Kate Taylor, provided by Published 12:44 pm PDT, Sunday, October 7, 2018 Hollis Johnson/Business Insider Arby's parent company, Inspire Brands, announced plans to acquire burger chain Sonic in a $2.3 billion deal on September 25. With the deal, Inspire Brands' portfolio — which also includes Buffalo Wild Wings and Rusty Taco — will comprise more than 8,000 locations with combined system sales exceeding $12 billion. Here's how the new restaurant empire is shaping up. Arby's parent company Inspire Brands is creating a fast-food empire. On September 25, Inspire Brands announced it would be acquiring burger chain Sonic for $2.3 billion, including debt. The deal follows Inspire Brands — which is majority owned by private-equity firm Roark Capital — closing on a deal to acquire Buffalo Wild Wings and Rusty Taco earlier this year. "We like brands that are great brands, that have gone through a period of great success, and may be in … [Read more...] about Arby’s former CEO is building a fast-food empire
Mark Sherman, Associated Press Updated 1:35 pm PDT, Sunday, October 7, 2018 The U.S. Supreme Court is seen at sunset in Washington, Thursday, Oct. 4, 2018. The U.S. Supreme Court is seen at sunset in Washington, Thursday, Oct. 4, 2018. Photo: Manuel Balce Ceneta, AP Supreme Court nominee Brett Kavanaugh testifies before the Senate Judiciary Committee on Capitol Hill in Washington, Thursday, Sept. 27, 2018. Supreme Court nominee Brett Kavanaugh testifies before the Senate Judiciary Committee on Capitol Hill in Washington, Thursday, Sept. 27, 2018. Photo: Andrew Harnik, AP Jessica Campbell-Swanson, an activist from Denver, sits in the lap of a sculpture known as the Statue of Contemplation of Justice on the steps of the Supreme Court Building where she and others protested the confirmation of Brett Kavanaugh as the high court's newest justice, … [Read more...] about Supreme Court moves right, but how far, how fast?
Jennifer Ortakales, provided by Published 8:00 am PDT, Sunday, October 7, 2018 Shutterstock Startups can be just as risky as they are promising — 20% of small businesses fail in just their first year. But Reid Hoffman, venture capitalist and co-founder of LinkedIn, has a method for success that bucks tradition. "Blitzscaling," as Hoffman calls it in his new book, means prioritizing speed over efficiency in the face of uncertainty. The method requires taking risks in a "do-or-die" environment, but promises competitive advantage. Startups carry unavoidable risk — small businesses have a 20% chance of failing in their first year, and a 50% chance after five years. The idyllic story of a Silicon Valley startup — beginning with just a few employees in a garage and consistently scaling over time until it's a major company with hundreds of workers — is the anomaly, not the prototype. Most businesses don't experience the same trajectory, and a … [Read more...] about LinkedIn co-founder Reid Hoffman shares his secret for fast growth and getting ahead of the competition
The sound of Rainbow Kitten Surprise, or RKS, as their fans call them, is hard to define. That's just how they like it. "I mean, I think we just move fast," said Sam Melo, one of the band's founders. Success has come fast, too. The band came together at Appalachian State College in Boone, North Carolina, after Melo and Darrick "Bozzy" Keller released an EP in 2013. "It was just the people in the dorm listening to it, but that alone is nine floors of like 18 year old kids who are just abuzz. You know it just like – it got lit really quickly," Melo said. They filled out their group with three schoolmates from their dorm, Ethan Goodpaster, Jess Haney and Charlie Hoyt. "We developed a lot through the live show, like we were playing these songs in bars with nothing except our guitars and our voices and we were selling it," Hoyt said. But before one open mic night, they realized they needed a name. They turned to a close friend who'd just been through a tough … [Read more...] about Rainbow Kitten Surprise on their fast road to fame and unforgettable name
By Adam Zuvanich Updated 11:58 pm CDT, Friday, October 5, 2018 Mathew Salazar’s high school career is off to a fast start, and the same could be said of his sophomore season. Never before had Burbank’s speedy young running back started a game as fast as he did Friday night. Salazar sprang for a 58-yard touchdown run on the first play from scrimmage at Alamo Stadium, giving the Bulldogs all the points they needed in a 27-0 win against Jefferson. “That was exciting,” Salazar said. "It set the tone a little bit. It gave me a lot more confidence to try different things I’ve never tried before.” Big games have quickly become commonplace for the 5-foot-9, 185-pound Salazar, who racked up 198 yards in the final regular-season game of his freshman season. He finished with a season-high 191 yards on 21 carries Friday, when he had his fifth consecutive 100-yard game. Salazar has led Burbank (4-2, 3-1 District 13-5A-I) to its best start since … [Read more...] about Salazar starts fast as Burbank routs Jefferson