AirAsia is now serving its airplane food in a restaurant in Kuala Lumpur

The AirAsia commercial sign is seen in Kuala Lumpur, Malaysia on January 24, 2018. Airline food has long been the butt of travelers’ jokes, but Malaysia’s AirAsia Group is seeking to turn that notion on its head — opening its first restaurant on Monday featuring dishes based on its in-flight menu. The carrier, which pioneered the budget airline model in Asia — including charging extra for food — launched its flagship Santan and T&CO restaurant at a mall in Kuala Lumpur, marking its first foray i


The AirAsia commercial sign is seen in Kuala Lumpur, Malaysia on January 24, 2018.
Airline food has long been the butt of travelers’ jokes, but Malaysia’s AirAsia Group is seeking to turn that notion on its head — opening its first restaurant on Monday featuring dishes based on its in-flight menu.
The carrier, which pioneered the budget airline model in Asia — including charging extra for food — launched its flagship Santan and T&CO restaurant at a mall in Kuala Lumpur, marking its first foray i
AirAsia is now serving its airplane food in a restaurant in Kuala Lumpur Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-12-04
Keywords: news, cnbc, companies, business, try, kuala, lumpur, airasias, team, airplane, serving, airasia, food, santan, restaurants, group, inflight, restaurant


AirAsia is now serving its airplane food in a restaurant in Kuala Lumpur

The AirAsia commercial sign is seen in Kuala Lumpur, Malaysia on January 24, 2018.

Airline food has long been the butt of travelers’ jokes, but Malaysia’s AirAsia Group is seeking to turn that notion on its head — opening its first restaurant on Monday featuring dishes based on its in-flight menu.

AirAsia group CEO Tony Fernandes is so confident the carrier’s Southeast Asian fare will be popular with diners on the ground that he is aiming to franchise the concept internationally, with a New York outlet an ultimate goal.

“Our dream is to have one in Times Square,” he said.

The carrier, which pioneered the budget airline model in Asia — including charging extra for food — launched its flagship Santan and T&CO restaurant at a mall in Kuala Lumpur, marking its first foray into the retail food business.

General Manager of Santan Restaurant and T&CO Cafe, Catherine Goh, said 30% of the restaurant’s menu come from AirAsia’s existing in-flight menu, which includes classics such as Pak Nasser’s nasi lemak, a signature Malaysian rice dish with chili condiment.

The name “Santan,” already used on AirAsia’s in-flight menus, is taken from the coconut pulp milk that is a staple in Southeast Asian cooking.

Goh said a product development team of five chefs and culinary arts students took 9 months to come up with the rest of the menu.

“For example, they would meet with our Philippines colleagues, who will shortlist the best restaurants where they will try the dishes and try to replicate the flavours,” she told Reuters.

“Once they’ve developed the product they will send it to the Filipino team to get their feedback, whether it’s authentic enough.”

AirAsia plans to open five outlets this year, and 100 over the next three to five years.

“We decided to own several restaurants but the bigger business would be franchising, really, because we feel we want to harness young entrepreneurial talent around the region who would like to be part of this business,” said Aireen Omar, group president of AirAsia’s non-airline subsidiary RedBeat Ventures.

Aireen said AirAsia’s digital business, focused on e-commerce and lifestyle offerings, has the potential to overtake its airline business.

AirAsia embarked on a diversification drive to become an asset-light, digitally focused firm after the $1 billion sale of its leasing business in March 2018.

Its non-airline businesses include financial services BigPay, and travel and lifestyle arm AirAsia.com, which Fernandes said are targeted to be earnings positive in 2021 and next year, respectively.


Company: cnbc, Activity: cnbc, Date: 2019-12-04
Keywords: news, cnbc, companies, business, try, kuala, lumpur, airasias, team, airplane, serving, airasia, food, santan, restaurants, group, inflight, restaurant


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McDonald’s is testing a chicken sandwich

McDonald’s is entering the chicken sandwich wars. The chain is testing a Crispy Chicken Sandwich in Houston and Knoxville, Tennessee. McDonald’s franchisees have asked for a Southern-style chicken sandwich as Chick-fil-A’s threat to their business grows. But the Chicago-based chain has not tested anything similar to Chick-fil-A’s chicken sandwich since 2018, when it tested the Ultimate Chicken Sandwich in more than 160 locations in Washington state. Chick-fil-A’s chicken sandwich has helped the


