Darden Restaurants to buy Cheddar's Scratch Kitchen for $780 mln
March 27 Olive Garden owner Darden Restaurants Inc said on Monday it would buy Cheddar's Scratch Kitchen for $780 million in an all-cash transaction.
TOKYO, March 26 Toyota Motor Corp will buy back up to 1.89 percent of its issued shares worth up to 360 billion yen ($3.5 billion), with half to be allocated to benefit a charity foundation while half will be cancelled, the automaker said on Wednesday.
Toyota will sell 30 million shares to Japan Trustee Services Bank for a token sum of 1 yen per share, with the dividends to be used to fund a new foundation Toyota is establishing.
The remaining 30 million shares will be cancelled.
The plan is subject to approval by an annual general shareholders' meeting set to take place in June, the company said.
The shares will be purchased after the shareholders' meeting and no later than March 26, 2015. The shares closed on Tuesday at 5,621 yen. ($1 = 102.3200 Japanese Yen) (Reporting by Yoko Kubota; Editing by Edmund Klamann)
March 27 Tesla Inc founder and Chief Executive Elon Musk has launched a company called Neuralink Corp through which computers could merge with human brains, the Wall Street Journal reported, citing people familiar with the matter.