Other News Feeds Nations Restaurant News - Financial News Feeds   Financial News Financial News Jamba to slow openings, cut jobs Jamba Inc., operator or franchisor of 726 Jamba Juice locations, said late Thursday that it would close 10 underperforming stores and terminate the leases on seven planned openings. The smoothie specialist also said it would eliminate 53 positions within its corporate support functions. Raising Cane's gets $29.5M for growth Raising Cane’s Inc., which has more than 60 chicken-finger restaurants in 13 states, recently completed a $29.5 million financing deal with GE Capital Solutions-Franchise Finance. Jack in the Box fails to dodge the slowdown Jack in the Box Inc. reported Wednesday a 3-percent drop in its second quarter profit and cited the same challenges plaguing almost all restaurant companies: higher costs and slowing sales. O'Charley's lowers outlook after tough 1st-Q O’Charley’s Inc., operator or franchisor of 364 restaurants under three brands, posted a 34-percent jump in its first-quarter profit as a large income tax benefit and reduced operating costs offset the company’s stalled sales. Rubio’s posts a loss in 1st-Q Rubio’s Restaurants Inc., operator or franchisor of 106 namesake Baja-inspired restaurants, swung to a loss in the first quarter as increased costs and reduced guest traffic hurt the growing chain. Jack Fry’s GM-turned-owner: ‘Tedious’ sale process was worth it When Susan Seiler bought the struggling 53-year-old Jack Fry’s restaurant in 1986, she was a 32-year-old fine-dining veteran, but an unproven owner. In just a few years, Seiler turned Jack Fry’s into a Louisville, Ky., hot spot with cutting-edge cuisine served in a bustling bistro atmosphere. Twenty-one years later, Jack Fry’s was a nationally recognized, award-winning establishment. Starbucks scales back new stores, expects new drinks to perk up traffic Blaming the challenging economic environment, Starbucks Corp. significantly scaled back its U.S. expansion targets for the next three years, but expressed hope the summer launch of new beverages would snap a slowdown in traffic. The company also disclosed plans to take yet another crack at the breakfast market, this time with proprietary baked goods and chilled products. Exit strategy lets pizzeria owner keep business all in the family Vic Cassano Sr. was a gregarious promoter of Cassano’s Pizza King, which he founded in 1953 in Dayton, Ohio. But when it came to the details of his business, he was intensely private, refusing to open his books to scrutiny or consider what would become of his business once he gave up the reins. Triarc sees positive restaurant sales in 1st-Q Triarc Cos. Inc., brand parent to the 3,694-unit Arby’s chain and the pending acquirer of Wendy’s International Inc., said first quarter operating profit at its restaurant division rose 18.4 percent from a year ago on increased sales at corporate locations and positive same-store sales at franchised units. Landry's profit plummets in 1st-Q Landry’s Restaurants Inc. reported that its first quarter net income fell more than 93 percent, as its interest expense soared and same-store sales remained flat.