Archive for January, 2011

Darden Restaurants Sees Q3 EPS Above Estimates, Lifts 2011 Earnings View

Comments Off

Multi-brand restaurant chain Darden Restaurants, Inc. (DRI) announced Monday its earnings expectations for the third quarter, above Street estimates, as a result of continued improvement in sales and traffic. The company also raised its earnings outlook for the full-year 2011, citing the improving economic environment.


Chevron To Build $1.4 Bln Lubricants Plant At Pascagoula Refinery – Update

Comments Off

Integrated energy company Chevron Corp. (CVX) said Monday that it will construct a $1.4 billion lubricants manufacturing plant at its Pascagoula refinery in Mississippi as part of its efforts to expand production of premium base oil.


Pfizer Says 92.5 Percent Shares Of King Pharma Accepted On Tender Expiry

Comments Off

Pharmaceutical giant Pfizer, Inc. (PFE) announced Monday that it has has accepted for purchase about 230.72 million shares or about 92.5 percent of the outstanding shares of King Pharmaceuticals, Inc. (KG) common stock as of the expiration of the offering period on Friday.