– The parent of the Chili's and Maggiano's Little Italy restaurant chain reported an adjusted quarterly loss of 88 cents per share, smaller than the loss of $1.37 that Wall Street analysts had predicted. Revenue did come in below forecasts, but Brinker is projecting a smaller than expected loss for the current quarter, with comparable restaurant sales down in the low to mid-teens.
- CEO Jim Continenza said the company supported the government's decision to halt a potential loan to the company, saying the deal required more work. The loan – designed to boost Kodak's pharmaceutical business – is under scrutiny due to the granting of stock options to executives just prior to the announcement of the loan deal.
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