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Darden Restaurants

Starboard Takes All of Darden’s Board Seats

Darden Restaurants Inc the owner of the Olive Garden restaurant chain amongst others lost a battle of over 9 months against Starboard Value LP, which was able to convince investors to change the entire board of directors of the company today at its meeting of shareholders. Company investors voted for 12 directors at the annual […]

monsanto

Monsanto Loss Smaller, Forecasts Profits Below Estimates

Monsanto Co the largest seed company in the world reported a loss in the fourth quarter that was narrower on Wednesday saying it sees continued growth in the upcoming fiscal year on sales of soybean and corn seeds. Monsanto, which is known for its widely known genetically engineered soybeans, corn and others, as well as […]

euor disney

Disney to Bail Out Theme Parks

The Walt Disney Company is reaching into its deep pockets once again to help Euro Disney, the operator of the troubled Paris Disneyland theme park complex. The parent company, based in the U.S. is backing a bailout of $1.25 billion including a capital increase of 425 million and conversion of debt owed by Euro Disney […]

Stock Market News

Stocks in U.S. Dive Sharply, Airlines Much Lower

On Wednesday U.S. stocks plummeted with the Dow Jones industrial average off by over 245 points as of 2 p.m. Wall Street was hit hard from disappointing news economically and a drop in airline stocks due to the Ebola crisis. Investors moved their money to traditional safe havens during uncertainty such as gold, bonds and […]

American Apparel

New Interim CEO Named at American Apparel

American Apparel Inc in an attempt to move beyond a summer to forget named as its interim CEO a turnaround expert and a former executive at Nike as its new chief financial officer. Scott Brubaker who is one of the managing partners at Alvarez & Marshall the turnaround firm, was named as the clothing company’s […]

xbox360logo

Microsoft Delay Xbox One Release in China

In a last minute move, Microsoft has delayed the launch of the Xbox One in China. Originally scheduled to be released this Tuesday, the company is now saying it will be out before the end of the year. And they haven’t been exactly clear on the reason for the delay. A Microsoft spokesperson said, “At […]

toyota

Toyota Recalls 20k Over Possible Fuel Leak

Toyota announced on Thursday that the company will be recalling around 20,000 vehicles worldwide due to concerns of a possible fuel leak. Most of the recalled vehicles are in the United States but some were shipped to other countries, according to the company. Toyota Motor Sales USA announced that the recall concerns vehicles with a […]

iphone 6

Apple iPhone 6 Breaks Record in First 24 Hours

Apple stated on Monday that it has broken a record for first day preorders of the iPhone 6 and iPhone Plus 6 by netting more than four million preorders in the first day. To compare, the iPhone 5 has more than two million preorders when it was released two years ago, and saw first weekend […]