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☆ Applebee’s is shrinking. Its parent company may open joint restaurants with IHOP
▼ + stars: | 2024-03-06 | by ( Ramishah Maruf | ) edition.cnn.com time to read: +3 min

Dine Brands Global is considering an Applebee’s and IHOP combination, according to an earnings call on February 28. Dine Brands is the parent company of both restaurant chains. Because of the cost to build an Applebee’s, Dine Brands is “assembling a prototype” for another option. The revenue for the joint restaurants could double that of the standalone restaurants, the company said in the earnings call. Combination locations allowed these restaurants, such as Auntie Anne’s and Cinnabon, to expand past malls and into busier streetside spots.

Persons: New York CNN —, Anne’s, Applebee’s, Paul Weaver, Carvel, Auntie Anne’s, ”, Brian Krause, John Peyton, Peyton Organizations: New, New York CNN, Bell, KFC, Dine, Dine Brands, AP, Focus Brands, Brands Locations: New York, Susquehanna, Selinsgrove , Pennsylvania, Cinnabon, Leon , Mexico, Mexico

Several technology and travel companies are reporting earnings this week — and some of them are likely to see dramatic moves when they do. CNBC Pro screened for stocks that may post sharp moves after releasing their quarterly results, based on calculations from FactSet data. Here are some other stocks that may notch the biggest moves after their announcements this week. Swedish oat milk maker Oatly could move up or down about 17% after its earnings results, which are also slated to come out Thursday. OTLY 1Y mountain Oatly shares Restaurant software platform Toast may also see either a gain or loss of more than 11% following its earnings release Thursday.

Persons: Kraft Heinz, Carvel, Toast Organizations: Bank of America, CNBC Pro, Cisco Systems, Sony, U.S, Oatly Locations: U.S

☆ Oatly shares pop as oat milk maker brings dairy-free flavors to Carvel ice cream shops
▼ + stars: | 2024-01-22 | by ( Micah Washington | ) www.cnbc.com time to read: +1 min

Oatly and Carvel said on Monday that they will partner to add oat milk-based items at the chain's ice cream stores nationwide. Carvel, a chain known for its soft serve, will add five new plant-based desserts to its menu as part of the partnership. The Oatly products will include strawberry soft serve and scooped cookies and cream and chocolate peanut butter flavors, along with cakes. Oatly said the partnership will help the ice cream shop chain serve people with dairy allergies or dietary restrictions. More consumers have embraced plant-based milk in recent years, and oat milk has started to make up a larger share of that segment.

Persons: Oatly, Carvel, Jim Salerno Organizations: Foods, CNBC PRO Locations: San Rafael , California, Swedish

☆ Donald Trump serving as House speaker would be chaos for the legislature and misery for the embattled former president
▼ + stars: | 2023-10-05 | by ( Madison Hall | ) www.businessinsider.com time to read: +7 min

Even if he gets immense GOP congressional support to become speaker, Trump also appears like the very last person who'd even want the position. US President Donald Trump speaks in the Brady Briefing Room at the White House in Washington, DC on November 5, 2020. AdvertisementAdvertisementAs president, Trump was free to hire and fire staffers, counsel, and his cabinet at any point he wanted. As a speaker but not a member of Congress, Trump would have literally no ability to vote on any pieces of legislation. Let's imagine, for a minute, that Trump's both interested in the position and can somehow manage to convince GOP members to take McCarthy's spot.

Persons: Kevin McCarthy, —, they've, Sen, John Fetterman, Marjorie Taylor Greene, Greg Steube, Troy Nehls, Donald Trump, Greene, she's, Bud, there's, Trump, BRENDAN SMIALOWSKI, he'd, David McNew, Sean Casten, he's, Newt Gingrich, it's Organizations: Trump, Service, Republican, GOP, Republican Party, White, Getty, California GOP, Democratic, Republican Conference, Congress Locations: New York, Brady, Washington , DC, AFP, California, Los Angeles , California

☆ Subway sandwich chain sells itself to Dunkin' owner Roark Capital
▼ + stars: | 2023-08-24 | by ( Amelia Lucas | ) www.cnbc.com time to read: +3 min

In this photo illustration, a Subway meal is seen on a table at a Subway restaurant on January 12, 2023 in Austin, Texas. Roark Capital is buying Subway, ending the sandwich chain's more than five decades of family ownership and marking a new era for the struggling company. Subway dwarfs all of them by number of restaurants, and brings in more annual sales than all but Dunkin'. Through holding company Inspire Brands, Roark owns Dunkin', Baskin-Robbins, Sonic, Arby's, Buffalo Wild Wings and Jimmy John's. Roark plans to keep Subway as a separate entity within its portfolio, Subway CEO John Chidsey told the Journal.

