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Newspaper
Lawrence Journal World
Location
Lawrence, Kansas, United States of America
Date
May 15, 2015
Page
13
Carl's Jr and Hardee's plan a May 20 launch for The Most American Thick Burger at 5.79 dollars. The stack features a one third pound Black Angus beef patty, a split grilled hot dog, American cheese, and a layer of Lay's Kettle Cooked Potato Chips. Brad Haley calls it a fun patriotic indulgence, with 1,063 calories and 64 grams of fat.
General Motors will invest 1 billion dollars in its Warren Michigan Technical Center focusing on engineering, advanced technology and safety research and will create about 2600 jobs over the next four years. This adds to 5.4 billion GM is funding across 40 U.S. plants as outlined by CEO Mary Barra two weeks earlier.
Facebook founder Mark Zuckerberg celebrated his 31st birthday as his stake boosted by a $1.2 billion rise in value. His 426.3 million shares drove the gain while the stock climbed about 3.7 percent to 81.37, and Forbes estimates his net worth near 35 billion.
PayPal will list on the Nasdaq under ticker PYPL later this year as it becomes an independent public company. Dan Schulman notes the ticker matches PayPal's pre-2002 symbol before its acquisition by eBay. The split from eBay occurs in late 2015 with operational ties for years to come. PayPal was founded in 1998 by Elon Musk and Peter Thiel group.
Avon stock halted Thursday after unsubstantiated reports it faced a potential investment offer. Avon denied receiving any bid and said no SEC filing from PTG Capital Partners existed. Market watcher Nanex noted the offer timestamp did not trigger rapid trading, while shares rose to $8 before closing up 6 percent at $7.07.
Fiat Chrysler will operate multiple U S and Mexico plants without the usual summer shutdowns to maximize output as U S industry sales rise toward near 17 million vehicles. Plants in Michigan Indiana Ohio and Saltillo Toluca and related stamping units will run full schedules all summer.
Walmart plans a summer test offering unlimited free shipping at $50 a year for over a million items with delivery in three days or less. The program excludes Sundays and streaming, and is invitation only, leveraging Walmart’s store network alongside online reach. Amazon Prime costs $99 annually with two day deliveries and Sunday service.
Ten year old Mikaila Ulmer of Austin pitched Bee Sweet Lemonade on ABCs Shark Tank and won a 60,000 investment for 25 percent of her company. Investor Daymond John praised her business clarity and vision and seeks a distributor to expand retail reach beyond Texas and neighboring states.
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