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Gene Bicknell opened a Pizza Hut franchise in 1962 in Pittsburg, Kansas. He formed National Pizza Company and began adding more locations. In 1994, the company was renamed NPC International and today owns 1,600 Pizza Huts and Wendy's. Sales are declining and NPC has a debt of $1 billion.
NPC, world's largest Pizza Hut and Wendy's franchisee, is considering bankruptcy. Is the restaurant franchise model broken?
https://www.ibtimes.com/largest-pizz...-model-2926676
I wonder what the label will say. "Ingredients: cocoa, tofu, tempeh, quinoa, wheat gluten, chia seeds, dichondra, dandelion leaves, yeast, spelt, spirulina, chickpeas, sawdust, artificial flavor, artificial color." This craze for plant-based foods is really getting ridiculous.
Cadbury is testing a new plant-based version of its massively popular Dairy Milk chocolate bar as veganism sweeps the globe
https://www.businessinsider.com/cadb...ate-bar-2020-2
King Donald the First, who thinks everything is about him, is concerned about the 2019-nCoV virus but only because he's afraid a pandemic would hurt our nation's economy and jeopardize his re-election bid. The first part of his fear is already coming true.
Dow closes down 1,031 points as coronavirus fears wipe out year's gains
https://www.msn.com/en-us/money/mark...ns/ar-BB10iRgQ
DoorDash was founded in 2013 in Palo Alto by four Stanford students. Of all the meal delivery services in the United States, DoorDash now has a 38% market share. GrubHub has 31%, Uber Eats has 20% and Postmates has 10%. DoorDash is valued at nearly $13 billion – but it's struggling to make money. Good luck with that IPO!
DoorDash just confidentially filed IPO paperwork as it prepares to go public
https://www.businessinsider.com/door...-public-2020-2
The Dow, NASDAQ and S&P have all fallen more than 10% below their most-recent peaks. The Dow fell 1,191 points today, surpassing the February 5 drop of 1,175 points.
Dow falls 1,191 points, the most in history
US markets posted another sharp selloff as worries about coronavirus mount.
https://www.cnn.com/2020/02/27/inves...off/index.html
Bloomberg is finally acknowledging a pattern that I've complained about for three years: Vain, pompous, egotistical, narcissistic King Donald the First takes sole credit when the stock market rises but never assumes any blame or responsibility when it falls.
Trump takes credit when markets rise, points finger when they fall
https://www.bloomberg.com/news/artic...when-they-fall
This week the S&P fell 11%, the Dow fell 12% and the Stoxx Europe 600 fell 12%. NASDAQ fared much better, ending the week with a gain of 0.1%. Many financial experts believe the markets will not recover until the second half of this year, and that's assuming warmer weather will slow the spread of the coronavirus.
S&P 500 posts worst week since the 2008 financial crisis as coronavirus fears flare
https://markets.businessinsider.com/...0-2-1028951101
[b]For the past two weeks, US financial markets have been reacting to the potential economic damage from the COVID-19 virus. They're actually over-reacting, which is worsening the economic damage. Today the Dow fell 785.91 (2.94%).
The 10-year Treasury bond yield just dropped below 1% for the first time in history
https://www.cnn.com/2020/03/03/inves...low/index.html
In 1924, Richard Simon and M. Lincoln Schuster founded a publishing company in New York City. Their first publications were books of crossword puzzles. Simon & Schuster, now the nation's third-largest book publisher behind Penguin Random House and HarperCollins, owns 35 imprints including Scribner, Atheneum Books, Gallery Books, Pocket Books, Scout Press and Washington Square Press.
ViacomCBS puts iconic book publisher Simon & Schuster up for sale
https://www.latimes.com/entertainmen...isher-for-sale
Tesla CEO Elon Musk complained, "We get these unfair accusations that we are underreporting injuries." Well, guess what? The accusations are not unfair. In fact, they're quite accurate – and OSHA is not happy.
Tesla reportedly failed to tell regulators about dozens of factory injuries, then claimed without evidence that regulators praised its record-keeping
https://www.businessinsider.com/tesl...ifornia-2020-3