Superstorm Sandy slammed into the U.S. east coast on Tuesday and hurled a record 14-foot surge of seawater at New York City, flooded the financial district and left 7 million people without power.
Sandy has made landfall along the coast of southern New Jersey. While downgraded to a post-tropical cyclone, it still has sustained winds of 85 mph.
Hurricane Sandy began veering as predicted early Monday on a path that would take it over Washington, Baltimore, Philadelphia and New York putting it on a path that could endanger 50 million people.
Here we go again, the hurricane retail trade ideas are swirling around just like the gusts of Sandy’s wind. But here's the reality check: storms do not help retailers with bad business models.
Hurricane Sandy, a rare, late season storm, is already having a significant economic impact and is poised to be one for the record books in both meteorological and economic terms.
A couple large employers, Sears Holding Corp. and Darden Restaurants Inc., are switching to this approach, and benefits experts say many others are considering it. On Thursday, Credit Suisse analyst Ralph Giacobbe asked Aetna officials during a conference call to discuss third-quarter earnings what they thought of it.
Darden is testing limiting hours for part-time works in a "handful" of markets, with CNBC's Bertha Coombs.
--We also assigned a' B+' corporate credit rating to Bloomin' Brands Inc., as well as a' BB' issue rating and a' 1' recovery rating to OSI Restaurant Partners LLC's proposed $225 million revolving credit facility due 2017 and $1.0 billion term loan due 2019..
The owner of Olive Garden and Red Lobster restaurants is putting more workers on part-time status in a test aimed at limiting the impact of looming requirements under Obamacare.
NEW YORK-- The owner of Olive Garden and Red Lobster restaurants is putting more workers on part-time status in a test aimed at limiting costs from President Barack Obama's health care law. Darden Restaurants Inc. declined to give details but said the test is only in four markets across the country.
VOLKSWAGEN Indicated 0.7 percent lower. Separately, Volkswagen could start selling its Golf 7 plug-in hybrid car from 2014, a year earlier than previously planned, German magazine WirtschaftsWoche reported, citing no sources.
As the markets continue to focus on today's monthly non-farm payrolls numbers, a breakdown of the data show that hiring has been strong within the restaurant industry.
Sears and Darden plan to offer corporate exchange health plans to employees. Ken Sperling, Aon Hewitt National Health Exchange strategy leader, offers insight.
NEW YORK-- Olive Garden is tossing out its famous "When You're Here, You're Family" slogan to cater to a more modern lifestyle. It was a very stereotypical Italian family dinner, "said Jay Spenchian, executive vice president of marketing at Olive Garden.
The fundamental face of shopping malls is beginning to change; rather than just retail with a food court, malls are now becoming entertainment destinations.
She's known for her earnest review of an Olive Garden restaurant in North Dakota that went viral on the Internet. Six decades after they worked together at the University of South Dakota's student newspaper, Al Neuharth, 88, and Marilyn Hagerty, 86, are reuniting.
Oct 1- Darden Restaurants Inc:. *Moody's assigns baa2 to darden's proposed approx. $300 mm sr. notes, existing.
Oct 1- Darden Restaurants Inc. on Monday sold $450 million of senior notes, said IFR, a Thomson Reuters service. AMT $450 MLN COUPON 3.35 PCT MATURITY 11/ 1/ 2022 TYPE SR NTS ISS PRICE 98.828 FIRST PAY 5/ 1/ 2013 MOODY'S Baa2 YIELD 3.37 PCT SETTLEMENT 10/ 4/ 2012 S&P TRIPLE-B SPREAD 175 BPS PAY FREQ SEMI-ANNUAL FITCH TRIPLE-B MORE THAN TREAS MAKE-WHOLE CALL 30 BPS.
Oct 1- Fitch Ratings has assigned a' BBB' rating to Darden Restaurants, Inc.' s. proposed $300 million senior unsecured notes due 2022. At Aug. 26, 2012, Darden had approximately $2.1 billion of total debt.
Red Lobster is launching its biggest menu revamp in a decade on Oct. 15. We Specialize in Fresh Florida Seafood, but some of our Seafoods come from distant points of the compass, such as Maine, Maryland, Alaska, Peru, Chile and even South Africa to name but a few.