McDonald’s is entering the chicken sandwich wars.
The chain is testing a Crispy Chicken Sandwich in Houston and Knoxville, Tennessee.
McDonald’s franchisees have asked for a Southern-style chicken sandwich as Chick-fil-A’s threat to their business grows.
But the Chicago-based chain has not tested anything similar to Chick-fil-A’s chicken sandwich since 2018, when it tested the Ultimate Chicken Sandwich in more than 160 locations in Washington state.
Chick-fil-A’s chicken sandwich has helped the
McDonald’s is testing a chicken sandwich Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-12-02  Authors: amelia lucas
Keywords: news, cnbc, companies, sales, little, chicken, tested, chain, testing, restaurants, locations, mcdonalds, sandwich, restaurant


McDonald's is testing a chicken sandwich

McDonald’s is entering the chicken sandwich wars.

The chain is testing a Crispy Chicken Sandwich in Houston and Knoxville, Tennessee. The sandwich features a fried chicken filet served on a buttery potato roll, topped with butter and pickles. A deluxe version also includes tomatoes, lettuce and mayo.

The chain on Sunday teased the test, which will run from Dec. 2 through Jan. 26, according to a McDonald’s spokesperson.

“Houston. Knoxville. Lunch tomorrow? No beef,” the fast-food giant tweeted.

McDonald’s franchisees have asked for a Southern-style chicken sandwich as Chick-fil-A’s threat to their business grows. The board of the National Owners Association, an independent franchisee group, wrote in an email in July that a chicken sandwich should be their top priority.

McDonald’s carries Chicken McNuggets and the McChicken sandwich. This fall, it debuted the Spicy BBQ Chicken Sandwich, a limited-time offer that launched to little fanfare. But the Chicago-based chain has not tested anything similar to Chick-fil-A’s chicken sandwich since 2018, when it tested the Ultimate Chicken Sandwich in more than 160 locations in Washington state.

Popeyes Louisiana Kitchen, which is owned by Restaurant Brands International, has seen great success with its own take on the chicken sandwich. After selling out of the new item in a little more than two weeks in August, the sandwich returned in early November. Thanks to the launch of the sandwich, Popeyes had its best quarter in nearly two decades, reporting U.S. same-store sales growth of more than 10%.

Chick-fil-A’s chicken sandwich has helped the chain become the nation’s third-largest restaurant chain by sales, trailing only McDonald’s and Starbucks. McDonald’s has roughly 14,000 restaurants in the U.S., while Chick-fil-A operated 1,989 stand-alone restaurants and 363 “licensed units,” which are the nontraditional stadium, amusement park and university locations, by the end of 2018.


Company: cnbc, Activity: cnbc, Date: 2019-12-02  Authors: amelia lucas
Keywords: news, cnbc, companies, sales, little, chicken, tested, chain, testing, restaurants, locations, mcdonalds, sandwich, restaurant


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Restaurants don’t get the Black Friday boost you might expect. Here’s why

Black Friday is still expected to be the busiest shopping day of the year. But restaurants don’t necessarily get a spending boost as consumers head out to snag deals. In fact, Black Friday 2018 was only the 14th best restaurant day in the holiday period. Big shopping days like Thanksgiving and Black Friday are days when restaurants tend to not perform as well, relative to a typical Thursday or Friday, the group said. The two worst days of the season for restaurant volume were Christmas Day and T


Black Friday is still expected to be the busiest shopping day of the year.
But restaurants don’t necessarily get a spending boost as consumers head out to snag deals.
In fact, Black Friday 2018 was only the 14th best restaurant day in the holiday period.
Big shopping days like Thanksgiving and Black Friday are days when restaurants tend to not perform as well, relative to a typical Thursday or Friday, the group said.
The two worst days of the season for restaurant volume were Christmas Day and T
Restaurants don’t get the Black Friday boost you might expect. Here’s why Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-11-29  Authors: kate rogers
Keywords: news, cnbc, companies, restaurants, black, portalatin, heres, restaurant, dont, thanksgiving, shopping, likely, expect, days, boost, big, day


Restaurants don't get the Black Friday boost you might expect. Here's why

Black Friday is still expected to be the busiest shopping day of the year. But restaurants don’t necessarily get a spending boost as consumers head out to snag deals.

