Parent Company of Olive Garden and Red Lobster, Darden Restaurants Inc. (NYSE: DRI) said on Friday that fiscal first quarter earnings fell sharply as rising labor and food costs dented margin even as the restaurant operator’s biggest chain did not fare well. For the period which ended Aug. 25, same-store-sales at Olive Garden fell 4% [...]
Shares of Zynga Inc. (NASDAQ: ZNGA) plunged about 4.65% by afternoon trade. Morgan Stanley’s analyst Scott Devitt downgraded the social game maker’s stock to “underweight” from “overweight”. The research reports said that the popularity of its titles such as “FarmVille” “Poker” was fading fast as the competition was rising, adding that Zynga still relies far [...]
Galena Biopharma Inc (NASDAQ: GALE) shares rallied on Tuesday after the company announced that it has signed an agreement with a subsidiary of Teva Pharmaceutical Industries Limited for the commercialization of NeuVax nelipepimut- in Israel. [...]
Shares of Darden Restaurants Inc. (NYSE: DRI), owner and operator of restaurants, are gaining in trading today after the company reported strong first-quarter results. DRI also declared a quarterly cash dividend of $0.50 per share. [...] |
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