Olive Garden Owner Darden Buys Ruth’s Chris Steakhouse for About $715 Million
Darden Restaurants Inc., the owner of Olive Garden, said it’s buying Ruth’s Hospitality Group Inc., an upscale steakhouse chain of 154 locations, for about $715 million.
Bloomberg Business
Olive Garden Owner Darden Buys Ruth’s Chris Steak House for About $715 Million
Darden Restaurants Inc., the owner of Olive Garden, said it’s buying Ruth’s Hospitality Group Inc., an upscale steakhouse chain of 154 locations, for about $715 million.
Weight Loss Brand Jenny Craig to Shutter, NBC Reports
Jenny Craig, the weight loss and nutrition business backed by H.I.G. Capital, will shut down after four decades of operation after failing to secure additional financing, NBC reported.
Oil Cargo in Sanctions-Busting Claim Had Inconsistent Paperwork
A shipment of diesel at the center of a European Union sanctions-busting claim had an inconsistency in its paperwork.
South Africa Revamps Banknotes to Thwart Counterfeiting
South African Reserve Bank Governor Lesetja Kganyago unveiled upgraded banknotes that will incorporate enhanced security features, including color-changing ink, to prevent counterfeiting.
F1 Driver Mazepin Dumped After Ukraine Invasion Fights Sanctions
Nikita Mazepin, the Formula 1 racing driver dropped from his team following Russia’s invasion of Ukraine, has turned to court to lift British sanctions, calling them “unlawful.”
US Crypto Traders Avoiding Billions in Tax by ‘Loss Harvesting’
Crypto traders are avoiding billions of dollars in tax by taking advantage of wild price swings to “harvest” losses so they can be offset against other profits, according to a paper published by the National Bureau of Economic Research.
IBM Chief’s Message to Remote Workers: ‘Your Career Does Suffer’
Working from home is suitable for some roles, Arvind Krishna said, but those who aspire to move up the ranks need to be in an office.
EU Pledges €500 Million to Boost Ammunition Output in Europe
The European Union is setting aside €500 million ($551 million) to boost manufacturing of artillery shells, missiles and gunpowder in an effort to speed up production of ammunition for Ukraine and galvanize the bloc’s defense industry.
Twitter Makes Second Interest Payment on Elon Musk’s Buyout Debt
Twitter Inc. made its second interest payment on the $12.5 billion in debt that Elon Musk used to take the social media giant private last year.