Persons: Roark, Dunkin, Robbins, Jimmy John's, Anne's, Carvel, Neil Saunders, John Chidsey, Chidsey, Fred DeLuca, Peter Buck, Jared Fogle, DeLuca, Buck Organizations: Roark Capital, Subway, TDR, Sycamore Partners, Wall Street, Inspire Brands, Baskin, Buffalo Wild Wings, Focus Brands, Journal ., Business Locations: Austin , Texas, Cinnabon, Connecticut, U.S

☆ Subway has sold itself to a private equity firm
▼ + stars: | 2023-08-24 | by ( Jordan Valinsky | ) edition.cnn.com time to read: +3 min

New York CNN —Subway has sold itself to private equity firm Roark Capital, ending a six-month long search for a buyer. “This transaction reflects Subway’s long-term growth potential, and the substantial value of our brand and our franchisees around the world,” Subway CEO John Chidsey said in a statement. However, the Wall Street Journal reported the purchase price was “around $9.6 billion,” which would be slightly below the chain’s $10 billion asking price. Despite the sales turnaround, the number of US Subway stores declined to 20,576 last year according to Technomic. Another issue for Roark: Yearly sales at Subway US restaurants are still much lower compared to its sandwich-making rivals.

Persons: Roark Capital, ” Roark, Auntie Anne’s, Carvel, John Chidsey, Roark, Roark’s, Dunkin ’, Jimmy John’s, “ Roark, ”, Neil Saunders, GlobalData, ” Saunders, Trevor Haynes, He’s, Douglas Fry Organizations: New, New York CNN — Subway, Roark, Subway, Buffalo Wild Wings, Sonic, ” Subway, “, Wall Street Journal, ”, Inspire Brands, Inspire, US Subway, QSR Magazine, Jersey, Subway’s North Locations: New York, North America, Subway, Subway’s North America, Canada

☆ Where to get free ice cream and other deals on National Ice Cream Day
▼ + stars: | 2023-07-16 | by ( Sarah Jackson | ) www.businessinsider.com time to read: +3 min

July is National Ice Cream Month, and July 16 is National Ice Cream Day. Here's some of the places with free ice cream and other deals on National Ice Cream Day. Lucky for us, July is National Ice Cream Month, and today is National Ice Cream Day, so there's plenty of deals and discounts on ice cream on offer. Insomnia CookiesInsomnia Cookies is offering a free scoop of ice cream with an in-store purchase or local delivery order, from July 14-16. Van LeeuwenFor any New Yorkers, Van Leeuwen's cofounders and Lead Ice Cream Taster will be handing out free ice cream next week, on July 18, from 4-6pm at their SoHo location.

Persons: Robbins, Uber, Carvel, Leeuwen, Van Leeuwen's cofounders Organizations: Cream, Service, Baskin Locations: Wall, Silicon, DoorDash, order.carvel.com

☆ Opinion: A boast that could sink Trump
▼ + stars: | 2023-05-21 | by ( Richard Galant | ) edition.cnn.com time to read: +20 min

We’re looking back at the strongest, smartest opinion takes of the week from CNN and other outlets. CNN —“I’m the one that got rid of Roe v. Wade,” former President Donald Trump boasted Tuesday on Newsmax. Congress has the power to rein in the court, wrote CNN legal analyst and law professor Steve Vladeck, whose new book “The Shadow Docket” focuses on the Supreme Court. Courtesy Boaz FreundIn 2019, then-President Trump issued an executive order requiring hospitals to post the prices of common medical services and procedures. For some, its celebration of a multiracial but purely fictional British aristocracy may even be a big part of its appeal.”As escapism, “Queen Charlotte” is a success.

☆ AllianceBernstein's CEO leans into private assets and ETFs as active managers face the worst market in decades
▼ + stars: | 2022-09-27 | by ( Rebecca Ungarino | ) www.businessinsider.com time to read: +5 min

AB CEO Seth Bernstein spoke with Insider recently about the active asset manager's plans. Portfolio managers of active ETFs are actively overseeing a basket of securities, while typical passive ETFs track indices. Branded black water bottles promoting the new products read: "AB ETFs. Its first two ETFs are fixed income products — the AB Ultra Short Income ETF and the AB Tax-Aware Short Duration Municipal ETF. "We will continue to diversify the platform into private alts," Bernstein said during the Morgan Stanley conference in June.

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