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July 19, 2006

Outback President Quits

With its stock trading near a three-year low and Wall Street chanting for change, OSI Restaurant Partners announced the resignation of Outback Steakhouse president Ben Novello on Monday. No explanation was given for the departure of Novello, a 49-year-old who managed a single Outback location in 1991 and rose through the Tampa company’s ranks to

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Blue-Light Specials

Do low-P/E stocks offer more bang for your buck?

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S.Korea clears Hermes execs over 2004 stock deal

SEOUL, Sept 29 (Reuters) - A South Korean court on Friday found Hermes Investment Management Ltd. not guilty of charges the British fund manager made profits through unfair stock trading in a local company.

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Stocks inch up after economic index rises

The Dow average and the broader Standard & Poor's 500 Index gained on Monday after a gauge of the U.S. economy rose more than expected and as the approach of the holiday shopping period raised hopes about strong year-end spending.

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