The NPD Group analyzed receipts from a panel of 150,000 customers nationwide and found that last year the big traditional shopping days were not the highest restaurant volume days. In fact, Black Friday 2018 was only the 14th best restaurant day in the holiday period. The top restaurant day was Saturday, Nov. 17, the weekend before Thanksgiving.

“Everyone has this assumption that because Black Friday is a traditional big brick-and-mortar shopping day that it creates a big boom for restaurant traffic,” said David Portalatin, vice president and food industry advisor for the NPD Group. “I am certain that restaurants that are co-located in shopping malls or are very close to big retail destinations probably have a pretty good day on Black Friday. But it’s just not a big day for the restaurant industry as a whole.”

The dates analyzed by the market research company were Nov. 4, 2018, through Jan. 5, 2019, and include all restaurant categories.

NPD did find that December showed an increase in people eating out after they shopped or ran errands, but it’s likely they would have eaten out anyway during a normal weekend. Big shopping days like Thanksgiving and Black Friday are days when restaurants tend to not perform as well, relative to a typical Thursday or Friday, the group said.

The two worst days of the season for restaurant volume were Christmas Day and Thanksgiving Day.

“The vast majority of us are going to eat Thanksgiving dinner either in our home or in someone else’s home. And guess what happens the day after Thanksgiving? It’s leftovers time,” he said.

But it’s not all bad news for restaurants during the holiday season.

“Holiday is an opportunity for the restaurant space,” Portalatin said. “We find that 46% of consumers this year plan on giving gifts that are intangible gifts, or an experience of some kind, and that 45% of consumers plan on giving gift cards. The number one intangible or experiential gift they want to give is a food and beverage experience.”

Most of the major restaurant stocks have had an uneventful holiday season from early November through January over the past five years as well. The best performer has been Wendy’s, which has a market cap of $5 billion, up over 4%.

But while the stocks may not show it, Portalatin says those that serve beverages like coffee will likely see a boost.

“You are going to find that Starbucks is absolutely jam-packed because people are going to have a lot of beverage-only occasions between meals,” he said. “So you’ll likely find a very long line queued up there for coffee.”


Company: cnbc, Activity: cnbc, Date: 2019-11-29  Authors: kate rogers
Keywords: news, cnbc, companies, restaurants, black, portalatin, heres, restaurant, dont, thanksgiving, shopping, likely, expect, days, boost, big, day


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Cowen upgrades Chipotle and names it a ‘best idea’ for 2020 because of digital sales

A chicken burrito, guacamole, bag of tortilla chips, and a drink are arranged for a photograph at a Chipotle Mexican Grill Inc. restaurant in El Segundo, California, U.S., on Wednesday, July 25, 2018. Fast food Mexican restaurant chain Chipotle is “better, faster” and “stronger” heading into the new year, according to Cowen, who just named the stock one of its best idea of 2020. The firm upgraded shares of Chipotle to outperform from market perform and hiked its price target to $970 per share fr


A chicken burrito, guacamole, bag of tortilla chips, and a drink are arranged for a photograph at a Chipotle Mexican Grill Inc. restaurant in El Segundo, California, U.S., on Wednesday, July 25, 2018.
Fast food Mexican restaurant chain Chipotle is “better, faster” and “stronger” heading into the new year, according to Cowen, who just named the stock one of its best idea of 2020.
The firm upgraded shares of Chipotle to outperform from market perform and hiked its price target to $970 per share fr
Cowen upgrades Chipotle and names it a ‘best idea’ for 2020 because of digital sales Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-11-26  Authors: maggie fitzgerald
Keywords: news, cnbc, companies, best, restaurant, share, idea, cowen, names, sales, chipotle, mexican, upgraded, digital, tortilla, stock, stronger, 2020, upgrades, target, shares


Cowen upgrades Chipotle and names it a 'best idea' for 2020 because of digital sales

A chicken burrito, guacamole, bag of tortilla chips, and a drink are arranged for a photograph at a Chipotle Mexican Grill Inc. restaurant in El Segundo, California, U.S., on Wednesday, July 25, 2018.

