Red Robin Gourmet Burgers adopts shareholder rights plan

Red Robin Gourmet Burgers Inc. RRGB, +4.17% said Wednesday its board has adopted a shareholder rights plan, a move aimed at protecting the company from an unwanted takeover bid. The fast-casual restaurant chain is currently searching for a chief executive and seeking to execute a strategic plan to position the company for long-term growth. On Tuesday, Vintage Capital said in […]

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This Monet painting’s return on investment just blew away the S&P 500

Wall Street will tell you stocks are always the best long-term investment. Try telling that to art lovers. Especially after what happened Tuesday night. A painting by legendary 19th-century French impressionist Claude Monet fetched a record $110.7 million in a frenzied eight-minute bidding war at Sotheby’s auction house in New York. Not only is that reported to be the highest […]

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Callaway Golf shares drop after weak guidance for new acquisition

Callaway Golf Co. ELY, -6.17% shares fell 5.8% in Friday trading after the company gave weak sales guidance for its newly-acquired outdoor apparel acquisition. Net income totaled $48.6 million, or 50 cents per share, down from $62.9 million, or 65 cents per share. Adjusted EPS was 63 cents. Sales totaled $516.2 million, up from $403.2 million in 2018. The FactSet […]

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That ‘Game of Thrones’ coffee cup is worth at least $250,000 in product placement for Starbucks

Starbucks just scored the mother of product placements — and from none other than the Mother of Dragons. Eagle-eyed “Game of Thrones” fans noticed a drink that strongly resembled one of the Seattle coffee giant’s signature coffee cups sitting on a table in front of Queen Daenerys Targaryen (Emilia Clarke) in Sunday night’s episode. And the incongruous paper cup has […]

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Barack and Michelle Obama unveil slate of series, films coming to Netflix

NEW YORK — Barack and Michelle Obama on Tuesday unveiled a slate of projects they are preparing for Netflix, a year after the former president and first lady signed a deal with the streaming platform. The Obamas’ production company, Higher Ground Productions, on Tuesday announced a total of seven films and series that Barack Obama said will entertain but also […]

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WWE stock taking worst two-day beating in 5 years, but analysts expect it to pop back up

Shares of World Wrestling Entertainment Inc. slumped Friday, extending the previous session’s sharp selloff, but Wall Street analysts remained mostly upbeat, saying the issues that led to disappointing first-quarter results were temporary. The stockWWE, -2.18%  fell 3.7% in afternoon trade, on track to close at a 2 1/2-month low, after tumbling 13.3% on Thursday. The two-day drop of 16.5% is […]

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