Soumya Nair

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Salaries to rise 3% this year, while executive pay soars

Not everyone is reaping the same benefit from the recovery in the jobs market.<p>U.S. wages and salaries are estimated to rise by roughly 3% for most …

Employment

Korea's Paris Baguette chain expands to ... Paris

If the idea of buying a baguette from a vending machine appalled the traditional bread-loving French, there is perhaps more shocking news to come.<p>In a perfect coals-to-Newcastle move, a South Korean chain has opened a bakery called Paris Baguette in the heart of the French capital.<p>The food chain …

Hormel Says it Has 'World's First Bacon-Fueled Motorcycle'

One bike gives "hogging the road" a new meaning. In a porcine first, Hormel Foods (maker of Spam) had a motorcycle tweaked so it runs on refined bacon grease. The company is touting the souped-up bike as "the world's first bacon-fueled motorcycle." The bike is currently traveling the country on a …

Social Media

Beef Products Inc reopens plant as 'pink slime' lawsuit proceeds

CHICAGO (Reuters) - Beef Products Inc will reopen a Kansas processing plant on Monday to boost production of “lean finely textured beef,” which critics call “pink slime,” as wholesale beef prices soar with a shrinking U.S. cattle herd.The reopening of the Garden City, Kansas, plant comes more than …

A Terrible Year for Newspapers, a Good Year for News

In the wake of the 2014 newspaper purge, there is no such thing as the news business. Instead, there are dozens of different businesses that happen to publish the news.<p>The demise of newspapers is hardly a breaking news story, but 2014's summer of spin-offs has created one heck of a news peg.<p>In the …

Transworld Business

Featured Transworld Business Articles<p>Talks from Alterra Mountain Co.'s Erik Forsell and Zumiez CEO Rick Brooks, and key learnings on racial diversity.<p>…

Millennials Wanted: 10 Classic Brands Being Tweaked to Appeal to Young Consumers

With a nip here and a tuck there, Madison Avenue is putting new faces on old brands that young shoppers tend to disdain as, well, just too …

Gen Y and Millennial moms having more kids and abandoning helicopter parenting

A new generation of laid-back mothers is rewriting the playbook on parenting, ditching the hands-on helicoptering of older mothers and even aspiring …

Marketing to Millennials: The consumers to change the market landscape

<i>Jamie Gailewicz oversees the Bailey Brand Consulting Client Services team, where he is involved in the ongoing management of clients, delivering sound strategies and inventive solutions.</i><p>To sell to any audience, you have to understand it. Discovering how its members think, act, and purchase is only …

Millennials Save For Retirement Earlier Than Baby Boomers, Survey Finds

All of those reports encouraging Millennials to start saving for retirement as soon as possible may be paying off, literally. According to the 15th Annual Transamerica Retirement Survey, performed by the nonprofit Transamerica Center for Retirement Studies, Millennials are an “emerging generation …

Millennials and their bad habits - Aug. 1, 2014

NEW YORK (CNNMoney)<p>It's not all kale and Pilates. Millennials are spending big money on guilty pleasures they are probably not telling their personal trainers about, according to new data from budgeting app Level Money.<p>First up: alcohol. Average annual spending by Millennials varies by state -- and …

Designing A Customer Service Experience For Millennials: Is Too Much Choice Just Right?

Crafting a customer experience that works for today’s changing customer base–including millennials–is no easy task. Key decisions to be made include self-service vs. human-delivered customer service. And, as much as anything else, decisions about how much <i>choice</i> to offer your customers.<p>That endless …

BK brings back Chicken Fries

Chicken Fries have taken flight -- again.<p>Roughly two years after nixing the slower-selling Chicken Fries from its menu, Burger King is responding to ongoing social media pressure and on Monday brought back the fry-shaped chicken pieces that are placed in over-sized, French fry-like containers and …

