The fast-food chain's parent wants it to cook up revenues of $14 billion by 2021. Some analysts think that's doable.
The company is trying to become less smutty and more aspirational. Can this new formula keep the house that Hefner built financially and culturally viable?
Can Playboy Enterprises successfully retool its image and its business model?
It's a whole different world since Hugh Hefner's ground-breaking magazine with nude centerfolds helped usher in the so-called Sexual Revolution of the 1960s.
In recent years, with a rapidly changing culture and the availability of sexual content nearly everywhere on the Internet, it appeared the whole once-hip "Playboy Lifestyle" marketed by the company had become as passé as an old Rat Pack movie.
So, Playboy is facing twin challenges: to remain both culturally relevant and financially viable in a fast-changing world.
Emails from CEO Ron Johnson show a Machiavellian streak in wooing Martha Stewart. Macy's should 'pick up their toys and go home,' he wrote.
Macy's is trying to show that Johnson (pictured), a former Apple (AAPL) executive, schemed to lure domestic diva Martha Stewart away from her long-standing merchandising deal with the department store.
Johnson's emails paint him as gloating over his score against Macy's, reports The New York Post. Macy's attorneys are trying to prove that Johnson had a scheme to trick Macy's CEO Terry Lundgren into dropping its Stewart products.
"We put Terry in a corner," Johnson wrote to Bill Ackman, a hedge-fund manager and a major shareholder of Penney's, the day after he announced a $200 million licensing deal with Stewart.
After protests, one fashion company replaces models with sailboats and says 'women are not to be flaunted.'
Some Pakistani fashion houses are avoiding using women in their advertisements after campaigners last year blacked out images of models on billboards.
It might be hard for Americans to picture how a fashion company can demonstrate the beauty of its clothing without models, but one Pakistani line says it's using sailboats to get the message across, according to the U.K.'s Telegraph.
How? The vessels' sails are made from their new "lawn prints," or lightweight fabrics worn in summer. Gusts of wind puff out the sails, with their colorful patterns glinting under a blue sky.
"We feel that women are not to be flaunted across the city on billboards," Nadir Khan, customer relations manager of J Lawn, told the Telegraph.
The filing alleges that the cruise company knew about engine problems before a fire left its Triumph liner stranded for days.
A class-action lawsuit filed by passengers days after the ship was towed to its dock in Mobile, Ala., last week should have been a little easier to foresee.
CNN reported Thursday that Triumph passengers Matt and Melissa Crusan of Oklahoma filed suit on behalf of other passengers earlier this week in federal court. The suit claims that Carnival "knew or should have known that the vessel Triumph was likely to experience mechanical and/or engine issues because of prior similar issues."
The owner of a peanut butter company and 3 other former employees face criminal charges in connection with the 2009 incident.
A federal grand jury has indicted Parnell (pictured), who owned the Peanut Corp. of America, along with his brother and two other former employees. The company is considered to be ground zero for a 2009 salmonella outbreak that killed nine people and made hundreds of others ill, according to The Associated Press.
The indictment charges the four employees with numerous offenses, including conspiracy, wire fraud and obstruction of justice. Parnell's company has gone bankrupt after several lawsuits from salmonella victims.
It's blaming a weak outlook on consumers cutting back. But then why are so many of its retailing rivals doing just fine?
When the U.S. economy started to tank, the Bentonville, Ark., company's low prices attracted cash-strapped consumers. But now, as the economy continues to rebound, consumers may be less worried about prices and more attuned to other aspects of their shopping experience such as customer service, which has never been a forte of Wal-Mart.
According to Wal-Mart, many people continue to struggle because of the rise in the payroll tax and delays in getting tax refunds from the IRS.
Consumers like crunchy cereal, but not when the extra texture is from harmful shards. The recall involves 36,000 boxes sold nationwide.
The finding of glass fragments has prompted Kellogg (K) to recall some Special K Red Berries cereal, a version of the classic cereal that includes "deliciously sweet strawberries." It's geared toward health-conscious consumers, who presumably wouldn't view cut lips as a health benefit.
The recall involves 36,000 boxes and three sizes of the product, which had been distributed across the U.S. to some grocery stores, Reuters reports. No injuries have been reported, the company said.
Kellogg didn't say how the glass was found or what caused the problem, but it's the second grocery-store product to encounter a recall due to glass this month alone.
The Academy Awards yield riches every year for the caterers, limousine drivers, hair stylists and many others who support the movie industry.
The Oscar trophies handed out at the upcoming Academy Awards cost about $400 each to produce and weigh 8.5 pounds. Their economic weight, however, has a huge impact all across Hollywood and its environs, benefiting a wide spectrum of businesses that serve the movie and entertainment industries.
Analysts say Oscar time injects tens of millions of dollars each year into local businesses and economies in LaLa Land -- some estimates run to $130 million -- pumping cash into everything from hotels to catering to transportation.
In Los Angeles ahead of the Oscars, bubbles Britain's Sky News, “hotel vacancies become non-existent despite massively escalated rates. Restaurants book up and caterers pour out case upon case of the good bubbly. Neither love nor money will hire a town car or limo this week if you didn't book months ago."
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The telecom giant has stealthily added a 61-cent 'administrative' charge, which will add up to millions in revenue.
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[BRIEFING.COM] The S&P 500 is off by 0.3% as the index continues its slow climb off opening lows. The Nasdaq also trades with a loss of 0.3% while the Dow is off by 0.2% as the relative strength of Procter & Gamble (PG 81.77, +3.07) contributes to the outperformance of the blue chip average.
Only one other index component, Wal-Mart (WMT 77.18, +0.85), trades with a gain of more than 1.0%.
Both Procter & Gamble and Wal-Mart are members ... More
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