Page 19 - Benzinga Pro News Today : Breaking News, Live Updates & Top Stories | Vimarsana

When the venerable Red Lobster restaurant chain filed for bankruptcy and announced it would be closing dozens of locations, the news didn't come as a surprise. Red Lobster had been struggling for years and the filing came on the heels of a highly publicized, equally ill-fated "all-you-can-eat" shrimp promotion. Although the shrimp promotion may have been a contributing cause, a deeper analysis reveals that a bad real estate deal killed Red Lobster. In 1968, Red Lobster pioneered the semi-casual

AMC Entertainment shares saw a massive spike mid-May amid the brief return of Keith Gill, better known as "Roaring Kitty, to social media. Roaring Kitty disappeared as quickly as he came, however, AMC shares are holding some of the recent gains.

Volatility surged back into the market on Wednesday, with the CBOE Volatility Index (VIX) spiking 9% after hitting nearly three-year lows last week, fueled by fresh upticks in Treasury bond yields.