ATLANTA Rare Hospitality International Inc. has agreed to sell its 31-unit Bugaboo Creek Steakhouse chain to a holding of Trimaran Capital Partners, the private-equity owner of the Charlie Brown’s steakhouse group, for $28 million.The deal is...

Reports about the decline of traditional radio as an effective advertising medium have not been greatly exaggerated. The news just hasn’t reached the restaurant industry, which still considers radio alive and kicking.Overall radio revenue was flat...

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NEW YORK Well-known activist investor Daniel S. Loeb and the fund he manages, Third Point LLC, based here, disclosed a 7-percent stake in IHOP Corp., the parent company to the mostly franchised, 1,302-unit family-dining chain. While Third Point...