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Editorial Results (free)

1. Taco Bell Tests Sriracha Flavored Items -

NEW YORK (AP) – Want to take a run for the border but wind up in Bangkok?

Taco Bell is testing a new menu that promises just that, looking to tap into the cult following for the red Thai hot sauce known as Sriracha.

2. McDonald's Sales Hit by China Scandal, US Weakness -

NEW YORK (AP) – McDonald's says a global sales figure fell 2.5 percent in July, dragged down by persistent weakness in the U.S. and a food safety scare in China.

The world's biggest hamburger chain said Friday that the decline included a 3.2 percent drop in the U.S. and a 7.3 percent drop in the unit encompassing Asia, the Middle East and Africa.

3. US Stocks Plunge, Wiping Out July's Gains -

NEW YORK (AP) — U.S. stocks had their worst one-day drop since February as traders worried about weak corporate earnings and the looming end of economic stimulus from the Federal Reserve.

4. Fast-Food Protests Return Amid Push for Wage Hikes -

NEW YORK (AP) – Fast-food workers and labor organizers are marching, waving signs and chanting in cities across the country Thursday amid a push for higher wages.

Organizers say employees planned to forgo work in 100 cities, with rallies set for another 100 cities. But it's not clear what the actual turnout has been or how many of the participants are workers. By afternoon, disruptions seemed minimal or temporary at the targeted restaurants.

5. Former CVS CEO Will Work With Private Equity Firm -

NEW YORK (AP) – Private equity firm Advent International said Thursday that former CVS Caremark Corp. Chairman and CEO Thomas Ryan will advise it on retail and health care investment opportunities.

6. MBIN Signs New Lease At Bellbrook Park -

A Memphis-based wholesaler of collectable items has signed a new industrial lease in the Southwest submarket.

MBIN Global Inc. has signed a new lease for 26,250 square feet at Bellbrook Industrial Park, 1004 Brooks Road.

7. Economy Sees Slow Growth -

The easing will continue until unemployment improves

After August’s employment report was released, we wrote the following: “Having fully utilized current employees, the only way to meet an uptick in demand would be to hire new ones. … Now that incremental demand increases cannot be met with efficiencies, they must be met with bodies. Expect employment releases to continue to pleasantly surprise.” The September jobs headline was not a pleasant surprise, but it was not necessarily a disappointment either. The headline number revealed a total reduction of 95,000, while August and July’s headline numbers were revised downward. However, those numbers continue to be distorted by discarded census workers. Private payrolls showed a gain of 64,000 during September. The unemployment rate holds firm at 9.6 percent.

8. Yum CEO: No 'Quick Fix' at KFC in US -

LOUISVILLE, Ky. (AP) – The recipe for a turnaround is proving elusive at KFC, the chain made famous by the secret mix of herbs and spices coating its Original Recipe chicken.

A day after KFC posted an 8 percent quarterly sales drop at U.S. restaurants open at least a year, the top executive of its parent company acknowledged that rejuvenating the ubiquitous brand will take time.

9. The Float Begins -

Ahead of the G-20 in Toronto, the Chinese government relented and began a gradual adjustment of its currency, the yuan.

In 2005, while the global economies were still relatively strong, China ended an 11-year peg to the dollar. From mid-2005 to mid-2008, the yuan appreciated 21 percent against the greenback. In July 2008, as the Great Recession accelerated, China re-pegged the yuan to the dollar to support local exporters.

10. Longleaf Managers Reassure Investors as Bear Market Recedes -

In a letter they sent to shareholders a few days ago, the managers of a family of Memphis-run mutual funds worked to reassure investors their holdings are on track to recover last year’s losses.

The Memphis-based managers of the Longleaf Partners family of mutual funds – who promised, once the Great Recession took hold last year, they would keep a conservative approach as “an anchor against fear” – told shareholders they’re optimistic again. And they are slowly posting the results to back that up.

11. Yum Brands Cutting Several Hundred Jobs -

LOUISVILLE, Ky. (AP) - Fast-food company Yum Brands Inc. said Wednesday it will eliminate several hundred jobs and shift up to a couple hundred more as part of a restructuring of its sluggish U.S. business.

12. Archived Article: Daily Digest - Schilling Farms Land

Schilling Farms Land

Gets Set for Development

Riverbirch Memphis LLC has secured a $1.23 million construction loan for two parcels in Sterling Square at Schilling Farms in Collierville, according to The Daily News Publi...

13. Archived Article: Daily Digest - Back Yard Burgers

Back Yard Burgers

marks red-hot results

Back Yard Burgers Inc. announced results for the first quarter.

Total revenues for the 13-week period ended March 29 were $8.6 million, a record first quarter and an increase of 4...

14. Archived Article: Daily Digest - Back Yard Burgers

Back Yard Burgers

hotter off the grill

Back Yard Burgers Inc. announced results for the fourth quarter and fiscal year 2002.

Total revenues for the 13-week period ended Dec. 28 were $8.5 million, a fourth quarter record...

15. Archived Article: Byb P2 - BYB profits all fired up

BYB quarterly profits all fired up

Once the smoke cleared, Back Yard Burgers Inc.s second quarter results made for some happy meals in the companys boardroom.

Total revenues for the 13-week period ended June 29, wer...

16. Archived Article: Market Briefs - Back Yard Burgers Inc Back Yard Burgers Inc. reported it entered into a 40-unit development agreement with Black Angus Burgers Inc. May 22. Black Angus Burgers will open 40 Back Yard Burgers stand-alone franchises over the next 10 years. Black Angus...