Fast food Mexican restaurant chain Chipotle is “better, faster” and “stronger” heading into the new year, according to Cowen, who just named the stock one of its best idea of 2020.

The firm upgraded shares of Chipotle to outperform from market perform and hiked its price target to $970 per share from $800 per share. Chipotle shares closed at $786.51 a share on Monday.


Company: cnbc, Activity: cnbc, Date: 2019-11-26  Authors: maggie fitzgerald
Keywords: news, cnbc, companies, best, restaurant, share, idea, cowen, names, sales, chipotle, mexican, upgraded, digital, tortilla, stock, stronger, 2020, upgrades, target, shares


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Cowen upgrades Chipotle and names it a ‘best idea’ for 2020 because of digital sales

A chicken burrito, guacamole, bag of tortilla chips, and a drink are arranged for a photograph at a Chipotle Mexican Grill Inc. restaurant in El Segundo, California, U.S., on Wednesday, July 25, 2018. Fast food Mexican restaurant chain Chipotle is “better, faster” and “stronger” heading into the new year, according to Cowen, who just named the stock one of its best idea of 2020. The firm upgraded shares of Chipotle to outperform from market perform and hiked its price target to $970 per share fr


A chicken burrito, guacamole, bag of tortilla chips, and a drink are arranged for a photograph at a Chipotle Mexican Grill Inc. restaurant in El Segundo, California, U.S., on Wednesday, July 25, 2018.
Fast food Mexican restaurant chain Chipotle is “better, faster” and “stronger” heading into the new year, according to Cowen, who just named the stock one of its best idea of 2020.
The firm upgraded shares of Chipotle to outperform from market perform and hiked its price target to $970 per share fr
Cowen upgrades Chipotle and names it a ‘best idea’ for 2020 because of digital sales Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-11-26  Authors: maggie fitzgerald
Keywords: news, cnbc, companies, best, restaurant, share, idea, cowen, names, sales, chipotle, mexican, upgraded, digital, tortilla, stock, stronger, 2020, upgrades, target, shares


Cowen upgrades Chipotle and names it a 'best idea' for 2020 because of digital sales

A chicken burrito, guacamole, bag of tortilla chips, and a drink are arranged for a photograph at a Chipotle Mexican Grill Inc. restaurant in El Segundo, California, U.S., on Wednesday, July 25, 2018.

Fast food Mexican restaurant chain Chipotle is “better, faster” and “stronger” heading into the new year, according to Cowen, who just named the stock one of its best idea of 2020.

The firm upgraded shares of Chipotle to outperform from market perform and hiked its price target to $970 per share from $800 per share. Chipotle shares closed at $786.51 a share on Monday.


Company: cnbc, Activity: cnbc, Date: 2019-11-26  Authors: maggie fitzgerald
Keywords: news, cnbc, companies, best, restaurant, share, idea, cowen, names, sales, chipotle, mexican, upgraded, digital, tortilla, stock, stronger, 2020, upgrades, target, shares


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Here’s what restaurants are offering Black Friday deals

More than a third of shoppers are planning to buy restaurant gift cards this holiday season, an NRF survey found. Restaurant chains are offering extra incentives, like freebies or discounts, to convince consumers to buy their gift cards. Here’s where to find deals on restaurant gift cards and discounted food and drinks on Black Friday:Applebee’s: From Black Friday to Cyber Monday, Applebee’s customers who buy a $50 gift card will receive two bonus $10 gift cards. In Northern California and Texas


More than a third of shoppers are planning to buy restaurant gift cards this holiday season, an NRF survey found.
Restaurant chains are offering extra incentives, like freebies or discounts, to convince consumers to buy their gift cards.
Here’s where to find deals on restaurant gift cards and discounted food and drinks on Black Friday:Applebee’s: From Black Friday to Cyber Monday, Applebee’s customers who buy a $50 gift card will receive two bonus $10 gift cards.
In Northern California and Texas
Here’s what restaurants are offering Black Friday deals Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-11-26  Authors: amelia lucas
Keywords: news, cnbc, companies, black, heres, restaurants, card, bonus, receive, gift, offering, customers, cards, restaurant, deals, free, buy


Here's what restaurants are offering Black Friday deals

When most people think of Black Friday deals, they picture discounts on electronics, toys or clothing. But restaurant chains also offer their own deals.

