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Darden buys Ruth’s Chris Steak House for about $715 million

Published Wed, 26 Feb 2025 02:04:52 GMT

The Ruth’s Chris Steak House chain is being acquired by Darden Restaurants for about $715 million. The original Chris Steak House was opened on New Orlean’s Broad Street in 1927, and it was acquired by Ruth Fertel in 1965. The company has 154 locations worldwide, including 80 company-owned or -operated restaurants and 74 franchised restaurants.The company, now based in Winter Park, Florida, suffered as most restaurants did during the pandemic, closing 23 restaurants in early 2020, furloughing workers and announcing that executives were taking less pay. Shares of Ruth’s Hospitality Group Inc., which owns the restaurants, recovered within a year of the outbreak. Shares were halted before the market opened and jumped more than 30% at the opening bell. Darden, also based in Florida, is acquiring all outstanding shares of Ruth’s for $21.50 per share, a 34% premium. “Ruth’s Chris is a strong and distinctive brand in the fine dining segment with an impressive history of deliver...

Fortis: Q1 Earnings Snapshot

Published Wed, 26 Feb 2025 02:04:52 GMT

ST. JOHN`S, Newfoundland (AP) — ST. JOHN`S, Newfoundland (AP) — Fortis Inc. (FTS) on Wednesday reported first-quarter earnings of $335 million.On a per-share basis, the St. john`S, Newfoundland-based company said it had net income of 67 cents.The results topped Wall Street expectations. The average estimate of four analysts surveyed by Zacks Investment Research was for earnings of 61 cents per share.The electric and gas utility posted revenue of $2.45 billion in the period._____This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on FTS at https://www.zacks.com/ap/FTSSource

Stock market today: Wall Street drifts higher ahead of Fed

Published Wed, 26 Feb 2025 02:04:52 GMT

NEW YORK (AP) — Stocks are drifting higher in early trading ahead of what Wall Street hopes will be the last hike to interest rates for a long time. The S&P 500 was 0.2% higher in the early going Wednesday after slumping the prior day. The Dow was barely lower and the Nasdaq was up 0.2%. The spotlight is squarely on the Federal Reserve, which will announce its latest move to combat high inflation in the afternoon. The Fed is expected to raise its overnight rate again, to the highest level since 2007. More important is what clues the Fed gives about upcoming moves.THIS IS A BREAKING NEWS UPDATE. AP’s earlier story follows below.Wall Street pointed slightly higher Wednesday as markets digest more corporate earnings while waiting for a decision on interest rates by the Federal Reserve. Futures for the Dow Jones industrials ticked up 0.1% and the S&P 500 gained 0.3% before the bell. Shares in Europe rose while markets in Japan and China were closed Wednesday for holidays. As wor...

Colorado woman dead after plunge from Manhattan hotel roof: police sources

Published Wed, 26 Feb 2025 02:04:52 GMT

MANHATTAN, N.Y. (PIX11) — Police are investigating the death of a Colorado woman after she plunged from the roof of a Times Square hotel Tuesday night.The 20-year-old woman's body was discovered on some scaffolding below the OYO Hotel on West 47th Street in Manhattan around 10:30 p.m., according to the NYPD. It was unclear whether the woman fell or was pushed. Caught on camera: Thieves use rope to pull ATM out of bar Before her death, the victim was in a dispute with a 24-year-old man, identified by police as Tyler Griffen, inside their hotel room that spurred several 911 calls from concerned guests, police said. The pair also had a 1-year-old boy that was discovered in their room, according to police sources.Police sources described Griffen as emotionally disturbed, and said arriving officers had to use a Taser to subdue him. He was brought to Bellevue Hospital for an evaluation, police said. Griffen, from Littleton, Colorado, was charged with reckless endangerment and acting in...

What happens if you get a red light ticket in Denver?

Published Wed, 26 Feb 2025 02:04:52 GMT

DENVER (KDVR) -- Have you ever received a letter in the mail with a ticket for running a red light in Denver? You are not alone.The City of Denver said there are four red light cameras in the city, as well as five radar vans. These are the worst Denver intersections for red-light runners caught on camera Where are the red-light cameras in Denver?According to the City of Denver, here is where the red-light cameras are located:Eastbound 6th Avenue and Kalamath StreetEastbound 6th Avenue and Lincoln StreetWestbound 8th Avenue and Speer BoulevardNorthbound 36th Avenue and Quebec StreetHow much does a red-light photo ticket cost?The fine for a photo red light ticket is $75. However, you can also be ticketed if your front tires have completely crossed the white stop line. In that case, the ticket is $40. If your two rear tires have crossed the white stop line, you will receive a $75 fine. Denver’s oldest restaurant has been around for 130 years You will not receive any points against ...

