<div><p>Restaurant chains Bennigan's and Steak & Ale have filed for Chapter 7 bankruptcy protection and stores owned by its parent company will shut their doors.</p><p>The companies owned by privately held Metromedia Restaurant Group of Plano, Texas, filed for bankruptcy protection Tuesday in ...
<div id="subtitle">Restaurant analysts blame aggressive expansion plans, consumer cutbacks for bankruptcies</div><div><p>Restaurant companies may have depended too much on easy-to-borrow money to back aggressive expansion plans, industry experts say — a move that may lead to more bankrupt chains and fewer new eateries ...
<div id="subtitle">Raymond James analyst lowers ratings of sit-down restaurants, says stocks now fairly valued</div><div><p>Restaurant stocks mainly fell Thursday after a Raymond James analyst downgraded his rating on a number of sit-down restaurant stocks, saying they are now fairly valued.</p><p>Analyst ...
<div id="subtitle">Olive Garden, Red Lobster to raise prices more than in previous years to cover higher costs</div><div><p>Olive Garden and Red Lobster customers will have to pay a bit more for their favorite dishes in the months ahead as the restaurant chains struggle ...
<div id="subtitle">Restaurant innovator Norman Brinker, who developed salad bars, built Chili's chain, dies at 78</div><div><p>Norman Brinker, a restaurant mogul who popularized the salad bar and built a worldwide casual dining empire that includes Chili's Grill & Bar, died Tuesday at age 78.< ...
<div id="subtitle">Olive Garden-owner Darden says 1st-quarter profit rises 15 pct even as sales fall</div><div><p>Darden Restaurants Inc., owner of the Olive Garden and Red Lobster chains, said Tuesday that its first-quarter profit rose 15 percent even as sales fell because food costs were ...
<div id="subtitle">Darden Restaurants falls as co. warns 2010 profit will likely be within lower half of range</div><div><p>Shares of Darden Restaurants Inc. slid Wednesday after the owner of the Olive Garden and Red Lobster chains cautioned its fiscal 2010 earnings will likely be ...
<div id="subtitle">Ruby Tuesday inks international franchise agreements in Middle East, U.K.</div><div><p>Casual dining chain Ruby Tuesday Inc. said Monday it had inked new international franchise agreements in the Middle East and the U.K. for its namesake brand.</p><p>The company ...
<div id="subtitle">UBS analyst upgrades Darden Restaurants to 'Buy,' says industry trends improving</div><div><p>Shares of restaurant owner Darden Restaurants Inc., which operates Olive Garden, Red Lobster and Longhorn Steakhouse, climbed Wednesday after an analyst upgraded the stock.</p><p>In a research note published ...
<div id="subtitle">Darden Restaurants 2Q profit rises 1 percent to top expectations, but sales seen "sluggish"</div><div><p>Darden Restaurants Inc., operator of Red Lobster and Olive Garden restaurants, said Thursday its second-quarter profit edged up 1 percent to beat Wall Street expectations as lower taxes ...
