ORLANDO, Fla. (AP) - Darden Restaurants Inc. says it is looking to either spin off or sell Red Lobster, part of its plan to boost shareholder value.
The company, which also runs Olive Garden and other restaurants, said Thursday that it is also suspending the opening of new Olive Garden locations
MENLO PARK, Calif. (AP) - Facebook says it plans to offer 70 million shares of stock for sale that includes more than 41 million shares from chairman and CEO Mark Zuckerberg.
The secondary offering of stock comes as the social media network prepares to join the Standard & Poor's 500 index.
JERUSALEM (AP) - An Israeli court has sentenced the former chairman of a major Israeli bank to a year in prison following his conviction on charges of fraud and breach of trust.
Danny Dankner served as chairman of Bank Hapoalim between 2007 and 2009 and in October confessed in a plea deal to the
MINNEAPOLIS (AP) - Target says that about 40 million credit and debit card accounts may have been affected by a data breach that occurred just as the holiday shopping season shifted into high gear.
The chain said that customers who made purchases using their cards at its U.S. stores between Nov. 27
By MARIA DANILOVA and YURAS KARMANAUAssociated Press
KIEV, Ukraine (AP) - Ukraine's President Viktor Yanukovych on Thursday suggested that Western governments should not interfere in the country's internal affairs, as he appeared to tilt further toward Russia after it offered his
BERLIN (AP) - Germany's Bayer AG is set to acquire cancer drug maker Algeta ASA after raising its offer for the Norwegian-based company to nearly $2.9 billion.
The two firms said Thursday drug and chemical company Bayer will make a cash offer of 362 kroner ($59.24) per Algeta share. Last month
By DANICA KIRKAAssociated Press
LONDON (AP) - Anglo-Swedish drugmaker AstraZeneca PLC will buy out Bristol-Myers Squibb Co.'s stake in their partnership to develop and sell diabetes drugs in a deal worth $4.1 billion - seizing an opportunity to serve the projected explosion of patients
STOCKHOLM (AP) - Scandinavian airline group SAS says it swung to a profit from a loss in the fourth quarter, but that tough competition and weak economic growth means it won't reach its financial targets in time.
The airline said profit for the quarter ending Oct. 31, was 352 million kronor ($
By VLADIMIR ISACHENKOV and NATALIYA VASILYEVAAssociated Press
MOSCOW (AP) - President Vladimir Putin says he will pardon jailed oil tycoon Mikhail Khodorkovsky after more than a decade in prison.
Putin told reporters after his marathon news conference Thursday that Khodorkovsky submitted an appeal
By YURIKO NAGANOAssociated Press
TOKYO (AP) - This holiday season Nintendo faces a critical test with its Wii U video game console that is pitted against Sony's PlayStation 4 and Microsoft's Xbox One as it seeks to revive flagging sales.
Analysts say there's a chance for the Kyoto-based
His stat line isn't overwhelming, but the imposing presence of 7-foot-6 Mamadou Ndiaye and his team's defense certainly is.
For the second time this season, UC Irvine held Eastern Washington University to 33 percent shooting or less and went on to hand EWU its first home loss in four tries
By DENISE LAVOIEAssociated Press
BOSTON (AP) - A Harvard student accused of making a bomb threat to get out of a final exam was under a great deal of pressure and seems remorseful, his lawyer said Wednesday after his client was freed on bail.
Eldo Kim, 20, was released on $100,000 bond into the
Daniel Lazcano and his brother Frank were arrested for the murder of Marcus Schur two years ago in Whitman County. Frank Lazcano has already been convicted in the case, and on Wednesday afternoon, after two previous mistrials, Daniel was found guilty by a jury in Spokane County.