HOUSTON Luby’s Inc. urged its shareholders on Thursday to reject all four board of director nominees from its largest independent shareholder, the 7.1-percent holder Ramius Capital Group LLC. The cafeteria chain asked that shareholders re-elect...
PITTSBURGH The Pennsylvania Restaurant Association may file a lawsuit challenging the 10-percent alcoholic-drink tax that was passed Wednesday by the Allegheny County Council, said association president Patrick Conway. The measure would...
SAN JOSE Calif. Santa Clara County’s Board of Supervisors voted unanimously Tuesday to ask county health officials to draft an ordinance that would require local chain restaurants to post calorie counts on menus and menu boards. Other areas...
NASHVILLE Tenn. Activist hedge fund Crescendo Partners upped its aggregate holding in casual-dining company O’Charley’s Inc. to 10.2 percent of the restaurant company’s outstanding shares. In a filing made late Wednesday with federal...
CHICAGO The U.S. attorney’s office here said it was providing state health officials with the names of several hundred food handlers who allegedly bought food-safety sanitation certificates from two former health department inspectors. The...
LEBANON Tenn. CBRL Group Inc. said Tuesday that same-store restaurant sales at its Cracker Barrel chain increased 2.5 percent for the four weeks ended Nov. 30. The monthly jump from a year earlier reflected a 3.6-percent hike in the average...
BOCA RATON Fla. Sun Capital Partners Inc. is adding a barbecue concept to its burgeoning restaurant portfolio by paying $80 million for the remains of Darden Restaurants Inc.’s Smokey Bones Barbeque & Grill chain. If the deal closes as...
LOS ANGELES Farallon Capital Management LLC, a San Francisco-based hedge fund, said it upped its stake in California Pizza Kitchen Inc. to about 1.56 million shares, or a 5.3 percent stake. In a filing made Monday with the U.S. Securities...