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Stock Market & Financial Investment News

News Breaks
January 6, 2014
07:14 EDTHES, DRI, DDActivist investors make inroads in M&A, WSJ reports
Aggressive investors were a driving force behind a number of deals at big companies in 2013. According to FactSet SharkWatch, there were 10 instances in 2013 in which a U.S. company agreed to break itself up or sell or exit businesses after an investor pushed it to make such changes, even if the moves didn't always satisfy the activist, reports the Wall Street Journal.Reference Link
News For HES;DRI;DD From The Last 14 Days
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September 16, 2014
10:30 EDTDRIStarboard urges shareholders to vote for slate of board nominees
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September 15, 2014
10:12 EDTDRIDarden says current initiatives delivering 'encouraging' results
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10:10 EDTDRIDarden sees FY15 SG&A expenses lowest since going public
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09:59 EDTDRIOn The Fly: Analyst Upgrade Summary
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08:57 EDTDRI, DRIDarden upgraded to Outperform from Underperform at CLSA
September 12, 2014
08:49 EDTDRIDarden expects to maintain current quarterly dividend of 55c per share
08:49 EDTDRIDarden sees FY15 food costs up 2%-2.5%
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07:46 EDTDRIDarden issues statement regarding Starboard's operational plan
COO Gene Lee said, "We remain open minded toward all ideas that support long-term value creation for our shareholders and improve the dining experience for our guests. While we will carefully and thoughtfully review Starboard's plan, which has been promised by Starboard for some time, upon initial review, we believe many of the brand and cost optimization strategies are already being implemented across our company and are showing results. The Olive Garden Brand Renaissance is well underway, and the improvements we are seeing in guest satisfaction and traffic trends reinforce our confidence in Olive Garden's potential. In addition, our efforts to grow and develop LongHorn Steakhouse and our Specialty Restaurants are on track. As we evaluate the Starboard plan, we will work to continue making strong progress across our brands for the benefit of all Darden stakeholders, including our employees."
07:08 EDTDRIDarden sees Q2 adjusted EPS 26c-28c, consensus 26c
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07:07 EDTDRIDarden backs FY15 adjusted EPS 2.22-$2.30, consensus $2.23
These expectations reflect the Company's projection that U.S. same-restaurant sales growth for fiscal 2015 for Olive Garden, LongHorn Steakhouse and the Specialty Restaurant Group will be flat to +1%, +1% to +2% and approximately +2%, respectively. Current earnings expectations for the year also reflect previously announced plans for the opening of approximately 37 net new restaurants.
07:06 EDTDRIDarden: Olive Garden Renaissance plan beginning to delive rpositive results
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07:04 EDTDRIDarden reports Q1 Olive Garden's sales down 0.5% to $913.5M
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07:03 EDTDRIDarden reports Q1 LongHorn Steakhouse same-restaurant sales up 2.8%
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07:01 EDTDRIDarden reports Q1 adjusted EPS 32c, consensus 32c
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06:09 EDTDRIStarboard releases detailed transformation plan for Darden
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September 11, 2014
15:10 EDTDRIDarden technical comments before earnings
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15:10 EDTDRINotable companies reporting before tomorrow's open
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12:03 EDTDDUSDA raises U.S. corn yield forecast to record
In its monthly World Agricultural Supply and Demand Estimates, or WASDE, report, the U.S. Department of Agriculture's corn yield forecast is raised 4.3 bushels per acre to a record 171.7 bushels. Corn production for 2014/15 is forecast 363 million bushels higher at a record 14,395 million bushels. Total 2014/15 corn usage is projected at 13,605 million bushels, up 170 million from last month. Although a record, usage is expected up just 5 million bushels from 2013/14 as export prospects remain constrained by large foreign carryin stocks, the USDA wrote. Publicly traded companies in the agriculture space include Agrium (AGU), Andersons (ANDE), Archer Daniels (ADM), Bunge (BG), CF Industries (CF), Compass Minerals (CMP), DuPont (DD), Intrepid Potash (IPI), Monsanto (MON), Mosaic (MOS), Potash (POT) and Syngenta (SYT).
September 10, 2014
17:49 EDTDRIStarboard Value says Darden has not fully complied with Florida courtís order
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09:07 EDTDRIDarden Restaurants volatility elevated into Q2 and growth outlook
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