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.
As Hurricane Isaac continues to pound the Gulf Coast with rain and wind, meteorologists say the storm could provide some much-needed hydration in parts of the country hit hard by drought.
Isaac will bring "soaking downpours" to parts of Arkansas, Missouri and other Central states into the weekend, according to AccuWeather.
Starbucks is getting into the bread business.
The Seattle-based coffee chain announced plans Monday to buy San Francisco-based Bay Bread and its La Boulange bakery brand for $100 million.
"This is an investment in our core business," said Howard Schultz, Starbucks chief executive, in a conference call with financial analysts. "After more than 40 years, we will be able to say that we are bakers too."
Schultz said one-third of Starbucks transactions include the purchase of a food item. Food now accounts for $1.5 billion in sales at U.S. company-operated Starbucks stores and has grown sharply in recent years, he added.
Starbucks will create a "new methodology" to produce fresh baked items, Schultz said without elaborating.
Read - Starbucks: 'We are bakers too'
Ronald McDonald, the orange and white face of the popular fast-food chain that bears his name, is under attack by nutrition advocates who want him to be retired.
Their beef, so to speak, is that McDonald's uses clowns and toys to sell unhealthy food to impressionable children. The company argues that its marketing practices are responsible, and that its food is "high quality."
The push to retire Ronald is being led by a group called Corporate Accountability International, which plans to introduce a resolution calling for the clown's ouster at the company's annual shareholder meeting Thursday.
Read - Junk food foes to McDonald's: Retire Ronald!
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