The Big Apple

Dawnay, Day sheds directors from hotels arm

Shore Capital steps in to manage former Paramount Hotel empire as Guy Naggar and Peter Klimt resign as directors

Downturn and Europe boost McDonald's profit

World's largest restaurant chain turns a loss into a second quarter profit as consumers search out cheaper meals

Enterprise suffers as it helps out pub tenants

Tenanted pub operator profits under pressure from sharply declining beer volumes and the need to provide financial support

English entrepreneur to buy Real Mallorca

Paul Davidson aka "the Plumber" to take over football team Real Mallorca for around £50m to boost Spanish business

Enterprise Inns plunges on revenue fears

Pub group admits trading is 'subdued' with double-digit declines in beer volumes affecting the UK leisure industry

Domino's Pizza delivers large rise in profits

The UK's biggest pizza delivery company has benefited from the middle-classes trading down from restaurants to takeaways

Indy and Transformers are heroes for Hasbro

America's second-largest toy company said second-quarter profits rose to $37.5 million from $4.8 million a year earlier

Icahn wins three seats in Yahoo! boardroom

Jerry Yang, chief executive of Yahoo!, averted a boardroom coup by offering three board seats to billionaire Carl Icahn

Fairground attraction’s snap buyout

Picsolve, which runs camera installations at London Eye and Alton Towers, has been bought by Fidelity Equity Partners

Goldman Sachs gears up for F1 debentures

Ticket sales are not enough to help promoters of the British Grand Prix fund modifications needed at Donington

RBS takes charge of care-home bail-out

Bank will lead rescue of Four Seasons after Qataris abandon attempts to save £1.3 billion group

William Hill seeks new web boss

The bookmaker has called in a headhunter in the search for an internet executive to take charge of its online relaunch

Jongleurs approach obviously a matter of good timing

The list of those who made their names at Jongleurs reads like a Who's Who of modern British comedy

Luminar makes approach for Jongleurs owner

Regent Inns, owner of Walkabout and Jongleurs, received an informal bid approach from Britain's biggest nightclub company

Major industrial research meets luxury goods

Will Whitehorn is the head of the Virgin group's most adventurous and ambitious project to date: space travel