Waffle House CEO Walt Ehmer dies at the age of 58

The president and CEO of Waffle House, Walter G. “Walt" Ehmer, has died at the age of 58, according to the Atlanta Police Foundation. He also served on the foundation's board of trustees.

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.