Wheel supplier Superior Industries swings to $4 million net loss
Wheel supplier Superior Industries reported a first-quarter loss of $4 million on Thursday.
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Ruth’s Chris deal could bring Darden expansion to Asia
Orlando-based Darden Restaurants’ $715 million deal to buy Winter Park’s Ruth’s Hospitality Group could open the door for other Darden brands to go global.
Darden, which owns Olive Garden and other chain restaurants, revealed Wednesday the deal to acquire Ruth’s, which has 80 company-owned or operated Ruth’s Chris Steak House restaurants and 74 franchised locations. Ruth’s has 23 international restaurants, including in Singapore, Hong Kong, and Tokyo.
“I think about the Asia presence,” Darden CEO Rick Cardenas said on a Thursday morning conference call with analysts. “If down the road, when we start talking to [Ruth’s Chris] franchisees, if they have some desire to add to their portfolio with some other Darden brands, that’s something that we can do.”
Darden already has 1,890 restaurants including Olive Garden, LongHorn Steakhouse, Cheddar’s Scratch Kitchen, Yard House, The Capital Grille, Seasons 52, Bahama Breeze, Eddie V’s and The Capital Burger.
As the United States gets more restaurants, it’s always good to consider expanding internationally, said San Diego-based restaurant analyst John Gordon.
Fox opposes fellow journalists trying to uncover documents
By DAVID BAUDER (AP Media Writer)
NEW YORK (AP) — Fox News is opposing a renewed effort by three news organizations to unseal documents related to its recently settled defamation lawsuit, saying it would do nothing but “gratify private spite or promote public scandal.”
The Associated Press, The New York Times and National Public Radio asked a Delaware judge earlier this week to reveal mostly private text messages and conversations between Fox employees shortly after the 2020 presidential election The information was uncovered during the Dominion Voting Systems lawsuit.
Fox lawyer Katharine L. Mowery, in a letter sent to Delaware Superior Court Judge Eric Davis and accepted by the court Thursday, said much of the material its competitors sought wasn’t relevant to the issues of the lawsuit.
Some material from the vast trove of evidence that Dominion gathered has already been released and proved newsworthy, showing that Fox hosts and executives didn’t believe the false allegations about Dominion’s voting equipment but still continued to air them. Some messages revealed former Fox host Tucker Carlson’s scorn for former President Donald Trump, including one text where he declared, “I hate him passionately.”
Workers at Missouri Yanfeng plant join UAW
Workers at a Yanfeng facility in Riverside, Mo., voted to join the UAW this week, citing low pay and poor labor practices.