Veal Meatballs with Puttanesca Sauce / La Fuga, Fort Lauderdale

Published Wed, 26 Feb 2025 02:04:52 GMT

The Chef: Michael MayerThe Restaurant: La Fuga, Fort LauderdaleThe Dish: Veal Meatballs with Puttanesca SauceIngredients:Veal Meatballs:2lb ground veal½ cup garlic cloves, minced2 cup shallots, minced¾ cup parsley, chopped4 Tbsp thyme, chopped6 Tbsp Calabrian pepper flakes, toasted and ground2 tsp cayenne4 Tbsp fennel seed, toasted3 cups of 2 day old sourdough bread, torn into small pieces1 ½ cup milk6 each eggs, beaten1 cup parmigiano reggiano, grated4 tsp kosher salt2 tsp fresh ground black pepperPuttanesca Sauce:¼ cup fresh garlic, minced1 ½ cup yellow onion, small dice¼ cup 50/50 blended oil2 cans San Marzano tomatoes, pulsed in robot coup, not pureed1/3 cup anchovies, minced2 Tbsp Calabrian pepper flakes2 Tbsp fresh oregano chopped2 Tbsp fresh basil chopped1 tsp fresh ground black pepper½ cup whole capers¼ cup capers, chopped1 cup Kalamata olives, rough chop¾ cup Italian mixed olives, rough chop2 cups waterMascarpone Polenta:2 cups whole milk3 cups water1 cup polenta1.5 cup mas...

Northern Ireland’s civil servants: It’s up to UK ministers, not us, to fix fiscal crisis

Published Wed, 26 Feb 2025 02:04:52 GMT

Northern Ireland’s senior civil servants told a parliamentary committee Wednesday it will be up to the British government, not themselves, to impose an estimated £800 million in spending cuts and tax hikes needed to balance the region’s debt-addled books.Their warning — the first in public by officials who normally keep their views away from public microphones — follows a trio of reports Tuesday from the Northern Ireland Fiscal Council identifying a range of possible measures to bring red ink under control at Stormont, where a Brexit-related walkout by the Democratic Unionists has put cross-community government on ice and left civil servants effectively running the show.The advisory body said Northern Ireland faced a 3.3 percent spending cut this year in real terms, taking account of inflation, unless more revenue could be found. One measure floated to balance the books includes the introduction of household water charges already levied elsewhere across the U.K.The head of the North...

NATO warns Russia could target undersea pipelines and cables

Published Wed, 26 Feb 2025 02:04:52 GMT

There is a “significant risk” Russia could target critical infrastructure in Europe or North America, including gas pipelines and internet cables, as part of its confrontation with the West over Ukraine, a senior NATO intelligence official warned.David Cattler, NATO’s assistant secretary general for intelligence and security, told reporters Russia was “actively mapping” the infrastructure of Ukraine’s allies both on land and on the seabed. Moscow’s military and civilian intelligence services had “considerable resources” that Vladimir Putin could deploy for surveillance of infrastructure, “including the use of civilian ships and so-called spy ships,” Cattler added.The threat posed to undersea gas pipelines that supply Europe was starkly exposed by the sabotage of the Nord Stream pipelines in the Baltic last September. Cattler said that undersea cables that carry 95 percent of internet traffic were also potentially at risk.“The Russians are more active than we’ve seen them...

Philadelphia 76ers center Joel Embiid named NBA’s 2022-23 MVP

Published Wed, 26 Feb 2025 02:04:52 GMT

(CNN) — Joel Embiid of the Philadelphia 76ers has been named the NBA’s Most Valuable Player for the 2022-23 season.Embiid beat out the Milwaukee Bucks’ Giannis Antetokounmpo and the Denver Nuggets’ Nikola Jokić in a battle between three of the NBA’s premier big men for the inaugural Michael Jordan trophy.Embiid averaged a league-high 33.1 points per game during the regular season to go along with 10.2 rebounds per game.This is the first career MVP award for Embiid, the first ever awarded to a player from Cameroon and just the second time for a player from Africa. This is also the fifth consecutive season that an international player has won the award.Embiid has missed the 76ers’ last two games with a knee injury and hasn’t played a game since April 20. 76ers’ coach Doc Rivers said Tuesday that Embiid is considered “doubtful” for Philadelphia’s Game 2 against the Boston Celtics in the Eastern Conference semif...

Olympic gold medalist Tori Bowie dies aged 32

Published Wed, 26 Feb 2025 02:04:52 GMT

(CNN) — American sprinter and long jumper Tori Bowie — a three-time Olympic medalist and a two-time world champion in track and field — has died, according to her agent, Kimberly Holland. Bowie was 32 years old.Holland told CNN on Wednesday that Bowie was found dead at home in Florida and that the cause of death is not known yet.“We’re devasted [sic] to share the very sad news that Tori Bowie has passed away,” an Instagram post from Bowie’s representation and Holland’s company, Icon Management Inc., said.“We’ve lost a client, dear friend, daughter and sister. Tori was a champion…a beacon of light that shined so bright! We’re truly heartbroken and our prayers are with the family, friends and everyone that loved her.”The post also added: “As the story continues to develop, we ask that you please respect our privacy.”USA Track and Field said on Twitter that it was ...