The crazy chicken is coming to Wall Street.
If you're not from the West, you may not have heard of El Pollo Loco. But if you're an investor, you may smell something juicy cooking this week.
El Pollo Loco, which specializes in Mexican-style grilled chicken, is expected to begin trading Friday.
The restaurant chain is aiming to raise $107 million in an initial public offering of more than 7.1 million shares priced at $15, the company said Thursday. That is at the upper end of its previously-announced range. El Pollo Loco plans to list its stock under the ticker "LOCO" on Nasdaq.
McDonald's corporate headquarters near Chicago looks like a ghost town.
On the site where fast-food workers planned a wage protest Wednesday, McDonald's confirmed the closing of its headquarters, which was to be the demonstrators' focal point.
"The building where the protestors told the police they were visiting is the building the police advised us to close in advance for security and traffic purposes," said McDonald's spokeswoman Lisa McComb.
Steve Mills, who operates a remote truck for CNN, confirmed that the parking lot at McDonald's headquarters was empty except for about "5 cars."
Darden Restaurants inked a $2.1 billion deal on Friday to unload its struggling Red Lobster business to Golden Gate Capital.
Golden Gate may be able to inject some new life into Red Lobster, but the deal is likely to rile up Darden investors. Shares fell nearly 3% in early trading.
U.S. banana producer Chiquita Brands International and Ireland's Fyffes have agreed to merge and create the world's largest banana company.
The combined company, to be known as ChiquitaFyffes, is set to displace privately-held Dole from the No. 1 spot.
Coca-Cola - the world's ubiquitous brown fizzy drink - is staying afloat as the soda market shrinks, and many point to a marketing strategy around the so-called "secret recipe" as key to its resilience in a struggling industry.
The Coca-Cola Company, which published its full year result Tuesday, recorded a 5% drop in net income to $8.6 billion last year, down from $9 billion in 2012, as it faced "ongoing global macroeconomic challenges," according to its chief executive Muhtar Kent.
Volume grew 2% for the year, which it said was "below our expectations and long-term growth target," with sparkling beverages recording a slight increase of 1% - led by Coca-Cola.
Globally, soda drink sales have been shrinking as consumers turn to water, fruit drinks and healthier alternatives. The trend has hit Coke and other market players such as PepsiCo and Dr. Pepper. And while its primary competitor, PepsiCo, depends on its snack business to buoy the declining soda sales, Coke announced further investment into its marketing.
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