New Jersey high school wrestling coach is CEO of $100 million firm that owns one deli

He’s a legend in New Jersey high school wrestling – and a mystery in the stock market. Paul Morina, the principal of Paulsboro, New Jersey, High School, is listed in financial records as the president, CEO, CFO and more at a Nevada-incorporated company whose stock is trading at levels that give it a valuation more … Read more

Dubai parts with curtain covers for restaurants in Ramadan

Dubai is parting with a longstanding requirement that restaurants be covered by curtains in the daytime during Ramadan to shield the sight of food from people fasting. The move, announced Sunday by the city-state’s Economic Development Department, is the latest change aimed at boosting tourism in the autocratically ruled Muslim nation. “Restaurants will be allowed … Read more

GameStop shares jump after company says it plans to name Ryan Cohen chairman

Pedestrians pass a GameStop store on 14th Street at Union Square, Thursday, Jan. 28, 2021, in the Manhattan borough of New York. John Minchillo | AP GameStop announced Thursday that the Chewy co-founder Ryan Cohen will become its chairman following the company’s annual shareholder meeting, which is scheduled for June 9. The retailer’s shares jumped … Read more

Maharashtra Covid-19 update: Restaurants, bars, malls to be shut for week in Pune

The industry bodies said it was difficult for smaller companies that did not have the resources to organise or hire vehicles to ferry employees. A stringent 12-hour curfew between 6 pm and 6 am has been imposed across Pune district for seven days, starting on Saturday. The Pune district administration on Friday also announced that … Read more

Texas Roadhouse founder Kent Taylor dies at 65 after taking life following post Covid struggle

A man walks past a Texas Roadhouse restaurant in Arvada, Colo. Matthew Staver | Bloomberg | Getty Images Texas Roadhouse founder and CEO Kent Taylor died on Thursday, the restaurant chain announced on its Facebook page. He was 65. Taylor died by suicide after a battle with post-Covid-19 related symptoms, including severe tinnitus, the family … Read more

Chipotle will link executive compensation to environmental and diversity goals

Brian Niccol, CEO of Chipotle Mexican Grill Adam Jeffery | CNBC Chipotle Mexican Grill said Thursday that executive compensation will now be linked to hitting targets tied to the company’s environmental and diversity goals. The burrito chain is following in the footsteps of Starbucks and McDonald’s, both of which recently announced that performance for racial … Read more

LVMH buys 50% stake in Jay-Z’s champagne brand Armand de Brignac

Jay-Z and Dylan Jones attend the Armand de Brignac ‘A Taste of Gold’ party hosted by Jay-Z and the editor of GQ Magazine Dylan Jones, at Automat on July 2, 2008 in London, England. Dave M. Benett | Getty Images Entertainment | Getty Images Moet Hennessy, the wine and spirits division of luxury conglomerate LVMH, … Read more

Coca-Cola Zero Sugar will be the company’s biggest source of growth in 2021, CEO says

The biggest source of growth for Coca-Cola over the next few years will likely be the zero-sugar version of the company’s namesake soda. “Actually, the best growth driver in ’21 and probably for the few years is probably going to be Coke Zero Sugar,” Coke CEO James Quincey said in an interview that aired Friday … Read more

McDonald’s sets targets to diversify its leadership, seeks gender parity by 2030

The golden arches of McDonald’s at an outlet in Westbury, New York. Kickstand | E+ | Getty Images McDonald’s is taking steps to increase the number of women and historically underrepresented groups in its senior leadership ranks. By 2025, the company is aiming for senior directors or higher leadership roles to be at least 35% … Read more

Pepsi revenue up 8.8% fueling earnings beat, sees 2021 results meeting long-term targets

Pepsi soft drinks are displayed at a convenience store in San Francisco, California. Justin Sullivan | Getty Images PepsiCo on Thursday reported fourth-quarter earnings that topped estimates, fueled by pandemic snacking and higher sales of drinks like Gatorade Zero and Bubly sparkling water. On the heels of the strong quarter, the Frito-Lay owner said that … Read more