Business News

chickfila-021015.jpegChick-fil-A will open its first full-service restaurant in New York City on Saturday, as it seeks to aggressively expand across the nation. Privately-held Chick-fil-A, known for its fried chicken sandwiches, waffle fries and sweet tea, will open its largest ever restaurant near Herald Square in midtown Manhattan.

General Mills Recalls Limited Quantity Of Frozen Cascadian Farm Cut Green Beans

General Mills (GIS), a maker of branded consumer foods, on Friday announced a voluntary recall of a limited quantity of frozen Cascadian Farm Cut Green Beans produced on one day in June 2015. The company said the recall is limited to 16-ounce bags of frozen Cascadian Farm Cut Green Beans with a "Better...

Earnings Reported After The Bell Oct. 1

Here is a quick summary of the earnings reported after the bell on October 1. CalAmp Corp (CAMP) Q2 net earnings were $3.5 million or $0.10 per share compared with $3.3 million or $0.09 per share last year. Adjusted earnings for the quarter were $0.27 per share compared with $0.21 per share...

IMF Cuts Ukraine's GDP Outlook

The International Monetary Fund downgraded the economic outlook for Ukraine. The lender also reportedly urged authorities to adhere to the terms of bailout and resolve budget issues. IMF mission chief for Ukraine, Nikolay Gueorguiev said Saturday the economy is forecast to contract 11 percent this...

Magna To Buy U.K.-based Stadco

Canadian auto-parts giant Magna International Inc. (MGA) said Friday that it has agreed to buy Stadco Automotive Ltd., an independent Tier 1 Body-In-White supplier based in the United Kingdom. Financial details of the acquisition were not disclosed. Stadco has industry leading expertise in the...

Xenoport Inc. (XNPT) Has Surged To A 2-Week High After New CEO Named

Xenoport Inc. (XNPT) announced after the bell Thursday that it plans to shift its focus to its HORIZANT business. Ronald W. Barrett, Ph.D. has also retired as Chief Executive Officer and as a Director of XenoPort, effective immediately. Vincent J. Angotti, Executive Vice President and Chief Operating...

Albertsons Expects To Price IPO In $23-$26 Per Share Range - Quick Facts

Albertsons Companies, Inc. announced an initial public offering of its common stock, under which the company is offering 65,306,122 shares of common stock. Albertsons expects the offering price to be between $23.00 and $26.00 per share. The company will receive net proceeds of approximately $1.531 billion,...

Raymond James And Cisco Conference Call On Software At 12:00 PM ET

Cisco Systems Inc. (CSCO) will host a conference call with Raymond James to discuss Cisco's software story at 12:00 PM ET on October 2, 2015. To access the webcast, log on to http://investor.cisco.com Dial in #: 800-867-6304 or 706-679-5438 with Code: 49662523 for listen only call.
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