Of the 21 S&P companies that have already reported Q1 earnings, nearly half have cited the negative impact of the weather.» Read More
March 21- Darden Restaurants Inc, under scrutiny from two activist investors over a plan to sell or spin off its Red Lobster chain, on Friday resisted pressure put the divestiture of the struggling seafood restaurants to a shareholder vote.
*Nike falls after results, Tiffany rises. Geopolitical issues remained in focus after President Vladimir Putin signed laws completing Russia's annexation of Crimea and investors took fright at a U.S. decision to slap sanctions on his inner circle.
Darden Restaurants reported earnings that met expectations, as the company reported sales declines at its Red Lobster and Olive garden chains.
*Nike shares fall in premarket after outlook. NEW YORK, March 21- U.S. stock index futures pointed to a slightly higher open on Friday, with major indexes on track for a week of strong gains, though geopolitical concerns remained in view as the tenuous situation in Ukraine continued.
U.S. stock index futures indicated that Wall Street looked set to maintain the gains posted on Thursday.
*Nike shares fall in premarket after outlook. NEW YORK, March 21- U.S. stock index futures edged higher on Friday, with major indexes on track for a week of strong gains, though geopolitical concerns remained in view as the tenuous situation in Ukraine continued.
March 21- Darden Restaurants Inc reiterated its plans to divest its struggling Red Lobster chain and reported third-quarter results in line with analysts' lowered expectations. The Orlando- based company, which also owns the Olive Garden and LongHorn Steakhouse chains, said on March 3 that severe winter weather hurt sales and profit.
March 19- Darden Restaurants Inc on Wednesday urged shareholders not to support activist investor Starboard Value LP's proposal for a special meeting to vote on the company's plan to divest its Red Lobster chain. Darden on Dec. 19 announced plans to spin off or sell its 705- restaurant Red Lobster chain.
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Darden, the nation's largest full-service restaurant company, also owns Olive Garden and LongHorn Steakhouse.
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Darden Restaurants Inc has canceled its analyst and investor meeting slated for later this month.
LOS ANGELES, March 5- Darden Restaurants Inc has canceled its analyst and investor meeting slated for later this month as two activist shareholders lobby for bolder steps to improve performance at its restaurant chains, ranging from Olive Garden to Capital Grille.
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March 3- The activist investor seeking to split Darden Restaurants Inc into two companies said on Monday it has lost confidence in its chief executive's ability to run the company.