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Troubled Red Lobster Chain Sells For $2.1B
Darden Restaurants sold Red Lobster to private equity firm Golden Gate Capital. The move will allow Darden to focus on its Olive Garden brand.
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Obama Assets Worth Up To $7.15 Million
President Barack Obama lists assets worth between $1.95 million and $7.15 million, of which $1 million to $5 million were in Treasury notes, according to financial disclosure forms released on Thursday.
Obama and his wife, Michelle, in April reported income of $503,183 last year. As president, Obama

Jesse James, Professional Wild Man Turned Gunmaker
May 13 (Bloomberg) — Jesse James Firearms Unlimited (JJFU) is the latest venture from the infamous biker and TV personality. Following the success of his custom motorcycle shop, West Coast Choppers, and a string of popular TV shows like Monster Garage, Jesse James is reconnecting with hands on

Innovation is What Makes Edible Arrangements Top Banana
How is it possible to innovate on a product like fruit which seems to be pretty evolved? Tariq Farid, CEO of Edible Arrangements, has found the way, taking his two-store operation to over 1,200 retail centers with sales of $500 million in 2013 in 15 years. Farid reveals what has worked for Edible Ar

Treasury Says Debt Payments Could Be Prioritized In Default Scenario
The Treasury Department has admitted for the first time that the government is technically capable of prioritizing payments if Congress triggers a default crisis by failing to raise the country’s borrowing authority. In a letter to Republican Congressman Jeb Hensarling, a senior aide to Treasu

SocialRadar Teams Up With Google to Track Everyone
May 7 (Bloomberg) — SocialRadar CEO Michael Chasen discusses the company’s app for Google Glass with Betty Liu on Bloomberg Television’s “Street Smart.” (Source: Bloomberg)
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Chinese e-commerce giant Alibaba unrolls IPO in U.S.
A Chinese e-commerce giant called Alibaba filed an initial public offering that many experts say could rank among the largest ever. The company operates multiple businesses, including some akin to Amazon or eBay. Judy Woodruff talks to Paul Sweeney of Bloomberg Industries about the risks and reactio

Tesla Results Disappoint: Is This a Warning?
May 7 (Bloomberg) — S&P Capital IQ’s Efraim Levy, Kelley Blue Book’s Jared Rowe and Bloomberg’s Cory Johnson discuss Tesla’s first-quarter earnings with Betty Liu and Matt Miller on Bloomberg Television’s “Street Smart.” (Source: Bloomberg)
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Candy Crush developer, King Makes IPO at $22.50
(CBS2/FOX28) – It’s the most popular game on Facebook with nearly 100 million daily users. Today, the makers of “Candy Crush Saga” want to see if they can find similar success when they hit the New York stock exchange. When the NYSE opens, its the public investors w

Ford announces Mulally retirement
Ford Motor Company has officially announces that Mark Fields will replace Alan Mulally as CEO July 1.

How to Make Money as an Angel Investor
Most startups fail simply due to the Law of Large Numbers, says David S. Rose, author of “Angel Investing” and CEO of Gust. However, potential angels can profit handsomely – and have fun – if they diversify their investments and understand the risks. Due to the rise of platfo

Texas offers Toyota $40M to move US base from California
Toyota is moving its U.S. headquarters from California to Texas in a bid to improve communication between units now spread over several states.

Bitcoin Slips to $420 as BTC China Halts Transactions
BTC China, the country’s largest bitcoin exchange, has halted deposits to accounts at China Merchants Bank (CMB), as lenders close tie-ups with bitcoin exchanges amid rising government regulations.

GameStop Closing 120 Stores, Focusing on Mobile
GameStop is looking to expand its reach into what it considers more viable markets and sheds some weight from its traditional brick-and-mortar stores.

Apple's $90B Buyback a Game Changer: Brian Blair
April 23 (Bloomberg) — Rosenblatt Securities’ Brian Blair, Bloomberg’s Cory Johnson and Bloomberg Contributing Editor Paul Kedrosky break down Apple’s second-quarter earnings report and buyback program on Bloomberg Television’s “Street Smart.” (Source: Bloom