RESTAURANTS

General Mills Plans Restaurant Spinoff: General Mills Inc. said Wednesday that it will spin off its restaurants as a separate company, effective June 1. The as-yet-unnamed corporation will be the world’s largest full-service restaurant company, with about $3.2 billion in revenue. It will include Red Lobster, Olive Garden and China Coast restaurants. General Mills shares rose $2.50 to close at $58 in New York Stock Exchange trading.