February 23, 1996 |
Giant Group Rebuffs Fidelity Takeover Bid: Beverly Hills-based Giant Group Ltd. escalated its war of words against Fidelity National Financial Inc., issuing a fiery letter that flatly rejects the Irvine title company's unsolicited takeover bid. Fidelity National last week offered $49 million in stock for outstanding shares of Giant Group, which owns a 47% stake in the Rally's hamburger chain.
September 20, 2007 |
CKE Restaurants Inc., the Carpinteria-based owner of the Hardee's and Carl's Jr. chains, said second-quarter profit fell more than analysts anticipated on a drop in sales and rising costs. Net income declined 34% to $9.43 million, or 15 cents a share, from $14.2 million, or 20 cents, a year earlier. Excluding discontinued operations, earnings missed analysts' estimates by 2 cents. Sales dropped less than 1% to $363.1 million.
December 20, 1995 |
Suit Alleges Insider Trading in Rally's Acquisition: Orange County businessman William P. Foley II was accused in a lawsuit of illegally using insider information to acquire more than 8% of the company that controls the troubled Rally's Hamburgers Inc. chain. The suit, filed in U.S. District Court, also alleges that the chairman of Irvine-based Fidelity National Financial Inc. and CKE Restaurants in Anaheim failed to accurately report how much Giant Group Ltd.
March 17, 1994 |
Firm Commitment: Attorney Andrew F. Puzder, who gained considerable attention in recent months when he helped fast-food leader Carl N. Karcher to restructure his significant personal debts, has changed jobs. Puzder on Tuesday closed the door of his office with Lewis, D'Amato, Brisbois & Bisgaard in Costa Mesa. On Wednesday he set up shop in Newport Beach with Stradling, Yocca, Carlson & Rauth.
June 27, 2001 |
CKE Restaurants Inc., which owns the Hardee's and Carl's Jr. hamburger chains, said Tuesday its loss widened dramatically in its fiscal first quarter and its second quarter also will be a losing one. The Anaheim company attributed the losses mainly to costs in closing and selling restaurants. The loss for the quarter ending May 21 grew to $37.1 million, or 74 cents a share, from last year's first-quarter loss of $2.45 million or 5 cents a share, the company said. Sales fell 19% to $471.
August 20, 2009 |
In a burger battle royal, a rival to McDonald's Corp. came out swinging Wednesday, taking on the venerable Big Mac and talking smack about the Golden Arches' new Angus burger. Carl's Jr. launched the Big Carl, a double burger with cheese and a Thousand Island-style sauce. The burger is being launched with an ad campaign aimed at belittling the Big Mac. Carpinteria, Calif.-based CKE Restaurants Inc., which earlier this decade pioneered the Angus burger concept, at least among fast-food chains, owns Carl's Jr., along with Hardee's.