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Red Robin Gourmet Burgers Closes Fast-Casual Prototypes as Part of “Strategic Reevaluation”

Red Robin Gourmet Burgers (RRGB) said Wednesday it closed nine of its Red Robin Burger Works fast-casual prototype stores on Sept. 30 and will rebrand the remaining three as “part of a strategic reevaluation of the company’s alternative fast casual platform.” The stores were first introduced in 2011 and meantRead More

Oil Prices Surge on Fifth Straight Week of Falling Inventories

Oil prices rose to multi-month highs on Wednesday after government data showed that US inventories of oil contracted for the fifth consecutive week last week. West Texas Intermediate (WTI) crude oil, the main US oil benchmark, was 2.2% higher at $49.77 per barrel while Brent crude, the international benchmark, wasRead More

Deutsche Bank Needs to Show Business Model Is Viable in Low Rate Environment, IMF Official Says

Deutsche Bank AG (DB) needs to demonstrate to investors that its business model is viable in a low rate environment amid concern about the lender’s financial resilience, Reuters reported on Wednesday, citing an IMF official. “Deutsche Bank … is among banks that need to continue to adjust to convince investorsRead More

Tenax Therapeutics Slumps 8%

Tenax Therapeutics (TENX) shares were slumping Wednesday after the company said it expects to report top-line results from a phase 3 trial with its drug candidate levosimendan for heart surgery toward the end of this year based on the recent pace of enrollment. It has enrolled 833 patients in theRead More