Business

Ruby Tuesday chain to be taken private in $146 million deal

Ruby Tuesday chain to be taken private in $146 million deal

In mid-morning trading, shares of Ruby Tuesday are jumping, up over 19% to $2.37 a share. When debt is included, the companies value the deal at $335 million. The struggling restaurant chain , Ruby Tuesday ( NYSE:RT ), announced two major things Monday when it released its first-quarter fiscal 2018 financial results and also said it would be acquired by a private equity firm.



Airbus to take majority stake in Bombardier C-Series jet programme

Airbus Chief Executive Office Tom Enders said an aircraft produced at an U.S. Airbus facility would not be subject to duties under the pending U.S. investigation. The Quebec government, through its financing arm, took a 49 percent stake in the CSeries program in 2015 for $1 billion (753.86 million pounds). "Ultimately, The U.S.


With Shares Trading up at $202.68 (NFLX) Netflix Releases Third-Quarter 2017…

With Shares Trading up at $202.68 (NFLX) Netflix Releases Third-Quarter 2017…

Cowen and Company now has a $215.00 target price on the Internet television network's stock. WARNING: " Netflix, Inc . ( NFLX ) Stock Rating Reaffirmed by Cowen and Company" was posted by BBNS and is the property of of BBNS. Earnings are slated to be 41 cents per share versus the 33 cents per share guidance, per Thomson Reuters . While that is a significant improvement from the $969 million reported previous year, it is down about 9% from the $1.92 billion that it started the quarter with.


Stellar and IBM are Instigating BlockChain Banking in Several Countries

Stellar and IBM are Instigating BlockChain Banking in Several Countries

Global technology company IBM has joined forced with blockchain startup Stellar and payments company KlickEx Group to enable high-speed cross-border payments for banks and other financial institutions. IBM wants to simplify the way funds are exchanged around the world and to reduce settlement time from days to seconds. IBM noted that the solution is already processing live transactions in 12 currency corridors across the Pacific Islands and Australia, New Zealand and the United ...


How Many MAN GROUP PLC ORD USD0.03428571 (LON:EMG)'s Analysts Are Bearish?

How Many MAN GROUP PLC ORD USD0.03428571 (LON:EMG)'s Analysts Are Bearish?

Market capitalisation for LON:ACL is £232,390,277 GBP. RBC Capital Markets has "Sector Performer" rating and GBX 120 target. The company was maintained on Tuesday, March 8 by Argus Research. COPYRIGHT VIOLATION NOTICE: "Glencore PLC (LON:GLEN) PT Set at GBX 420 by HSBC Holdings plc" was originally reported by StockNewsTimes and is owned by of StockNewsTimes.


Postal services and court sittings suspended in the wake of Storm Ophelia

Postal services and court sittings suspended in the wake of Storm Ophelia

They have now suspended services after 10am and are hoping to resume at 7pm or whenever it is safe to do so. O'Connor Brothers, also based in Cork, said the two services it had planned this morning were both postponed. The company is apologising the for any inconvenience caused but says the safety of passengers and employees is the utmost priority. People are being urged to stay indoors as the tropical storm makes its way through Ireland.