McDonald’s Sells China Operations

US fast-food giant McDonald’s will sell a controlling stake in its China and Hong Kong business for up to $2.08 billion to a consortium including state-owned Citic and the Carlyle Group, it was announced Monday. The deal is part of an international turnaround plan by the Golden Arches as it struggles with sluggish growth at […]

$632K For A Single Tuna

A sushi chain boss paid $632,000 for a 466-pound bluefin tuna at auction on Thursday. The 74.2 million yen winning bid for the prized but imperiled species was the second highest ever after a record 155.4 million yen bid in 2013 at the annual New Year auction at the famed Tsukiji market. Kiyomura Corp. owner […]