Subway CEO: 'Our owners have not done the right thing'
May 9th, 2014
12:45 PM ET
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Subway CEO Fred DeLuca said this week that "there's no excuse" for workers being paid improperly.

His remarks come after CNNMoney published an investigative report last week detailing how Subway is the fast food chain with the most wage and hour violations.

From 2000 to 2013, Subway stores racked up more than 17,000 Fair Labor Standards Act violations, including failure to pay its employees the proper overtime rate, according to our analysis of data collected by the Department of Labor's Wage and Hour Division.
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Filed under: Fast Food • Food Politics • Human Rights • Labor Issues • Restaurants • Service • Subway


Mass shrimp deaths mean jumbo prices
August 16th, 2013
01:30 PM ET
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Shrimp prices are skyrocketing to all-time highs, amid a disease that's plaguing the three largest prawn producers: Thailand, China and Vietnam. White shrimp prices are nearing $6 a pound, up 56% from a year ago, according to an Urner Barry index.

Interestingly though, the Cadillac of crustaceans is cheaper than it's been in a long time. Lobster prices, while still a lot higher than shrimp, have fallen recently. But more about that later.
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Beef prices moo-ve on up
December 14th, 2012
10:30 AM ET
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Your hamburger could cost more in 2013.

Global beef prices are expected to rise to record highs in 2013, according to Rabobank, a Dutch financial firm with a focus on agriculture. Their analysts point to the "lethargic world economy," and a beef supply that has largely remained flat for six years straight.

In the United States alone, beef production is expected to decline significantly in 2013, whether or not droughts in the Midwest continue.

Even if more rain restores pastures next year, beef production could be down as much as 9%, said David Nelson, a Rabobank analyst. "This is because ranchers would then hold back young females (heifers) for breeding to expand, instead of sending them to the market," he said.

Read the full story on CNN Money: Beef prices may hit record high in 2013



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