Darden Restaurants (DRI) Stock Up After CEO Steps Down

Darden Stock (DRI)

Sometimes all it takes a new boss to make a difference and Darden Restaurant (DRI) stockholders are finding that out first hand today. On Monday Darden announced that Clarence Otis would step down as chairman and chief executive officer, buckling under pressure from activist investors Barington Capital Group LP and Starboard Value LP. Furthermore, Orlando-based Darden said […]

Tyson Foods to Cut 950 Jobs, Close Three Factories

Tyson Foods (TSN)

Tyson Foods (TSN) will shut down three factories that make processed meat products that will result in 920 people losing their jobs. Tyson Foods recently won bidding for Hillshire Brands Co., but the company said the closure were not related to the acquisition. Tyson outbid Pilgrim’s Pride Corp with its $63 per share offer for […]

Chipotle Mexican Grill (CMG) Earnings Beat Has Stock Soaring

Chipotle Mexican Grill CMG

Chipotle Mexican Grill (CMG) stock soared to a new 52 week high after the company’s second quarter results handily beat analysts’ consensus estimates and it raised its fiscal 2014 comparable restaurant sales outlook. At the midday hour shares are up 13% to $667.14 or $77.21 a share. Volume is very heavy with 1.4 million shares […]

Investors Banking On Netflix (NFLX) To Gain New Subscribers

NETFLIX Earnings

Investors are waiting for Netflix (NFLX) to report second-quarter earnings on Monday, but more than that they wait in nervous anticipation for the number of new subscribers the online video-streaming company has added. Analysts are expect Netflix (NFLX) will earn $1.14 a share compared with 49 cents a share during the same period a year […]

Florida Jury Slaps R.J. Reynolds With $23 Billion in Damages

Wrongful death judgment

The widow of a Florida man who died of lung cancer 18 years ago has been awarded $23 billion in punitive damages in a trial against the R.J. Reynolds Tobacco Company, the nation’s second-biggest cigarette maker. It is not the first time a jury has voted against big tobacco companies in Florida. The U.S. Supreme Court […]

IBM Partnership With Apple Good For Stockholders

IBM

IBM shares are on the rise after the company announced an exclusive partnership with Apple (APPL) to transform enterprise mobility through a new class of business apps. In pre-market activity IBM (IBM) shares are up 2% . The stock closed at $188.40 yesterday on slightly higher than normal volume. Apple’s stock rose 1.6% in after-hours trading following […]

Hershey’s Increases Prices: Kisses Will Cost a Little More

hersheys kisses

If you are having a chocolate craving you will be shelling out more money to get your fix, starting Tuesday. Chocolate from Hershey’s now costs 8% more. This means that those Hershey’s Kisses, Kit Kats and Reese’s Peanut Butter Cups are an even more expensive guilty pleasure. The company said that the price increase was […]