Restaurants

It was revealed on Tuesday that Benihana (NASDAQ: BNHN) is to be acquired by the private equity group Angelo, Gordon & co for $296 million, and the company's stockholders will each receive $16.30 per share. The terms of the agreement have been approved by the Benihana board of directors and...

OpenTable (NASDAQ: OPEN), a service for reserving tables at restaurants, is trading around 0.5% higher for the day. The firm beat fiscal first-quarter earnings after Tuesday's market close, reporting adjusted earnings per share of $0.40 vs a consensus analyst estimate of $0.34. The firm has a...

With Facebook expected to go public in May, all eyes are on the social network giant and most expect it to perform well. Not only that, but analysts are hoping that the Facebook IPO, obviously the biggest IPO in some time, will provide a much needed boost to a market that has done little to inspire...

With an approval rating lower than some venereal diseases, and a hot-steaming pile of “super committee” to deal with, you'd think Congress would pick and choose the laws going through its docket to avoid incensing an increasingly frustrated public. Last week's decreeing of pizza as a vegetable,...

LivingSocial, the international online mobile service for group or crowd sourced discounts, has revealed the customer purchasing trends gathered from it's Q3 data. According to Market Watch, “LivingSocial members were busy dreaming of becoming race car drivers, prepping for football season and...

You'd think that charging $6 a cup for coffee would be a crime in and of itself. I mean, for that price, you can buy an entire can of home brew and have coffee for weeks. But then, I suppose you miss out on the joy of waiting in a long line to have some snot-nosed kid put together your extra...

Despite the speed-suggesting name and the hyper-hedgehog which shares it's name, Sonic Corp (NASDAQ: SONC) always seem to be playing catch-up within the unforgiving and ultra-competitive world of fast-food. Fast food. It is all in the name. Lag a little and a chain can find itself towards the...

You have to imagine that, when the original concept of the pizza was dreamed up many, many years ago, with the finest dough base, the tastiest sauce and the freshest toppings, the last thing that the good people of Italy had in mind was the grilled cheese pizza. Having said that, one would have to...

Boston-based chain Friendly's Ice Cream has announced via a press release that it will Chapter 11 bankruptcy in order to “implement quick financial restructuring”. According to the release, “424 Friendly's restaurants will be open for business as usual during the Company's financial restructuring...

Friendly Ice Cream is apparently close to filing for Chapter 11 bankruptcy protection, and then selling up. The restaurant chain, which employs approximately 10,000 people in more than 500 restaurants, could seek protection from creditors this week. The Wilbraham, MA-based chain is being forced...