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5.39%XLF 9.68 3.09%
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NEW YORK - Restaurant stocks were mixed Friday after the U.S. House voted for the government's $700 billion plan to bail out the nation's financial system.
The plan involves buying distressed mortgages and securities backed by mortgages from banks and other institutions to shore up the financial industry.
The 263-171 vote came after the House rejected an earlier version of the bill on Monday. The Senate approved a revised bill on Wednesday that added tax breaks and increased the limit on federal deposit insurance.
Shares of Darden Restaurants Inc., which operates the Red Lobster and Olive Garden chains, fell 74 cents to $27.83 while shares of McDonald's Corp. rose 8 cents to $61.96.
Six companies in the financial-services sector are being added to the Russell 1000 in this year's reconstitution of the large stock index, wh...
As more Americans rely on charity amid worsening economic gloom, operators of fo...
The 32 American students chosen as Rhodes Scholars for 2009, listed by geographic region: District I:
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