The National Retail Federation is predicting that 11.6 million consumers will likely shop on Black Friday.

More than a third of shoppers are planning to buy restaurant gift cards this holiday season, an NRF survey found. Restaurant chains are offering extra incentives, like freebies or discounts, to convince consumers to buy their gift cards.

Here’s where to find deals on restaurant gift cards and discounted food and drinks on Black Friday:

Applebee’s: From Black Friday to Cyber Monday, Applebee’s customers who buy a $50 gift card will receive two bonus $10 gift cards. In Northern California and Texas, Black Friday customers who buy an adult entree will receive a free Triple Chocolate Meltdown dessert.

Auntie Anne’s: Customers who use their Pretzel Perks app in store will receive a 50 bonus points on their purchase.

The Cheesecake Factory: For every $25 in gift cards purchased from Black Friday to Cyber Monday, customers will receive two Slice of Joy cards good for a free slice of cheesecake in 2020.

Jack in the Box: From Nov. 29 through Dec. 2, Jack in the Box is giving away spicy chicken sandwiches with any purchase through eClub or text subscription.

BurgerIM: Customers who buy any burger from the chain will receive a free meatless Impossible Burger.

Starbucks: Starting Tuesday, customers can buy a sleek gray refill tumbler for $40. Bring it back to a Starbucks cafe during January to receive a free grande brewed coffee or hot tea.

Boston Market: From Black Friday to Jan. 31, customers who buy a $25 gift card get a bonus $5 gift card.


Company: cnbc, Activity: cnbc, Date: 2019-11-26  Authors: amelia lucas
Keywords: news, cnbc, companies, black, heres, restaurants, card, bonus, receive, gift, offering, customers, cards, restaurant, deals, free, buy


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Here are the best analyst calls of the week on Wall Street including Disney and a satellite play

Robert Iger, Chairman and CEO at The Walt Disney Company speaks in Laguna Beach, California, October 22, 2019. Raymond James upgraded the communication satellite provider’s stock after it tanked on the news and said it feels the risk/reward is “interesting.” “The pullback in the oil & gas markets does not appear to be having a meaningful impact on the rental equipment providers. This implies limited near-term downside risk for companies in our coverage group including H&E Equipment Services and


Robert Iger, Chairman and CEO at The Walt Disney Company speaks in Laguna Beach, California, October 22, 2019.
Raymond James upgraded the communication satellite provider’s stock after it tanked on the news and said it feels the risk/reward is “interesting.”
“The pullback in the oil & gas markets does not appear to be having a meaningful impact on the rental equipment providers.
This implies limited near-term downside risk for companies in our coverage group including H&E Equipment Services and
Here are the best analyst calls of the week on Wall Street including Disney and a satellite play Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-11-23  Authors: michael bloom
Keywords: news, cnbc, companies, underlying, stock, best, group, mhz, wall, play, calls, street, equipment, restaurant, auction, fcc, disney, satellite, week, including, analyst, pullback


Here are the best analyst calls of the week on Wall Street including Disney and a satellite play

Robert Iger, Chairman and CEO at The Walt Disney Company speaks in Laguna Beach, California, October 22, 2019. Mike Blake | Reuters

(This story is part of the Weekend Brief edition of the Evening Brief newsletter. To sign up for CNBC’s Evening Brief, click here.) Here are some of the best analyst calls on Wall Street this week:

Raymond James- Intelsat, upgraded to outperform from market perform

In a sharp blow to Intelsat, the FCC announced it planned to conduct a public auction for the company’s C-band spectrum, instead of a private auction. Raymond James upgraded the communication satellite provider’s stock after it tanked on the news and said it feels the risk/reward is “interesting.” “We believe the pullback was first related to speculation, and then confirmation on Monday morning, that the FCC would run a public vs. private auction for 280 MHz (300 MHz including a 20 MHz guard band) of the total 500 MHz in the C Band. Then the other shoe dropped on Monday afternoon when a Senate Bill was introduced echoing the FCC tweets, plus requiring at least 50% of auction gross proceeds be deposited into the U.S. Treasury, with the remainder going to clearing costs and then the satellite companies currently using the band.”

