More than 400 Chinese products will be temporarily exempted from tariffs that President Donald Trump's administration imposed last year.China Economyread more
Apple will get a taste of whether upgraded features on the new iPhone 11 are enough to lure shoppers to retail stores around the world as the new smartphones officially hit...Technologyread more
The complaint made by an unnamed intelligence official about the president centers on Ukraine, the Washington post reported.Politicsread more
As tensions might drag over the next decade, investors have to learn to operate under prolonged uncertainty, said Warburg Pincus' Charles Kaye.World Economyread more
U.S. Vice President Mike Pence on Thursday struck an unyielding tone on America's position in its trade war with China.Delivering Alpharead more
Billionaire investor Howard Marks, the co-chairman of Oaktree Capital, predicts there won't be a recession in the U.S. for another two years.US Economyread more
Network officials also said voters should expect more of a Koch focus on grassroots activism throughout the 2020 election cycle.Politicsread more
One person was killed and five others wounded on Thursday in a shooting on the streets of Washington, D.C., not far from the White House, police said.U.S. Newsread more
Stores are extending hours and cities are spending on light shows as China tries to encourage consumers to spend more money at night.China Economyread more
New research suggests fewer girls pursue careers in STEM — science, technology, engineering and math — because they're better than boys at reading.Closing The Gapread more
Stocks in Asia Pacific edged up on Friday as investors digested a series of developments overnight on the U.S.-China trade front that dampened hopes of a deal being reached...Asia Marketsread more
Olive Garden owner Darden Restaurants estimated third-quarter profit below analysts' expectations, blaming severe winter weather for lower sales.
(Read more: Darden uses lobster claws on critical analysts)
Darden said it was on track to separate its Red Lobster business.
The company, under pressure from hedge fund Barington Capital Group, said in December that it would spin off or sell its floundering Red Lobster chain.
Darden said on Monday that it expected a profit of 82 cents per share from continuing operations for the quarter ended Feb. 23.
Analysts on average were expecting 93 cents per share, according to Thomson Reuters.
(Read more: )
Lower sales and higher direct costs associated with severe winter weather hurt profit by about 7 cents per share, Darden said.
The Orlando-based company said it expected U.S. same-restaurant sales to fall 5.4 percent at Olive Garden and 8.8 percent at Red Lobster.
(Read more: Investors should decide Darden's Red Lobster spin)
Darden will report third-quarter earnings on March 21.
The company's shares were down by four and half percent on Monday morning.