Shares of Darden Restaurants Inc. fell on Thursday, after the operator of Olive Garden, Red Lobster and LongHorn steakhouse said its fourth-quarter profit fell more than analysts expected as consumer spending remained volatile.
THE SPARK: The restaurant chains' combined revenue at locations open at least a year declined 2.3 percent in the company's 2010 fiscal fourth quarter. The Orlando, Fla.-based company's CEO said month-to-month sales volatility in the industry during the March-through-May period "is an indication consumers remain cautious." Still he said in this fiscal year he expects economic and industry conditions to improve, with same-restaurant sales growth at the chains seen rising 2 precent to 3 percent.
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Thursday, June 24, 2010
Abramoff's Updated Resume: Fraudster Now Working at Baltimore Pizza Restaurant
Jack Abramoff, the Washington lobbyist who once snapped photos with President Bush, is now working at a pizza joint in Baltimore, the Jewish Times of Baltimore reports.
After serving 43 months in prison, Casino Jack has been hired by Tov Pizza, a kosher pizza restaurant, and is working in the back office, according to a report by The New York Times, which recently sent a reporter on an unsuccessful stake out.
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After serving 43 months in prison, Casino Jack has been hired by Tov Pizza, a kosher pizza restaurant, and is working in the back office, according to a report by The New York Times, which recently sent a reporter on an unsuccessful stake out.
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Toronto hotel workers strike ahead of G20 summit
June 24 (Reuters) - Employees at a downtown Toronto hotel hosting Group of 20 summit delegates walked off the job on Thursday, two days before the gathering of world leaders begins.
Several dozen picketing workers at the Hotel Novotel Toronto Centre (ACCP.PA) blocked traffic, banged pots and blew "vuvuzela" noise-makers outside the French-owned hotel.
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Several dozen picketing workers at the Hotel Novotel Toronto Centre (ACCP.PA) blocked traffic, banged pots and blew "vuvuzela" noise-makers outside the French-owned hotel.
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700-Plus Credit Cards Stolen from Hotel
Computer hackers targeting travelers at luxury hotels across the country made off with hundreds of thousands of dollars during the past three months by breaking into the computer system of a national hotel chain and stealing the guests' credit card information, Texas police officials told ABC News today
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