Longbow- Herc Rentals & H&E Equipment Services, Buy ratings

Longbow said in a note to clients this week that construction equipment rental companies are not seeing a “meaningful impact” in their businesses despite the recent “pullback” in the oil and gas markets. The firm said its industry checks showed “healthy underlying demand trends even with the “sharp” reduction in drilling activity. “The pullback in the oil & gas markets does not appear to be having a meaningful impact on the rental equipment providers. Recent checks with industry contacts, located in regions highly levered to fracking/drilling, confirmed healthy underlying demand trends and higher-than-expected fleet utilization levels during CY4Q. This implies limited near-term downside risk for companies in our coverage group including H&E Equipment Services and Herc Rentals.”

Craig-Hallum- Carrols Restaurant Group, Buy rating

Carrols Restaurant Group was initiated with a buy rating by Craig-Hallum this week. The firm told clients the stock is cheap primarily due to what it called a “self-inflicted wound.” The company which is the largest franchisee of Burger King restaurants accidentally ran a double discount promotion over the summer which resulted in $12.4 million in lost sales. “Carrols has suffered from self-inflicted wounds, including an accidental double discount on a promotion from Jun-Aug in 2019 which depressed EBITDA by ~$11M and muddied underlying strength of what has historically been a strong restaurant business. As a result, the stock is now valued at a 30-40% discount to peers, almost like ‘it’s going out of business.’ We think management is not only righting the business but has an under-appreciated and significant opportunity to accelerate growth, boost profitability and see a material upward revaluation of the stock.”

Bernstein- Disney, market perform rating


Company: cnbc, Activity: cnbc, Date: 2019-11-23  Authors: michael bloom
Keywords: news, cnbc, companies, underlying, stock, best, group, mhz, wall, play, calls, street, equipment, restaurant, auction, fcc, disney, satellite, week, including, analyst, pullback


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Borat actor: Facebook, Google, YouTube and Twitter are ‘the greatest propaganda machine in history’ for hate groups

The speech comes as Big Tech companies are under increasing scrutiny from governments on antitrust and privacy matters and abuse of their platforms. Several U.S. presidential candidates, led by Elizabeth Warren, have called for Facebook and other tech companies to be broken up. Facebook, YouTube and Google, Twitter and others — they reach billions of people. Baron Cohen was particularly critical of Facebook CEO Mark Zuckerberg, who recently promoted freedom of speech to students at Georgetown Un


The speech comes as Big Tech companies are under increasing scrutiny from governments on antitrust and privacy matters and abuse of their platforms.
Several U.S. presidential candidates, led by Elizabeth Warren, have called for Facebook and other tech companies to be broken up.
Facebook, YouTube and Google, Twitter and others — they reach billions of people.
Baron Cohen was particularly critical of Facebook CEO Mark Zuckerberg, who recently promoted freedom of speech to students at Georgetown Un
Borat actor: Facebook, Google, YouTube and Twitter are ‘the greatest propaganda machine in history’ for hate groups Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-11-21  Authors: matt rosoff
Keywords: news, cnbc, companies, speech, machine, greatest, cohen, companies, ceo, tech, propaganda, groups, restaurant, facebook, google, hate, youtube, history, twitter


Borat actor: Facebook, Google, YouTube and Twitter are 'the greatest propaganda machine in history' for hate groups

British comedian Sacha Baron Cohen blamed tech giants Facebook, Google and Twitter and their leaders for giving a megaphone to hate groups and allowing lies to proliferate, in a blistering speech before the Anti-Defamation League on Thursday.

Baron Cohen is best known for his lead roles in “Borat,” about a documentary filmmaker supposedly from Kazakhstan, and “Da Ali G Show,” a satirical TV series. His style is to trick real people into interviews and steer them into revealing their own biases, sometimes using offensive language and scenarios.

The speech comes as Big Tech companies are under increasing scrutiny from governments on antitrust and privacy matters and abuse of their platforms. Several U.S. presidential candidates, led by Elizabeth Warren, have called for Facebook and other tech companies to be broken up.

Meanwhile, the companies have been grappling with how to handle political advertising ahead of the 2020 presidential election, with Facebook taking a lenient stance and allowing political ads with false claims, and Twitter opting to ban all political ads.

In his speech before the ADL, a group that fights anti-Semitism, Baron Cohen noted that hate groups and divisive rhetoric are rising all around the world, and he blamed Big Tech for providing “the greatest propaganda machine in history.”

