Wendy's quarterly profit beats as 425 restaurants sold to franchisees
Wendy's reports higher quarterly profit and says it will sell 425 restaurants to franchisees to boost margins and fund remodels. Dividend raised 25 percent to five cents. CEO Emil Brolick says sale accelerates adoption of new restaurant designs to distance from the old fast food image. Apple posts stalled growth and modest earnings drop, but stock rises 5 percent in afterhours trading.
MENTIONED IN THIS ARTICLE
Wendy’s
Wall Street
Dublin
Ohio
Emil Brolick
North America
McDonald’s
U.S
Associated Press
Apple
Apple Inc
Austin Landing adds four tenant leases in Miami Twp area
Four companies sign leases at Austin Landing, expanding offices near I 75 and Austin Boulevard. ThyssenKrupp Materials NA will relocate from Vandalia with 27 staff to about 6,000 sq ft in November. Eubel Brady & Suttman Asset Management moves with 30 employees to about 9,000 sq ft. Two unnamed firms also leased space, bringing total near 10100 Innovation Drive. RG Properties touts the site as a tech and financial services hub.
MENTIONED IN THIS ARTICLE
Miami Twp
Montgomery County
Austin Landing
Interstate 75
Austin Boulevard
ThyssenKrupp Materials NA
Poe Avenue
Vandalia
RG Properties
Washington Twp
Eubel Brady & Suttman Asset Management
Innovation Drive
Greg Prince
Ag’s
Dayton
Cincinnati
Rick Hopkins
Dayton Mall
Dayton Daily News
Miami
Warren County
Teradata, Kroger and Kohl’s
AK Steel CEO says progress seen despite losses
AK Steel Holding Corp reports a second quarter net loss of 40.4 million in West Chester Twp. Ohio, continuing eight straight quarters of losses. The results reflect outages at the Middletown Works blast furnace including a planned seven day maintenance outage costing 21.6 million and a June 22 mechanical failure.
MENTIONED IN THIS ARTICLE
Westchester
AK Steel
West Chester
AK Steel Holding Corp
Butler County
Middletown Works
James Wainscott
Greg Lynch
AK Steel Sees Blast Furnace Restart Amid Losses
AK Steel reports a restart of its Middletown Works blast furnace on July 12 with ramp up to full production. The unplanned outage cost 6.2 million in Q2, with insured losses not yet settled estimated at 12 to 17 million. Chairman James Wainscott notes Q2 improvement over Q1 despite halting events outside control. Stock rose 3.5 percent to 3.55 per share.
MENTIONED IN THIS ARTICLE
Middletown Works
James Wainscott
AK Steel
House panel sets deadline in Delphi pensions probe
The U S House Oversight Committee threatens subpoenas and a deadline of Aug 5 for Treasury documents in Delphi pensions inquiry. Lawmakers seek details on pension handling during Delphi bankruptcy and PBGC arrangements affecting salaried retirees.
MENTIONED IN THIS ARTICLE
Delphi
Congressional
U.S. House Oversight and Government Reform Committee
Treasury Secre
Tary Jacob Lew
Delphi Pensions
U.S
Mike Turner
R-Dayton
Tim Ryan
Youngstown
Darrell Issa
R-Calif
John Mica
Rfla
Turner
Lew
Josh Gotbaum
Pension Benefit Guaranty Corp
Sinclair Co
Mica
Mare Ho
PBGC
United Technologies Posts Strong Q2 Earnings in 2013 Lift
United Technologies reports a solid second quarter with double digit gains in profit and revenue driven by strong orders in China for Otis elevators and Pratt & Whitney engine parts. Revenue reached $16.0 billion, below wall street expectations, while net income hit $1.56 billion.
MENTIONED IN THIS ARTICLE
Hartford
Conn
United Technologies
China
Aerospace and Building Systems Conglomerate
Troy
Goodrich
Pratt & Whitney
Rolls-Royce
Sikorsky Aircraft
Otis Elevator
Wall Street
Louis Chenevert
Otis
Also Mentioned on This Page
Weel
Austin
Thomas Gnay
Chelsey Levingston
Lawmakers Press Agency
Thomas Gnau
United Tech
Lee
ALS Corp
Thorinds
DJ Poor Joo
Toyota
Finia
Wallen
Powsery & AD Adasabie Loch
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