Rachael Rothman, Susquehanna Financial Group analyst, shares her outlook on the restaurant operator, and explains why she downgraded the stock to "neutral" and maintains a $58 price target.
The S&P Retail Index hit an historic high yesterday. Yet retailers are weak Tuesday. Huh? According to traders, one firm, Nomura, has been cautious on Gap due to competition concerns. But there's a bigger problem for retailers.
Not having success finding holiday gifts at the mall? You may want to try the food court. Restaurants are trying to whet your appetite for gift cards to dine out, by throwing incentives your way.
Merely hours after gobbling up Thanksgiving dinner, millions of retail employees will head to work to greet the deal-hungry Black Friday crowds. Once their holiday fullness wears off, restaurants will be ready to pounce.
Power has been restored to nearly 80 percent of utility customers in the New York City area who were blacked out by Super Storm Sandy, but a nor’easter loomed and that could set back efforts to return to normal.
New Yorkers felt the rumble of subway trains for the first time in four days on Thursday but gasoline shortages persisted in the Northeast and emergency crews struggled to reach the worst-hit areas and restore power to millions of people.
Wall Street and two major airports reopened, and National Guardsmen rushed to rescue flood victims as the Northeast limped into recovery mode Wednesday, two days after being pummeled by epic Hurricane Sandy.
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.