M&M Meat Shops’ new owner bets frozen is fresher

The new owner of frozen-food retailer M&M Meat Shops Ltd. is making an unlikely bet on frozen fare in a fiercely competitive grocery market that is favouring fresh foods.<p>Private equity firm Searchlight Capital Partners LP of Toronto acquired M&M this week with the aim of investing millions of …

Appeals Court Upholds Country of Origin Labels on Meat

Want to know where your dinner came from? A federal appeals court on Tuesday upheld new government rules requiring labels on packaged steaks, ribs and other cuts of meat to say where the animals were born, raised and slaughtered. The meat industry has attempted to block the rules, saying they are …

Herbalife stock tumbles on earnings miss

Herbalife stock tumbled after the company's earnings fell short of expectations and its outlook disappointed investors.<p>The controversial maker of diet shakes and supplements said it earned $1.55 per share in the second quarter, short of analysts' expectations of $1.57 per share. Herbalife also …

Darden CEO Otis stepping down

Darden Restaurants Chairman and CEO Clarence Otis is stepping down, a departure that comes on the heels of a controversial corporate restructuring and calls for his resignation by some investors.<p>Otis, who joined the company in 1995, will stay on as CEO until a successor is named or Dec. 31, …

How To Work Much Faster

Working quickly is one of the most important characteristics of the high performing business person.<p>You can be highly intelligent, motivated and experienced, but if your output is slow then you’ll never reach your potential.<p>Speedy working is a craft well worth learning, but few executives spend any …

Pepsi and Coke's new cola war challenger? Zevia.

As consumers grow sweeter on sugar-free and aspartame-free sodas, one upstart is trying to build a big head start on beverage behemoths Coca-Cola …

Olive Garden Is Evidence Of A Huge Problem In The Economy

One restaurant operator has just given us a small window into a huge problem with the American economy.<p>Darden Restaurants, the Orlando-based purveyor of sit-down food chains, announced its fourth-quarter earnings on Friday, revealing that some of its restaurants have done much better than others in …

With $50M banked, HelloFresh CEO plans 'global consumer food brand' (interview)

HelloFresh delivers a food box that lets subscribers make high-quality self-cooked meals at home. Customers can pick between different recipes and receive the exact number and portion of the ingredients needed. That way they get the right ingredients and are not stuck with leftovers. HelloFresh …

McDonald's ranks last in customer satisfaction

McDonald's ranked last, again, in an annual ranking of fast food restaurants by the American Customer Satisfaction Index.<p>The bottom ranking has been an annual tradition since the ACSI survey started 20 years ago. In 2014, McDonald's Corp.'s satisfaction score fell nearly 3 percent to 71 from 73 in …

ConAgra shares tumble as consumer foods, private brands struggle

ConAgra Foods Inc. said Wednesday that its fourth-quarter earnings will be lower than it had forecast because of slow sales of its consumer foods products, such as Chef Boyardee, and weak profits for its private-brand businesses.<p>The packaged-foods company said that it now expects earnings of 55 …

What You’ll Be Eating This Year

Food is no longer just for survival—or just for enjoyment, either. As the Future Foundation put it, "food has become a prescription we can write …

Pulse Report: Food & Liquor Trends That Will Define the Next 12 Months

<i>This is a post from our partners at AskMen. Make sure to check out their entire Pulse Report, a compilation of 500 people, products and trends within 10 verticals (including fashion, food, travel, gadgets, movies etc.) that will define the next 12 months, forecasted by top experts in each field.</i><p>A …

Trends

Wheelchair users sue car services Uber and Lyft over lack of access

Three residents of Texas have filed a lawsuit that claims popular car services Uber and Lyft are violating the Americans with Disabilities Act by …

How Millennials Will Change the World of Work

Nancy Cook @nancook<p>May 29, 2014, 6:20 a.m.<p>Just 11 years from now, by the year 2025, mil­len­ni­als are ex­pec­ted to make up as much as 75 per­cent …

Tariffs