Rax to Convert 52 Rax Locations to Hardee's in Major Deal
Rax Restaurants Inc of Columbus will become Hardee's Foods third largest franchisee. Rax will convert 52 existing Rax units to Hardee's and buy 164 more restaurants from Hardee's and Franchise Enterprises, including 60 from Hardee's.
MENTIONED IN THIS ARTICLE
Rocky Mount, N.C
Rax Restaurants Inc
Columbus
Ohio
Hardee's Food Systems Inc
Hardee's
Rax
Hardee’s
Franchise Enterprises
Borrowing costs rise as Fed tightens rates this year
The Federal Reserve boosted short term rates to 3.75 percent, prompting banks to lift prime lending to 6.75 percent. Mortgage rates have surged, raising the annual cost of a 100000 home loan by about 988 dollars per extra percentage point. Car loan rates rose only modestly, while banks push teaser rates on home equity loans.
MENTIONED IN THIS ARTICLE
Washington
Federal Reserve
Robert Heady
Bank Rate Monitor
Palm Beach, Fla
Clinton
Fed
David Lereah
Mortgage Bankers Association
Praxair in Lorain advances toward fully automatic plant
Lorain plant of Praxair Inc advances toward computer controlled operations with ISO 9002 certification planned. The facility produces oxygen nitrogen and argon for steelmaking chemicals and metal fabrication and ships by tanker to Ohio Michigan and beyond.
MENTIONED IN THIS ARTICLE
Lorain
Praxair Inc
Praxair
Linde Industrial Gas
Union Carbide Corp
New York Stock Exchange
J.E
Ed” Moore
USS/Kobe
Moore
Praxatt
Uss
Kobe
Ohio
Michigan
Elyria
Aztec Catalyst
Englehard Corp. Chemical
Bfgoodrich and Geon
Ross Environmental Services
Karin A. Krauss
William J. Winter
Lorain County Safety Council
Tonawanda
N.Y
Buffalo
Batty Whittanmyer
J.E. Moore
Metal Prices New York and London Spot Quotes
AP reports closing Comex prices for gold at 376.80 per troy ounce and silver at 52.80 per troy ounce with platinum at 350.20 and palladium at 1380 per troy ounce. Nonferrous metals fall within copper 87.10 cents, aluminum 57.8 cents, lead 34 cents, tin 3.8807, zinc 44 to 49 cents per pound. Mercury trades at 180 per 76 pounds.
MENTIONED IN THIS ARTICLE
New York
Lorain Bank, LNB Bancorp post record quarterly income
Lorain National Bank and LNB Bancorp Inc report a quarterly consolidated net income of 1.034 billion for the three months ending March 31, matching a 3.2 percent rise from a year earlier and 33 cents per share. Chrysler Corp earns 238 million in Q1, a first quarter record with 2.55 dollars per share.
MENTIONED IN THIS ARTICLE
New York
Washington Post
Kidder, Peabody Group Inc
Wall Street
Pierre AL Ltd Co
Hills Dept. Acme Cleve
Invacare
Allied Corporation
LNB Bancorp
Alftel
Amercan Greetngs
Lesca Inc
Cedar Fair
Mid-Am, Inc
Centenor
Chrysler Ss Northern Savings 760W
CoBancom Inc
Ohio Edison
Columbia Gas P.N.C. Com
CPC Inter. Inc
Parker Hannifin
Reliance Elect
Eaton Corp
Smuckers
SJMA
Emerson
Englehard
Sunrse Medical
First Bancorp
Texas Airlibes
Ford St's T RW
Bite
General Motors
uSix Geon
Woolworth
F.W
Goodnes
York International
Lorain
Lorain National Bank
LNB Bancorp Inc
Detroit
Chrysler Corp
Chrysler
Also Mentioned on This Page
Hardee
Kidder
Michael A. Carpenter
Joseph Jett
Northwest Airlines
American Airlines
American
United Airlines
Thre
Oklahoma City
Dayton Tire Co
U.S. Department of Labor
Robert Reich
Bridgestone- Firestone Inc
Firestone
Akron
Bridgestone
Labor Department
Dayton Tire
Dan Adamitis
Paul Getman
Regional Financial Associates
West Chester
Lorain’s
Independence
Gene Krebs
Chronicle
NYSE
Seles
Ieee
He Morgan
Bay
bin Bees
Yale Hearty
Sfepc
Ford
Sean
Ugarts
Whst Mutual
Templeton
Templeton World
Vanguard Wellington NL
Lorain National
Warad
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