NEW YORK In the largest one-day point decline since late September 2001, the Dow Jones Industrial Average fell 416 points, or 3.3 percent, to close Tuesday at 12,216.24, and the restaurant sector declined along with it in late afternoon trading...

PORT WASHINGTON N.Y. Quick-service breakfasts and specialty coffees helped to put 4 percent more dollars in restaurant tills during December than the industry collected during the same period of a year earlier, on a 3-percent rise in industrywide...

MANHATTAN BEACH Calif. Brian Tademy has been appointed vice president of marketing and Larry Hohl has been named vice president of operations for smoothie franchising company Robeks Corp. Tademy was previously field marketing director for a...

ATLANTA Rare Hospitality International Inc. has agreed to sell its 31-unit Bugaboo Creek Steakhouse chain to a holding of Trimaran Capital Partners, the private-equity owner of the Charlie Brown’s steakhouse group, for $28 million.The deal is...

Reports about the decline of traditional radio as an effective advertising medium have not been greatly exaggerated. The news just hasn’t reached the restaurant industry, which still considers radio alive and kicking.Overall radio revenue was flat...