of the recall.
https://www.nbcnews.com/news/us-news...isk-rcna130264
Carnegie Steel Company. Federal Steel Company and National Steel Compnay merged in 1901 to form United States Steel Corporation. Shares of US Steel closed today at 49.59, a gain of 10.26 (26.09%).
US Steel to be acquired by Japan's Nippon Steel for nearly $15 billion
https://www.usatoday.com/story/money...e/71956807007/