Some unhappy that Burger King may move to Canada
Some Burger King customers are finding it hard to swallow that the home of the Whopper could move to Canada.
Investors seemed to welcome the announcement by Burger King late Sunday that it was in talks to buy Canadian coffee-and-doughnut chain Tim Hortons and create the world’s third-largest fast-food restaurant company. The news pushed shares of both companies up more than 20 percent.
But customers already were voicing their discontent with the 60-year-old hamburger chain because of its plans to relocate its corporate headquarters to Canada in a deal that could lower its taxes. By Monday afternoon, Burger King’s Facebook page had more than 1,000 mostly negative comments about the potential deal.
A representative for Burger King, Miguel Piedra, said though the headquarters of the new company would be in Canada, Burger King still would continue to be run out of Miami. Piedra also said the comments on Burger King’s Facebook page represent a small fraction of the company’s more than 7 million followers on the social- media site.
New-home sales fall
Fewer Americans bought new homes in July, evidence that the housing sector is struggling to gain traction more than five years into the economic recovery.
The Commerce Department said Monday that new-home sales fell 2.4 percent last month to a seasonally adjusted annual rate of 412,000. The report also revised up the June sales rate to 422,000 from 406,000.