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Ruby Tuesday brings in Ray Blanchette as CEO to help battle slowing sales and restaurant closures.
The restaurant industry is becoming more challenging, and both private equity and corporate buyers have renewed their deal interest.
Ruby Tuesday said it agreed to be acquired by a fund managed by NRD Capital, an Atlanta-based private-equity firm.
U.S. stock index futures pointed to a slightly higher open, as investors turned their attention to upcoming corporate earnings reports.
Hurricane Harvey's heavy rainfall and record flooding pummeled restaurant sales, and Hurricane Irma's wrath isn't too far behind.
Heavy rainfall and flooding battered restaurant sales in August, and that trend looks like it will continue well into September.
Some of the names on the move ahead of the open.
These are the stocks posting the largest moves after the bell.
U.S. stock index futures pointed to a lower open on Thursday amid a slew of economic data.
Dow 20,000 could be back in play Thursday as traders watch economic releases on service sector activity and jobs-related data.
The election may be over, but uncertainty will still plague the restaurant industry through Donald Trump's first 100 days in office.
Attention, burger fans. Sept. 18 is National Cheeseburger Day. Here's a round-up of where to snag free, discounted and specialty burgers.
Chipotle Mexican Grill is slated to offer two promotions during the month of September, one for college students and one for families.
Popeyes blamed weaker-than-expected same-store sales growth on softness in the restaurant sector.
Shake Shack is celebrating the opening of its 100th restaurant by giving free burgers the first 100 guests at at all its locations worldwide.
Ruby Tuesday shares fell 12 percent after the company posted weak same-store sales and reported that it would shutter 13 percent of its restaurants.
Ruby Tuesday's fiscal fourth-quarter earnings miss was overshadowed on Thursday by a prank caller who chimed into the company's earnings call.