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The company is also giving workers added benefits, and stock, as a result of tax reform.
The Bottom Line: Industry stocks are up thanks to sales improvement and tax reform, but they lag the broader markets.
But operators in an Instinet survey say the menu and other changes won't help their profits.
Restaurant Brands International also named Matt Dunnigan CFO.
The casual-dining chain operator also named Dan Kiernan president of Olive Garden.
A pair of advisory firms are recommending that shareholders vote against the deal.
The company is slowing growth of Del Frisco's Grille amid sales challenges.
The Bottom Line: Deals such as Arby's acquisition of Buffalo Wild Wings show a shift in investor thinking.
The former Ruby Tuesday executive will take over for the retired G.J. Hart.
The Bottom Line: Overexpansion, marketing problems and intense competition have hurt the chain's sales. But it can recover.
In a shot to its competitors, Panera petitions the government to improve food transparency around eggs.
The chain’s new Double Quarter Pound King seems aimed at McDonald’s Double Quarter Pounder.