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Darden Restaurants Inc

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  • NEW YORK— Seritage Growth Properties, the real estate spinoff of Sears Holdings Corp., made its debut Monday on the New York Stock Exchange and estimated that it had raised about $1.6 billion from the offering. Sears, which is dealing with slumping retail sales, formed the real estate investment trust to extract more revenue from its properties.

  • YORK, Pa.— Bon-Ton, like a number of other retailers, is turning some of its real estate in to cash. Sears Holdings Corp. Sears is planning to sell more than 250 properties to a REIT it created. The Bon-Ton Stores Inc., with headquarters in Milwaukee and York, Pennsylvania, runs 270 stores in 26 states.

  • *Shares hit record high of $73.40. June 23- Darden Restaurants Inc said it plans to separate some of its restaurants into a publicly traded real estate investment trust as part of changes engineered by activist investor Starboard Value LP. Darden said on Tuesday said it would transfer about 430 restaurants, mostly Olive Garden properties, to the REIT this year...

  • Futures trim gains; data, Greece eyed Tuesday, 23 Jun 2015 | 9:00 AM ET
    A man waves a Greek national flag while standing at the premises of the parliament building during a rally in front of the parliament building calling on the government to clinch a deal with its international creditors and secure Greece's future in the Eurozone, in Athens, Greece, June 22, 2015.

    U.S. stock index futures pointed to a higher open on Tuesday, following gains in overseas markets and ahead of domestic economic reports.

  • June 23- Darden Restaurants Inc said it intends to separate some of its restaurants into a publicly traded real estate investment trust as part of a plan to pay down about $1 billion of debt. The owner of the Olive Garden restaurant chain said it would transfer about 430 of its more than 1,500 restaurants to the REIT this year and lease back most of the properties.

  • Early movers: BBRY, DRI, T, TAP, SONC & more Tuesday, 23 Jun 2015 | 7:43 AM ET
    Traders work on the floor of the New York Stock Exchange.

    Some of the names on the move ahead of the open.

  • June 23- U.S. stock index futures were higher on Tuesday as investors expect a deal that would prevent Greece from defaulting on loans and await a host of data that will give clues on the health of the U.S. economy. Global markets were higher, with European shares climbing to a three-week high, extending the previous session's rally on expectations that Greece was...

  • June 23- Darden Restaurants Inc said it intends to separate part of its real estate assets into a real estate investment trust as part of a plan to pay down about $1 billion of debt. The owner of the Olive Garden restaurant chain said it would transfer about 430 restaurants to the REIT this year and lease back the most of the properties. Darden also reported a 14...

  • Econ data on tap but Greece takes center stage Tuesday, 23 Jun 2015 | 6:03 AM ET
    Traders work on the floor of the New York Stock Exchange.

    Economic data Tuesday could help substantiate that the U.S. economy is growing better than economists expected not too long ago.

  • For markets, Greece is trumping even this Monday, 22 Jun 2015 | 7:04 PM ET
    Traders work on the floor of the New York Stock Exchange.

    Economic data Tuesday could help substantiate that the U.S. economy is growing better than economists expected not too long ago.

  • Rising wages take bite out of restaurant biz Friday, 12 Jun 2015 | 11:55 AM ET
    A McDonald's restaurant in Brooklyn, New York.

    Labor's victories in hiking minimum wages stand to "eat into" restaurant profitability, USA Today reports.

  • Can't shake the salt? Worst restaurant offenders Thursday, 11 Jun 2015 | 12:50 PM ET
    salt

    Restaurants just haven't been able to shake the salt.

  • 5 surprising chains healthy eaters like Monday, 8 Jun 2015 | 12:00 PM ET
    Olive Garden’s Chicken Parmesan Breadstick Sandwich

    Healthy eaters only like salad bars and smoothie joints, right? Wrong, according to a new survey.

  • What Olive Garden is cookin' up next Friday, 29 May 2015 | 12:10 PM ET
    Olive Garden’s Chicken Parmesan Breadstick Sandwich

    Olive Garden's menu is about to change. Here's what's in, what's out and what the restaurant is testing.

  • 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...

  • Olive Garden's menu is about to change Thursday, 21 May 2015 | 3:59 PM ET
    Olive Garden’s Chicken Parmesan Breadstick Sandwich

    Your next visit at Olive Garden will likely look a little different.

  • 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...

  • 5 restaurants growing faster than Chipotle Monday, 11 May 2015 | 1:33 PM ET
    Buffalo Wild Wings

    From a "breastaurant" to steakburgers, these chains' sales are growing like weeds. Here are 10 of the fastest growing ones.

  • 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...