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 15, 2011 |
At a time when foodborne outbreaks are in the headlines, a restaurant's health score may seem even more important than its reviews. A big C on the front door won't exactly whet the appetite, but an A gives you a sense of security. Cleanliness matters. A single rag dripping with E. coli bacteria could ruin a beef Wellington, and it only takes one unwashed hand to turn pasta primavera into a norovirus surprise. Restaurant inspections have definitely helped prevent outbreaks across the country, says food safety expert Margaret Binkley, an assistant professor in the department of consumer sciences at Ohio State University in Columbus.
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.