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Newspaper
Aiken Standard
Location
Aiken, South Carolina, United States of America
Date
Jul 24, 2013
Page
11
Apple reports fiscal third quarter earnings of 6.9 billion dollars or 7.47 per share, down 22 percent from a year ago, with revenue barely higher. The result beat some expectations and lifted the stock to about 441 in after hours trading, though shares are down over 35 percent since the latest iPhone model launched.
Wendy's reported a quarterly profit above forecasts and said it will sell 425 of its restaurants to franchisees. The strategy aligns with fast food practice to boost margins through royalties and rent. The Dublin Ohio based chain also raised its dividend 25 percent to five cents a share and saw its stock rise about 10 percent to 7.32 dollars.
The FDA review finds menthol cigarettes likely pose higher public health risk than regular cigarettes citing greater initiation by youth and tougher quitting, but no recommendation on bans. The agency seeks input from health groups, industry, and others on possible restrictions.
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