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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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See more at http://www.newsy.com
Sources:
CNN http://money.cnn.com/2014/05/16/investing/darden-red-l

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