News: Darden Restaurants Inc (DRI)

DRI on New York Consolidated

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4 Mar 2015
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Mon, Feb 23 2015

Darden interim CEO Eugene Lee to take over top job

- Darden Restaurants Inc, the parent of Olive Garden and LongHorn Steakhouse chains, said interim Chief Executive Eugene Lee would take over the job permanently, effective immediately.

UPDATE 1-Darden interim CEO Eugene Lee to take over top job

Feb 23 - Darden Restaurants Inc, the parent of Olive Garden and LongHorn Steakhouse chains, said interim Chief Executive Eugene Lee would take over the job permanently, effective immediately.

Darden Restaurants names Eugene Lee as CEO

Feb 23 - Darden Restaurants Inc, the parent of Olive Garden and LongHorn Steakhouse chains, said interim Chief Executive Eugene Lee would take over the job permanently, effective immediately.

Hedge fund Barington proceeds with proxy contest at OMNOVA: filing

BOSTON - Hedge fund Barington Capital Group filed preliminary proxy statements with the U.S. Securities and Exchange Commission and is proceeding with a proxy contest to elect three alternative directors to the board of OMNOVA Solutions, the documents show.

UPDATE 2-Starboard intervention helps boost Darden sales

* Q2 adj earnings/shr $0.28 vs. Est. $0.27 (Adds details from conference call, share milestone)

Darden sales rise on growing demand at Olive Garden

- Darden Restaurants Inc reported a 4.9 percent rise in quarterly sales, helped by higher comparable sales at its flagship Olive Garden chain, and raised the lower end of its adjusted profit forecast for the full year.

Darden sales rise on growing demand at Olive Garden

Dec 16 - Darden Restaurants Inc reported a 4.9 percent rise in quarterly sales as demand rose at its flagship Olive Garden chain.

Starboard-controlled Darden board scraps poison pill

Nov 13 - Darden Restaurants Inc said it would revise management pay, ditch its poison pill and make it easier for shareholders to call special meetings as activist investor Starboard Value LP puts its stamp on the owner of the Olive Garden restaurant chain.

UPDATE 1-Barington Capital seeks new board members at Ebix

Nov 11 - Ebix Inc shareholder Barington Capital Group said the insurance software maker needs new independent directors to improve oversight and suggested four candidates.

Fitch Solutions: Management Shakeups Drive Darden's CDS Out 47%

(The following statement was released by the rating agency) NEW YORK, October 21 (Fitch) Recent managerial changes at Darden Restaurants have sent the company's credit default swap (CDS) spreads to levels not seen in over a year, according to Fitch Solutions in its latest CDS case study snapshot. Five-year CDS on Darden have widened 47% over the past month. After pricing historically at 'BB+' levels, credit protection on Darden's debt is now pricing a notch lower in 'BB' territory. Increas

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