Olive Garden Owner Pays $780M for Cheddar's Chain 
 

Casual-restaurant chain Cheddar's Scratch Kitchen will soon share ownership with the likes of Olive Garden, LongHorn Steakhouse and the Capital Grille.

 
Weak Sterling to Steer Virgin Atlantic to Loss This Year 
 

Virgin Atlantic Airways Ltd. said it would lose money this year following the sharp drop in the British currency after the 2016 Brexit vote, ending a four-year run of better earnings at the carrier founded by billionaire Richard Branson.

 
Valeant Former CEO Sues Company Over Unmade Payments 
 

Michael Pearson, ex-CEO of Valeant Pharmaceuticals, is suing the embattled drugmaker for refusing to pay him more than 3 million company shares that he said he is owed.

 
Avianca Holdings Sues Large Minority Shareholder in Colombian Flag Airline 
 

Avianca Holdings, one of the largest airlines in Latin America, on Monday sued a large minority shareholder that is seeking to block the Colombian flag carrier from completing a strategic partnership with United Continental.

 
Jim Gianopulos Named Head of Paramount Pictures 
 

Jim Gianopulos, the longtime head of Twentieth Century Fox, has been tapped to turn around Viacom Inc.'s troubled movie studio.

 
Elevate Credit Makes New IPO Push 
 

Online lender Elevate Credit revived plans for an initial public offering on Monday, becoming the latest firm to try to ride the wave of investor demand for new issues.

 
Elon Musk's Latest Startup: Brains Linked to Computers 
 

Billionaire entrepreneur Elon Musk wants to merge computers with human brains to help people keep up with machines.

 
Uber Resumes Self-Driving-Vehicle Program After Arizona Accident 
 

Uber Technologies is putting its autonomous vehicles back on city streets after an accident involving one of them in Tempe, Ariz., caused the company to halt its test program.

 
J.Crew Lenders Say Asset Transfer Unfairly Favors Backers, Bondholders 
 

J.Crew lenders asked a court to unwind a contentious $250 million asset transfer, saying the transaction unfairly favored the clothing retailer's private-equity owners and its bondholders.

 
Adient Looks to Expand Into Aviation Market with Boeing 
 

Automotive seating supplier Adient is considering entering the aerospace business, announcing plans Monday to work with Boeing to explore development of seating for aircraft.

 
 

(END) Dow Jones Newswires

March 27, 2017 21:15 ET (01:15 GMT)

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