“Think about it. Facebook, YouTube and Google, Twitter and others — they reach billions of people. The algorithms these platforms depend on deliberately amplify the type of content that keeps users engaged — stories that appeal to our baser instincts and that trigger outrage and fear. It’s why YouTube recommended videos by the conspiracist Alex Jones billions of times. It’s why fake news outperforms real news, because studies show that lies spread faster than truth. And it’s no surprise that the greatest propaganda machine in history has spread the oldest conspiracy theory in history — the lie that Jews are somehow dangerous.”

Baron Cohen was particularly critical of Facebook CEO Mark Zuckerberg, who recently promoted freedom of speech to students at Georgetown University. He responded to several points in Zuckerberg’s talk, including the idea that Facebook should not police speech for fear of causing a crackdown on free expression.

“If a neo-Nazi comes goose-stepping into a restaurant and starts threatening other customers and saying he wants [to] kill Jews, would the owner of the restaurant be required to serve him an elegant eight-course meal? Of course not! The restaurant owner has every legal right and a moral obligation to kick the Nazi out, and so do these internet companies.”

Facebook should be regulated like any other publisher, and there should be some sort of automated pause between the time material is uploaded and when it actually appears online, Baron Cohen said, so that violent videos are not automatically allowed online. He continued:

“There is such a thing as objective truth. Facts do exist. And if these internet companies really want to make a difference, they should hire enough monitors to actually monitor, work closely with groups like the ADL, insist on facts and purge these lies and conspiracies from their platforms.”

Baron Cohen also coined the term, “The Silicon Six,” referring to the leaders of these companies, including Zuckerberg, Twitter CEO Jack Dorsey, and four executives from Alphabet: Co-founders Larry Page and Sergey Brin, Google CEO Sundar Pichai, and YouTube CEO Susan Wojcicki.

Facebook, Google, YouTube, and Twitter did not immediately return requests for comment.

Read the speech here.

WATCH: Facebook co-founder Chris Hughes calls for the breakup of the company


Company: cnbc, Activity: cnbc, Date: 2019-11-21  Authors: matt rosoff
Keywords: news, cnbc, companies, speech, machine, greatest, cohen, companies, ceo, tech, propaganda, groups, restaurant, facebook, google, hate, youtube, history, twitter


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Why White Castle isn’t a fast-food giant

If you’ve ever eaten a hamburger at a fast-food restaurant, White Castle deserves at least some of the credit. It’s also widely regarded as the first fast-food hamburger chain in the United States. White Castle started in 1921 in Wichita, Kansas — decades before competitors McDonald’s or Restaurant Brands International’s Burger King arrived on the scene. Today, there are about 370 White Castle restaurants in 13 states. Throughout its nearly 100-year history, White Castle has been opposed to fran


If you’ve ever eaten a hamburger at a fast-food restaurant, White Castle deserves at least some of the credit.
It’s also widely regarded as the first fast-food hamburger chain in the United States.
White Castle started in 1921 in Wichita, Kansas — decades before competitors McDonald’s or Restaurant Brands International’s Burger King arrived on the scene.
Today, there are about 370 White Castle restaurants in 13 states.
Throughout its nearly 100-year history, White Castle has been opposed to fran
Why White Castle isn’t a fast-food giant Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-11-19  Authors: marilyn haigh
Keywords: news, cnbc, companies, isnt, chain, model, hamburger, restaurant, fastfood, castle, white, giant, restaurants, ownership, small


Why White Castle isn't a fast-food giant

If you’ve ever eaten a hamburger at a fast-food restaurant, White Castle deserves at least some of the credit.

The Columbus, Ohio-based chain is famous for its cheap, small burgers. It’s also widely regarded as the first fast-food hamburger chain in the United States.

White Castle started in 1921 in Wichita, Kansas — decades before competitors McDonald’s or Restaurant Brands International’s Burger King arrived on the scene. White Castle laid the groundwork for those chains, and it played a key role in making the hamburger synonymous with American cuisine.

McDonald’s and Burger King grew quickly, from regional, to national, to international chains in a matter of decades. White Castle, on the other hand, stayed small. Today, there are about 370 White Castle restaurants in 13 states.

