Red Lobster to exit bankruptcy

Published: Sep 05, 2024 Duration: 00:03:20 Category: News & Politics

Tags : Breaking News money World News us news financial news news channel stock market stocks business news CNBC news station finance stock cable cable news finance news money tips stock market news Squawk Box U.S.

Trending searches: red

investor Vladimir galin raising his stake in Jet Blue further gwan who has been steadily building up his position in the carrier this year now holds just under 10% of the shares making him jet Blue's third largest investor behind Black Rock and Vanguard galcon told Bloomberg that he met with jet Blues both the CEO and CFO earlier this week to discuss a possible board seat he a Florida he's a Florida man Florida man making invest Florida entrepreneur who cashed in on a gamestock during the mem stock craze and the parent company of 7-Eleven rejecting that $39 billion buyout offer from Canada's cushard as too low Japan's 7 and I said that the bid significantly undervalues the convenience store operator and said that it doesn't consider potential regulatory hurdles cushard owns the circle K chain in the United States Andrew meantime a bankruptcy court now approving Red Lobster plan to exit chapter 11 bankruptcy protection this is part of the restructuring plan a group of investors are going to be acquiring the restaurant chain by the end of the month now after the acquisition closes the investors will replace the current CEO with a former CEO of PF Changs Red Lobster currently operates 544 restaurants across the US and Canada and I like Red Lobster and I like P you do you been there I don't believe you when the last time you've been to you haven't been to a Red Lobster right across the street back this way I'm sorry when I was in IND you have not been to a Red Lobster in 20 years oh easily you're wrong really easily you're wrong I haven't been to one in so long easily you're wrong you're not some I don't know if it's still here but Daniel belud lobster place come on we're on 41st here okay uh I'm sorry 43rd 41st you ever been to an don't lie to me you ever been to I have and I've got a story to tell about I was in an ol Garden in February on the road driving back from Indiana we stopped and we ate it okay I take it all back I take it all what did you get it what do you get at you get Lobster at at Olive Garden my story no oh yeah okay I want to hear that a young man and it was the first and probably only time I was hit on by a waitress and I will always remember that I she put her number on the back of the bill Andrew my first date was at a at saying that's you ask for a story that's my story let me ask you let me ask long did did you use that number I did not you did not why not would you would would you say there was a mutual um sort of a no it happened to be this is too long we got we got to go back how long ago was this this a long time ago it affected you affected you deeply because it was so such an unusual situation trust me it was unusual God I love coming up on the other side of this a closer at the I window 70 was she that slam shot in July Leslie picker is going to be with us right after this as we head to a break a look at yesterday's S&P 500 winners why didn't you call her why didn't you call her it just spill she was seven

Share your thoughts

Related Transcripts

Eli Lilly releases new form of weight loss drug Zepbound for half the price to boost access, supply

Category: News & Politics

>> kim, thank you, and we will check in with you again. we appreciate it. >> have a great day. >>> we have news from eli hreul lee, the pharma giant making a play for people who want its obesity drug zepbound but can't get it covered insure insure, and it's about half the list price. patients... Read more

Eli Lilly's Zepbound single-dose vials will expand access to more patients: Mizuho's Jared Holz

Category: News & Politics

Last of the major american sports leagues to take this step. >> eli lilly announcing single-dose vials of its anti-obesity drug, zepbound. the company says that these will be available for self-pay for patients with an on-label subscription, and that they'll be discounted. lily says this will... Read more

Reddit co-founder Alexis Ohanian on the rise of women's sports

Category: News & Politics

>>> welcome back, everybody. now for a look at investing in women's sports. the paris games and much more. we've got alexis ohanian, venture capitalist, and former executive editor of reddit. he's the founder of 776. instead of jumping right in with what your newest news is in track and field, i... Read more

Pat Toomey on House GOP debt limit bill: Kevin McCarthy pulled off something very impressive

Category: News & Politics

Pat toomey on house gop debt limit bill >>> house speaker kevin mccarthy scoring a victory in washington's show down over the debt ceiling with republicans squeezing a bill through the house that would extend the debt limit for a year in return for spending cuts and support for the fossil fuel industry... Read more

US Open: Coco Gauff’s coach Brad Gilbert gives his verdict on the American’s progress amid criticism

Category: Sports

Coco gf s coach brad gilbert has expressed his confidence that good things will happen for american star after her difficult 2024 us open campaign former world no4 highlighted the fact goff has accomplished a lot during the pair s player coach relationship and pointed to the 20-year-old s huge upside... Read more

Former Sen. Pat Toomey: LNG export pause is a 'blatant political move' by the Biden administration

Category: News & Politics

Mike >> steve, thank you very much. >>> meantime, the biden administration's plan to pause lng export approvals and that is now putting energy sector in the spotlight this morning for story, we brin in pat toomey and mary landrieu, democrat from louisiana. good morning to both of you. i think i know... Read more

Former Maryland Gov. Larry Hogan on 2024 Senate race, the national debt and working across the aisle

Category: News & Politics

Salesforce set to pop at the open. a big upside. nasdaq ahead by 47. >>> race are to the open u.s. senate seat in maryland is heating up. former republican governor larry hogan is taking on prince georges county executiveangela o ossalbrooks. former governor hogan joins us this morning and larry,... Read more

Corporate tax reform was Trump administration's most important plus, says Wharton's Siegel

Category: News & Politics

The most important plus of the trump administration it can't be reversed i mean the oddsmakers are you know are saying three-to-one the senate is going to remain republican so that's not going to be reversed and i mean then that was a the most important and i think the most important plus of the trump... Read more

Wharton's Jeremy Siegel: No way Democrats can hold the Senate if Trump wins the presidency

Category: News & Politics

Still got a ways to go, mike. joining us now to talk about potential market implications of this past weekend's violence in pennsylvania, jeremy siegel, professor emeritus of finance at the university of pennsylvania's wharton school of business. chief economist at wisdom tree. just over the years,... Read more

The Fed needs to make an emergency cut, says Wharton's Jeremy Siegel

Category: News & Politics

49.80 49.80 and earlier tom lee said when we see the vix peak coming down a little, that could indicate some kind of -- >> joining us is chief economist at wisdom tree, and jeremy, i hate -- you probably aren't happy to say i told you so either given, you know, what we're witnessing, but you... Read more

Apple CFO Luca Maestri to step down on January 1: Here's what to know

Category: News & Politics

>>> a shakeup in apple's top management tier and steve kovac is here with more on the details. >> this was a shocking move here. cfo luca maestri is stepping down from his role. that's going to be effective on january 1st of next year. taking over is kevan parekh one of luca maestri's top lieutenants... Read more

Brad Gilbert on Coco Gauff: If she were a stock, you'd still put a buy rating on it

Category: News & Politics

>>> okay. let's talk tennis. the latest coming out of the u.s. open tennis tournament, in investments also from brad gilbert, former pro tennis player, now tennis coach. you've been a long time friend of the show. you've been -- what is your longest holding position? you've been -- microsoft?... Read more