Darden Restaurants on Thursday reported quarterly earnings and revenue that met analysts' expectations and better-than-expected same-store sales growth at Olive Garden and LongHorn Steakhouse. Shares of the company closed up 14% on Thursday. Here's what the company reported compared with what Wall Street was expecting, based on a survey of analysts by...
FedEx to spin off its freight trucking business
A driver of FedEx stands with packages near a delivery truck during Black Friday preparations in the Georgetown neighborhood of Washington, U.S., November 26, 2024. Benoit Tessier | Reuters FedEx announced the much-anticipated spinoff of its freight trucking division on Thursday, as it restructures operations to focus on its...
Pfizer forecasts 2025 profit in line with expectations as it seeks turnaround
Pfizer CEO Albert Bourla speaks during a press conference after a visit to oversee the production of the Pfizer-BioNtech Covid-19 vaccine at the Pfizer factory in Puurs, Belgium, April 23, 2021. John Thys | Reuters Pfizer on Tuesday forecast 2025 profits roughly in line with Wall Street expectations, offering...
Macy’s employee who hid $151 million in delivery expenses was trying to mask initial mistake, sources say
A Macy's store decorated for the holidays in San Francisco, California, US, on Wednesday, Nov. 13, 2024. David Paul Morris | Bloomberg | Getty Images Macy's on Wednesday said it has wrapped up an investigation into an employee who intentionally hid about $151 million of delivery expenses on its...