Clarence Otis

Shares of both Darden Restaurants (NYSE: DRI) and American Realty Capital Properties (NASDAQ: ARCP) are seeing some activity in Friday's premarket amid news the former will sell its Red Lobster unit and the latter will purchase the unit's real estate assets. Darden Restaurants said it has agreed...

In 2013, Benzinga identified nearly two dozen of the top African-American heads of big-name firms, despite an overall lack of representation in the higher levels of business. Over the course of the last year, many have seen their companies continue to grow. The black CEOs on the list come from...

After reporting Q2 14 EPS of $0.20, in line with the consensus and revenue of $2.05 billion, short of the $2.07 billion consensus estimate, Darden Restaurants (NYSE: DRI) said it planned to sell or spin off its 705 restaurant Red Lobster chain. Although Red Lobster has been a weak performer of...

Darden Restaurants (NYSE: DRI) CEO Clarence Otis appeared on CNBC's Squawk Box to address issues in the broader economy that have impacted their stock, and to talk about the company overall. Responding to poor numbers requires them look at the broader economy, he said. According to Otis, they're...

Darden Restaurants, Inc. (NYSE: DRI), which operates Red Lobster, Olive Garden and LongHorn Steakhouse restaurant chains, announced first quarter results for the three months ended August 26, 2012 showing earnings per share from continuing operations of $0.85, up 9 percent from the same period last...

Darden Restaurants (NYSE: DRI), which is trading near a multiyear high, is scheduled to report its first-quarter fiscal 2013 results Friday, August 21 before market open. Investors will be looking to see whether the fortunes of the Olive Garden chain have improved and the company can build on four-...