After nearly 50 years of serving hot dogs and hamburgers, the Circus Family Restaurant in Raleigh is closing up shop. The restaurant will be closing for good at the end of May due to staffing challenges – a common theme in the hospitality sector. Glenn Mitchell, the restaurant's owner, began working at the establishment in 1986. Read More...
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What Appian’s $2 Billion Verdict Means
A jury in the Circuit Court for Fairfax County, Virginia, found that Pegasystems (NASDAQ: PEGA), Appian’s chief competitor, had stolen trade secrets from Appian during a period of time starting in 2012. Appian shares jumped 39% last Tuesday after the news came out, while Pegasystems’ stock plunged 21%. Pending appeals, Appian stands to win $2.036 billion based on Pegasystems’ enrichment from its intellectual property, a large sum for Appian, which currently has a market cap of less than $4 billion and $160 million in cash.
