Rambus Inc. (NASDAQ:RMBS) the chip-maker reported lower adjusted Q3 earnings compared with last year and revenue trailing analyst estimates. The stock has traded within a 52-week range of $8.15 to $14.82 a share, rising almost 16% year-to-date through Monday's close. The company posted GAAP net income of $5.5 million, or $0.05 per share, up from $5.0 million during the same quarter last year. Excluding one-time items, earnings fell 15% from year-ago levels to $14.8 million, or $0.13 per share, beating the Street view by $0.08 per share.Revenue declined 4.9% year over year to $69.7 million, missing expectations by around $1.46 million because of lower royalty payments from Samsung and Nvidia (NVDA) offset somewhat by new license agreements with Qualcomm (QCOM) and Micron Technology (MU). Sales fell 9% from the prior quarter, largely due to a one-time catch-up payment from the QCOM license agreement and lower royalty revenue from NVDA. For the current quarter ending in December, Rambus Inc. (NASDAQ:RMBS) is expecting revenue in a range of $70 million to $75 million, in-line with the $74.07 million consensus.General Mills, Inc. (NYSE:GIS) said Tuesday it has successfully completed an offer to purchase all issued and outstanding shares of natural and organic food company Annie's at a price of $46 per share. Approximately 84% of Annie's shares were validly tendered before the end of the day on Oct. 20, 2014, when the offer expired. A subsidiary of General Mills, Inc. (NYSE:GIS) will be merged with Annie's, which will continue to operate as a wholly-owned subsidiary of the food company. Annie's shares ceased trading on the NYSE at the close of market Oct. 20, 2014. GIS shares are trading in a 52-week range of $46.70 to $55.64.Red Lion Hotels Corporation (NYSE:RLH), the hotel chain details plans to expand out of the Northwest U.S. and target younger, design-conscious travelers with a new brand. The chain currently features some 55 moderately priced hotels found primarily in the western U.S. but plans to spend up to $100 million over the next 18 months to roll out its new brand, called Hotel RL, nationwide. Red Lion's plan is to convert existing hotels run by companies such as Radisson and Crowne Plaza Hotels & Resorts to Hotel RL properties. The company plans to roll out about seven hotels a year for the next two to three years. Red Lion Hotels Corporation (NYSE:RLH) shares have moved between $5.20 and $6.22 over the past 52 weeks.
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