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  • *Olive Garden 2nd- qtr same-store sales up 0.5 pct. Dec 16- Darden Restaurants Inc, whose entire board was replaced by activist investor Starboard Value LP, reported a 4.9 percent rise in quarterly sales and raised the lower end of its adjusted profit forecast for the full year. Darden said it now expects adjusted profit of $2.25- $2.30 per share from continuing...

  • Dec 16- Darden Restaurants Inc reported a 4.9 percent rise in quarterly sales, helped by higher comparable sales at its flagship Olive Garden chain, and raised the lower end of its adjusted profit forecast for the full year. The company has suffered more than a year of traffic declines at Olive Garden, which accounts for more than half of Darden's overall revenue...

  • Darden Restaurants reports 2Q loss Tuesday, 16 Dec 2014 | 4:15 PM ET

    ORLANDO, Fla.— Darden Restaurants Inc. says sales improved at Olive Garden during the fiscal second quarter, helping the company beat market expectations for the period. Analysts surveyed by Zacks Investment Research were anticipating earnings of 27 cents per share. Revenue from its restaurants open at least a year increased 0.5 percent for Olive Garden,...

  • Southwest bag workers picketing over flight delays Tuesday, 16 Dec 2014 | 4:00 AM ET

    For years, Dallas- based Southwest was the most punctual of big U.S. airlines, but it stumbled after trying to squeeze in more flights into its schedule. Southwest has also prided itself on keeping its employees happy, believing that would guarantee good service for its customers. "That recipe is kind of gone and it's profits over people and that's not acceptable,"...

  • SeaWorld laying off more than 300 workers Friday, 12 Dec 2014 | 5:14 PM ET

    ORLANDO, Fla.— SeaWorld Entertainment Inc. is laying off more than 300 workers, a day after its CEO announced he is stepping down. Spokesman Fred Jacobs said Friday 311 workers would be laid off from the company's Orlando headquarters and its 11 parks. SeaWorld' s chairman was named the company's interim leader.

  • SeaWorld CEO to step down, company to cut jobs Thursday, 11 Dec 2014 | 6:15 PM ET

    SeaWorld did not say how many jobs it would cut, as part of its restructuring plan aimed at saving about $50 million by the end of 2015.. Negative publicity has hurt SeaWorld' s 11 park enterprises, with attendance rising only twice in the last seven quarters. SeaWorld shares closed at $16.09 on the New York Stock Exchange on Thursday.

  • SeaWorld CEO to step down as park attendance drops Thursday, 11 Dec 2014 | 4:40 PM ET

    PORTLAND, Ore.— SeaWorld Entertainment Inc. said Thursday that its CEO is stepping down as head of the company and named its chairman as interim leader. SeaWorld has also been battling negative publicity since the release of "Blackfish" last year, a documentary that suggested its treatment of animals may have led to the death of trainers. SeaWorld has been trying...

  • Hilton Worldwide in talks to buy four hotels - Bloomberg Wednesday, 10 Dec 2014 | 4:25 PM ET

    Dec 10- Hilton Worldwide Holdings Inc is in talks to buy four properties from Blackstone Group LP and others for deferring tax payments from the sale of its Waldorf Astoria hotel in New York, Bloomberg reported. The company is planning to buy San Francisco's Parc 55 Wyndham, two Waldorf Astoria resorts in Key West and one in Orlando, Florida, the report said, citing...

  • Early shoppers queue up, analysts see stellar deals Friday, 28 Nov 2014 | 1:14 AM ET
    A customer shops for TV deals on Black Friday at Kmart in Griffith Indiana.

    Economists are closely watching whether retailers can entice shoppers to spend during what retailers consider the biggest shopping weekend of the year, the NYT reports.

  • ORLANDO/ WASHINGTON, Nov 16- In recent weeks, hundreds of thousands of U.S. More than 17 million cars have been recalled worldwide, including over 11 million in the United States. Robert Lamoureux, 47, a coordinator for an events production firm in Orlando, heard about exploding airbags on the news weeks ago and confirmed on Honda's website that his 2002 Accord SE...

  • TIMELINE-Takata air bag recalls Wednesday, 12 Nov 2014 | 10:30 PM ET

    Honda and Takata deny fault and settle for an undisclosed sum. Her family sues Honda and Takata for more than $75 million in April 2011, claiming they knew of the air bag problems as early as 2004. Honda and Takata settle in January 2013 for $3 million, according to court documents. April 27- Honda recalls 896,000 Honda and Acura 2001-03 cars in order to find...

  • NEW YORK, Nov 9- At a retreat for Merrill Lynch financial advisers in a luxury Orlando hotel last month, a group of several dozen men and women in business attire swung their arms back and forth over their heads to Kid Rock's "All Summer Long" to get their circulation going. The mild aerobics were part of a three-day event orchestrated by Chris Johnson, a wellness guru...

  • Oct 24- Shares of SodaStream International Ltd surged on Friday after the at-home soda machine maker said it would sell some PepsiCo Inc brands in a limited test. The 10- week trial will begin in a few weeks at Wal-Mart Stores Inc and Bed Bath& Beyond Inc in Orlando and Tampa, Florida, trade publication Beverage Digest reported. SodaStream shares surged as much as 24...

  • DETROIT/ ORLANDO, Oct 17- A fourth traffic death in a Honda Motor Co car has been linked to a defective air bag made by Japanese supplier Takata Corp, according to a county medical examiner in Florida. Hien Tran died on Oct. 2, four days after her red 2001 Honda Accord sedan struck another car in Orlando and the air bags exploded, sending shrapnel at the 51- year-old woman,...

  • BEIJING, Oct 13- Universal Studios said on Monday it had a sealed an agreement to open a $3.3 billion theme park in Beijing, the culmination of a 13- year effort to enter China's fast-growing entertainment market. Tom Williams, chief executive of Universal Parks and Resorts, told a news conference in Beijing that the park would also aim to draw visitors from...

  • ORLANDO/ LOS ANGELES, Oct 10- Darden Restaurants Inc lost its standoff with activist shareholder Starboard Value LP at its annual meeting on Friday, when stakeholders tossed out the Olive Garden parent's entire board in a rare victory for dissident investors. It also is a stinging defeat for Darden, which earlier this year alienated many investors by brushing...

  • FACTBOX-Darden, Starboard's dueling board nominees Friday, 10 Oct 2014 | 6:00 AM ET

    -Michael Barnes, Darden director since 2012. Chief Executive Officer of Signet Jewelers Ltd.- Christopher Fraleigh, Darden director since 2008. Chairman and CEO of Shearer's Foods Inc.- Michael Rose, Darden director since 1995. Chairman of Midaro Investments Inc.- Maria Sastre, Darden director since 1998. President and chief operating officer of Signature...

  • NEW YORK, Oct 3- Bank of America Corps's Merrill Lynch cancelled what had been a traditional national leadership meeting last week and will instead hold smaller, regional gatherings. A Merrill Lynch spokeswoman said the decision to scrap the conference was based on new approaches to training, not cutting costs. Bank of America's Global Wealth and Investment...

  • The claim by Eco Agro Resources came in a court filing in U.S. District Court in North Carolina in early September in response to an August patent infringement lawsuit against it by Koch Agronomic Services.

  • Sept 25- Advisory firms Glass, Lewis& Co and Institutional Shareholder Services each have recommended that Darden Restaurants Inc investors back Starboard Value LP's 12- director slate, which would oust the embattled company's full board.