Wendy's forecast lower first quarter profits
Wendy's International Inc projects reduced first quarter earnings due to higher beef costs stock option expensing and an earlier Easter. The company expects a rebound in the second half of 2005 and maintained full year targets despite weaker March same store sales and franchised sales. Shares slipped 39 cents to close at 38.86 on the NYSE.
MENTIONED IN THIS ARTICLE
Dublin
Ohio
Wendy’s International Inc
Wendy’s
New York Stock Exchange
Wendy's International Inc
Stocks Rise On Fuel Report Amid Fears Of Oil And Dollar Movements
Stocks extended gains after a government fuel report showed a 24 million barrel crude build and a 2.1 million barrel gas draw, while analysts warned that oil prices and a firming dollar will drive earnings and consumer spending. Major indices rose and Treasuries rallied as Greenspan urged limits on Fannie Mae and Freddie Mac portfolios.
MENTIONED IN THIS ARTICLE
New York
Wall Street
Subodh Kumar
Cibc World Markets
U.S
Kumar
Standard & Poor
New York Mercantile Exchange
Federal Reserve
Alan Greenspan
Greenspan
Congress
Fannie Mae
Freddie Mac
Fannie
Freddie
GM Eyes Hot Button Promo Revival With $1000 Bonus
GM plans a $50 million revival of its Hot Button marketing campaign from April 11 to May 31 to drive U.S. traffic and raise awareness of OnStar and electronic stability control. A $1000 bonus cash is offered toward a 2004 or 2005 GM car or truck, running April 5 to May 31.
Lego posts widened 2004 loss as sales fall across regions
Lego Systems A/S reported a 2004 net loss of 1.93 billion kroner, more than double the prior year, with sales down 6.8 percent to 6.7 billion kroner. The firm booked 723 million kroner in impairment and 502 million kroner in restructuring costs while noting overcapacity and increased retailer competition. It also noted weaker traditional toy demand as consumers shifted to electronics and announced Legoland parks up for sale.
MENTIONED IN THIS ARTICLE
Detroit General Motors Corp
U.S
Copenhagen
Denmark
Lego Systems A/S
Ner
Lego
Legoland
Paris court clears Yahoo executive in Nazi memorabilia case
A Paris appeals court on Wednesday upheld a ruling absolving Yahoo Inc and former chief executive Tim Koogle of liability for Nazi paraphernalia auctioned on Yahoo’s site. The 2003 Paris court had said Yahoo and Koogle did not seek to justify war crimes and crimes against humanity.
MENTIONED IN THIS ARTICLE
Paris
Yahoo! Inc
Eal Saan Se
Yahoo
Olivier Metzner
Com
GM to Build Hummer H3 in South Africa
GM plans to produce a version of the Hummer H3 at its Struandale plant in Port Elizabeth, South Africa, beginning next year with a $100 million investment. The plant aims to build up to 10,000 units for export to Europe, Asia, the Middle East and Africa, with sales in South Africa slated for mid 2007. The Struandale facility now manufactures Opel and Isuzu products.
MENTIONED IN THIS ARTICLE
South Africa
Detroit
General Motors Corp
United States
Struandale
Port Elizabeth
Europe
Asia
Middle East
Africa
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Wendy’s Inc
THE
Associated Press
Hot
Yahoo Exec
Kubota
Metro Equipment Rental Co., Inc
Odessa
Kiybota
NIKE
Hall Sales & Service
ICAW
Odessa American Classifieds
Roughnecks
Ringling Bros. Circus
East 4Th Street
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