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.
August 22, 2012 |
Diners at Boston Market will have to taste their food before pouring on the salt after the restaurant chain decided to take shakers off tables and put them out of reach at the condiment station. Some may call it nanny dining, but it's the latest in a series of moves by the restaurant industry to cut back on sodium levels to promote healthier eating. Last fall, Olive Garden and Red Lobster parent Darden Restaurants promised to cut sodium in all its restaurants. As of last summer, Carl's Jr. had reduced the sodium in its hamburger buns 20%. El Torito and Taco Bell have also reduced sodium use. Still, according to research group Technomic last year, salt's presence on menus has boomed 144% in five years.
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.