Australia cracks down on visas for fast food industry

Australia will largely end granting visas to foreign workers to fill jobs in the fast food industry, the nation’s immigration minister has said. Since 2012, more than 500 foreign staff have been granted a visa – known as 457 – to work at businesses including McDonald’s, KFC and Hungry Jack’s.

Restaurant Brands Reportedly Lost Interest in Popeyes

Restaurant Brands had reportedly pursued a potential takeover of rival fast-food chain Popeyes Louisiana Kitchen months ago, but has since lost interest, the New York Post reports. Yesterday Reuters reported that the Canada-based owner of Burger King and Tim Hortons was currently in discussions about a possible acquisition.

Labor nominee Puzder’s confirmation hearing delayed a fourth time

Amid mounting opposition from Democrats and labor groups, the confirmation hearing for labor secretary nominee and fast-food chief executive Andrew Puzder has been delayed a fourth time. A new hearing date will not be set until the Senate receives key paperwork laying out Puzder’s financial disclosures and detailing his plan for avoiding future conflicts of interest, according to an aide for Sen. Lamar Alexander , the chairman of the Senate Committee on Health, Education, Labor and Pensions.

Top Fast Food Stocks to Buy in 2017

As the dining industry has evolved in recent years, fast-food chains have endured more than their fair share of challenges. But despite the proliferation of competing concepts, changing consumer preferences, and even food-quality scares, fast food always seems to find a way to survive and thrive thanks to its unrivaled value and relative convenience.

Popeyes Ad With Football Legend Jerry Rice Being Fried on Social Media for Racial Overtones

An advertisement that resonates with consumers can do wonders for a company, but the opposite also holds true for ads that miss the mark as fried chicken fast-food chain Popeyes Louisiana Kitchen is finding out this week. An ad from the company, which features NFL Hall of Fame wide receiver Jerry Rice wearing a helmet with a rotating face mask made of fried chicken, is causing a stir on social media.

Yum! Brands May Benefit From Bringing Taco Bell Staples to China

The U.S. restaurant company’s Chinese spin-off is introducing the Mexican’s fast-food chain’s Doritos Locos Tacos and Fire Sauce, and the strategy could drive revenue. Yum China Holdings , which was spun off last year from Yum! Brands ‘ , has unveiled plans to bring Taco Bell’s Doritos Locos Tacos and the popular Fire Sauce to China.

Domino’s CEO: We Aren’t Just the Delivery Guys

For Domino’s Pizza , a good part of 2017 will likely be spent on getting people to think about the brand as more than just one that delivers hot pizzas to your house. “While people still think of us as the delivery guys, the reality is that one-third of our business is done on-premise,” explained Domino’s CEO Patrick Doyle in an interview with TheStreet .

Fast-Food Stocks: What to Watch in 2017

The past year has been a difficult one for the restaurant industry, and the fast-food category has not been exempt. Fewer people are eating out overall, and in Q3, according to the most recent data available from NPD Group , that trend began to hurt quick serverestaurants .