August 17, 2007 |
Darden Restaurants Inc., which operates the Olive Garden and Red Lobster restaurant chains, said Thursday that it agreed to buy the owner of the LongHorn Steakhouse and Capital Grille chains for about $1.19 billion in cash and notes. Darden, the world's biggest casual dining operator, said it would buy all Rare Hospitality International Inc. outstanding stock for $38.15 a share in a tender offer. The price is a 39% premium to Rare's closing price Thursday of $27.51. Clarence Otis Jr.
October 22, 1997 |
DEAR SOS: I would like the recipe for Zuppa Toscana from the Olive Garden chain in Southern California. It's a light, wonderful soup. LESLEY DEAR LESLEY: So would a bunch of other readers who asked. It is good with crusty bread and wine.
December 6, 2012 |
Darden Restaurants Inc., the parent of eateries such as Olive Garden and Red Lobster, said it will not bump any of its full-time employees down to part-time status to save on healthcare costs once President Obama's reforms go into effect. Come 2014, when the healthcare law is set to go into effect, Darden said its 45,000 full-time workers will keep their status. All full-timers, whether hourly or salaried, will have access to the same insurance coverage, the company said. Video chat: Join us at 2:30 p.m. The Orlando, Fla., business has 185,000 employees in total, three quarters of them part-time.
CALIFORNIA | LOCAL
July 26, 2008 |
California became the first state to require restaurants to cook without artery-clogging trans fats, such as those in many oils and margarines, under restrictions signed into law Friday by the health-conscious governor. Gov. Arnold Schwarzenegger, a physical-fitness advocate and crusader against obesity, sided with legislators who said the measure would help get the fat out of Californians who are too dependent on fast food.
September 23, 2004 |
Bed Bath & Beyond Inc., the largest U.S. home furnishings retailer, said second- quarter earnings rose 23% to $120 million, or 39 cents a share. The Union, N.J.-based company said sales gained 15% to $1.27 billion as it opened 14 stores in the quarter. Sales at stores open at least a year rose 4.8%. Shares fell 31 cents to $39.58 on Nasdaq. Results were released after regular trading. * Darden Restaurants Inc.
September 16, 1998 |
Former Walt Disney TV chairman Rich Frank has become chairman of Cybermeals, a San Francisco-based firm that allows consumers across the country to peruse local restaurant menus and order meals from its Web site. Frank made a large investment in Cybermeals but declined to say how much. The company (at http://www.cybermeals.