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Darden Restaurants Inc

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  • BOSTON, May 22- Barington Capital Group won its proxy contest by scoring two board seats at Eastern Co this week as shareholders widely backed the activist hedge fund's call to add new blood at the industrial hardware maker. Shareholders elected Barington Chief Executive Officer James Mitarotonda and Michael McManus, CEO of medical device manufacturer...

  • NEW YORK, May 14- U.S. corporate spending on capital projects could fall this year to the lowest level since 2011, with steep reductions by the energy industry and companies in other sectors cutting spending amidst broad concerns about global growth. "They're not spending at a pace that would suggest a global recovery," said Peter Cardillo, chief market economist...

  • Nelson Peltz, who runs the $11 billion Trian Management hedge fund, was dealt a rare setback when investors, including pension fund Calpers, sided with DuPont CEO Ellen Kullman to rebuff his attempt to win four board seats and press the company into breaking itself up. For example, Peltz's partner Ed Garden joined the Bank of New York Mellon board last year, and...

  • NEW YORK— Panera Bread said Monday that it hired two executives from competitors Darden Restaurants Inc. and McDonald's Corp.. For the past nine years, Madsen was president and chief operating officer of Darden, which owns the Olive Garden chain. Panera Bread Co. is based in St. Louis and operates about 1,900 stores.

  • Olive Garden's latest plan: Breadstick sandwiches Monday, 11 May 2015 | 9:46 AM ET

    NEW YORK— Olive Garden's plan to win back customers? The restaurant chain owned by Darden Restaurants Inc. says it plans to use its breadsticks for chicken parmigiana and meatball sandwiches starting June 1. The addition of the breadstick sandwiches are just the latest attempt to revamp Olive Garden's menu and marketing after sales at established locations...

  • May 8- Tempur Sealy International Inc's shareholders voted to remove its chief executive and chairman from its board, agreeing with its largest shareholder H Partners Management LLC that the mattress maker needed a change in leadership. CEO Mark Sarvary, Chairman P. Andrews McLane and Nominating Committee Chairman Christopher Masto will tender their...

  • May 8- Tempur Sealy International Inc's shareholders voted to remove Chief Executive Mark Sarvary from its board, agreeing with its largest shareholder H Partners Management LLC that the mattress maker needed a change in leadership. H Partners has about 10 percent stake in Tempur Sealy. The hedge fund's success in having members removed from Tempur Sealy's...

  • Darden CEO: Why oil hasn’t helped restaurant biz Tuesday, 5 May 2015 | 12:38 PM ET
    An Olive Garden restaurant in Reno, Nevada

    Gene Lee, Darden's CEO, explained why lower oil prices have not helped the restaurant industry grow.

  • Activists rattle these 19 big companies' cages Tuesday, 28 Apr 2015 | 8:38 AM ET
    Traders work on the floor of the New York Stock Exchange.

    Shares of these stocks have indeed edged out the S&P 500 over the past 12 months. USA Today reports.

  • Dining at Olive Garden is about to change Tuesday, 14 Apr 2015 | 1:04 PM ET
    Austen Mulinder, CEO of Ziosk.

    Ziosk is aiming to improve the customer experience by allowing guests to order and pay through table-top tablets at casual-dining restaurants.

  • 'Show us $15!' protesters tell hedge fund honchos Monday, 13 Apr 2015 | 2:41 PM ET
    Protestors at the Active-Passive Investor Summit in New York Monday, calling for fair wages for restaurant workers.

    Protesters briefly took over an activist investing conference in New York to call for higher wages for restaurant workers.

  • Shouting "Burger King, Mickey Ds" and holding signs saying "Dignity at Darden, No poverty wages," the protesters trooped through the ballroom at the Crowne Plaza hotel in Manhattan, interrupting the 13 D Monitor's Active-Passive Investor Summit at 1 p.m.. An unidentified person with the group, which represents the Restaurant Opportunity Center, said they came to...

  • Why activist investing is not a fad: Meister Monday, 13 Apr 2015 | 1:48 PM ET
    Keith Meister, CEO of Corvex Capital.

    Activism will change over time, but the general idea of investors expressing ideas and helping to create value is not a fad, Keith Meister tells CNBC.

  • The young & the restless: 6 who are hot Friday, 27 Mar 2015 | 6:50 AM ET
    Jeffrey Smith, Starboard Value

    Corporate boards, meet the next Bill Ackmans and Carl Icahns of the world.

  • Hottest dividend stocks of 2015 Tuesday, 24 Mar 2015 | 2:58 PM ET
    A trader works on the floor of the New York Stock Exchange.

    CNBC screened the large cap S&P 500 index to see where the hottest parts of the dividend stock market have been.

  • March 20- Darden Restaurants Inc said on Friday it was looking for ways to "create value" from its real estate, as management installed after last year's activist investor-led coup reported continued traffic declines at its flagship Olive Garden chain. During their standoff with Darden, activist investors Barington Capital Group LP and Starboard Value LP...

  • Traders work on the floor of the New York Stock Exchange.

    U.S. stocks jumped about 1 percent to close near highs, continuing several days of alternating gains and losses as investors weighed a weaker dollar.

  • March 20- Darden Restaurants Inc said on Friday it was looking at how to "create value" from its real estate, as management installed after last year's activist investor-led coup fights to turnaround its flagship Olive Garden business. Shares in Darden were up 3.6 percent at $67.21 in midday trading on the New York Stock Exchange. During their standoff with...

  • *Nike rises after results, outlook. March 20- U.S. stocks rose on Friday, lifted by results from Nike and another climb in biotechs, as investors assessed the impact of a stronger dollar on corporate profits. Nike jumped 4.5 percent to $102.77 as the biggest boost to the Dow after it posted a quarterly profit that beat market estimates.

  • Cramer: Tiffany's gotta get off its luxury throne Friday, 20 Mar 2015 | 11:30 AM ET
    A shopper walks past a Tiffany store in White Plains, New York.

    CNBC's Jim Cramer says Tiffany's current business model doesn't work. Here's why.