Rocked By Red Lobster, Darden Stock Down 4%

Bloomberg News Red Lobster has weighed like a rock in Darden Restaurants’ portfolio, but plans to jettison the business are proving a weight on the stock. Darden Restaurants (DRI) said Friday it will sell the struggling Red Lobster business to Golden Gate Capital for $2.1 billion in cash. Darden shares were down 3.6% to $48.82 [...]