Red Lobster may exit bankruptcy protection soon

Red Lobster is set to exit Chapter 11 bankruptcy protection after a judge approved its reorganization plan. The seafood chain plans to operate 544 locations and will introduce a new CEO, Damola Adamolekun, as it looks to stabilize its business following financial struggles and restaurant closures.

Verizon to buy Frontier in $20B deal

Verizon is acquiring Frontier Communications in the massive deal to boost its network, while helping its efforts in artificial intelligence.