The price of arabica coffee beans climbed to a 32-month high in early October, continuing a months-long upward trend that has driven up costs for coffee retailers and consumers just […]
McDonald’s announced this month the retirement of CEO Don Thompson. Thompson, a 25-year company veteran who served as president and CEO for nearly three years, will be succeeded on March 1 by Steve Easterbrook, chief brand officer and former head of the company’s UK and European businesses. Thompson’s departure comes on the heels of fourth-quarter declines in sales and revenue across many of the company’s segments and an overall difficult financial year. Concurrent to the CEO change, McDonald’s corporate controller Kevin Ozan assumed the CFO role from Pete Bensen, who was named chief administrative officer.
January 19, 2015
In an update last week, D&B Editor Diane Ramirez discussed how Purdue University‘s revenue increased 1% in 2013 to $1.5 billion as a result of higher student fee rates and a rise in federal grants; however, those increases were partially offset by a decline in county grants as well as an overall decline in student enrollment. Net income also skyrocketed 67% to $227 million that year as investment returns increased. The Boilermakers’ primary sources of income include student tuition and fees. The school also attracts more than $450 million in research funding each year from a variety of sources including government agencies, foundations, and corporate partners. Follow Diane on Twitter.
January 26, 2015
The number of hotels that require guests to pay for Internet service is declining as more consumers regard Wi-Fi as a necessary amenity rather than a luxury add-on. Only 11 percent of US hotels still charge fees for basic in-room web access, compared to 23 percent in 2012, according to a new survey by the American Hotel & Lodging Association. A 2014 hotel survey found that hotel guests now consider free Wi-Fi to be the most important in-room amenity, ranking it ahead of showers, TVs, and air-conditioning. For more industry trends, see our Hotels, Motels & Resorts industry profile.