Throughout its nearly 100-year history, White Castle has been opposed to franchising its business, a mechanism that fueled other fast-food companies’ growth.

CEO Lisa Ingram is the fourth generation of her family to run the chain. She acknowledged that other business models would have led to faster growth.

“But you have to give up control and you have to give up the ownership of the customer and the ownership of the team member,” she said. “And that’s just not something that we have ever really been interested in doing.”

White Castle is testing the waters outside its Midwest and Northeast stronghold, with restaurants in Nevada, Arizona and China. The restaurants in Nevada are licensed, but White Castle said that won’t be its model for future growth.

“We still keep coming back to [the fact] that this model has worked well for us for almost 100 years and that we believe it’s a good model for us to continue into the future,” Ingram said.

Watch more:


Company: cnbc, Activity: cnbc, Date: 2019-11-19  Authors: marilyn haigh
Keywords: news, cnbc, companies, isnt, chain, model, hamburger, restaurant, fastfood, castle, white, giant, restaurants, ownership, small


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Burger King to launch meatless burgers across Europe and test more Impossible burgers in the US

In this photo illustration, the new Impossible Whopper sits on a table at a Burger King restaurant on August 8, 2019 in Brooklyn, New York. The Restaurant Brands International chain announced on Monday plans to launch a vegetarian burger in more than 20 markets across Europe. Burger King first launched the Rebel Whopper and another meatless sandwich, the Rebel Chicken King, in Sweden earlier this year. In the United States, the burger chain will test substituting beef patties with Impossible pat


In this photo illustration, the new Impossible Whopper sits on a table at a Burger King restaurant on August 8, 2019 in Brooklyn, New York.
The Restaurant Brands International chain announced on Monday plans to launch a vegetarian burger in more than 20 markets across Europe.
Burger King first launched the Rebel Whopper and another meatless sandwich, the Rebel Chicken King, in Sweden earlier this year.
In the United States, the burger chain will test substituting beef patties with Impossible pat
Burger King to launch meatless burgers across Europe and test more Impossible burgers in the US Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-11-11  Authors: amelia lucas
Keywords: news, cnbc, companies, king, launch, burger, whopper, patties, rebel, restaurant, europe, impossible, test, kings, meatless, burgers, brands


Burger King to launch meatless burgers across Europe and test more Impossible burgers in the US

In this photo illustration, the new Impossible Whopper sits on a table at a Burger King restaurant on August 8, 2019 in Brooklyn, New York.

Burger King is doubling down on meatless burgers.

The Restaurant Brands International chain announced on Monday plans to launch a vegetarian burger in more than 20 markets across Europe. The Rebel Whopper, made with patties from Unilever-owned The Vegetarian Butcher, will be available in more than 2,400 European locations Tuesday.

Burger King first launched the Rebel Whopper and another meatless sandwich, the Rebel Chicken King, in Sweden earlier this year.

In the United States, the burger chain will test substituting beef patties with Impossible patties in its Whopper Jr. burgers and signature hamburgers. The company said 180 restaurants in Milwaukee, Cedar Rapids, Augusta, Cincinnati and Buffalo will test the extended Impossible burger line.

Thanks in part to the success of the Impossible Whopper, Burger King’s U.S. same-store sales grew by 5% during its third quarter, its largest jump since 2015.

“The Impossible Whopper is a huge hit with our guests and has quickly become one of the most successful product launches in Burger King’s history,” Restaurant Brands CEO Jose Cil told analysts on the company’s conference call in October.

Cil also said on the call that the company is working on meatless products for Latin America and Asia as well.

Burger King’s announcement comes as some of its biggest competitors have been slower to jump on the meat alternative trend. McDonald’s is testing a burger made with Beyond Meat patties at select locations in Ontario, Canada, while Wendy’s is testing black-bean burgers.

Restaurant Brands’ stock, which has a market value of $31 billion, is up 28% so far this year. Shares of McDonald’s, valued at $148 billion, have risen 8% in the same period, while Wendy’s stock, which has a market value of $5 billion, has jumped 33% year to date.


Company: cnbc, Activity: cnbc, Date: 2019-11-11  Authors: amelia lucas
Keywords: news, cnbc, companies, king, launch, burger, whopper, patties, rebel, restaurant, europe, impossible, test, kings, meatless, burgers, brands


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