Wendy's weighs sale as profits miss estimates
Wendy's International explores a possible sale as it warns full year profits will fall short of expectations. Tim Hortons spin off and Baja Fresh sale cited. board, led by James Pickett, weighs options with JP Morgan and Lehman Brothers advising. 6,600 restaurants operate under Wendy's worldwide.
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Arby's
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United States
Temperature raises gasoline prices hit motorists nationwide
Lawmakers and consumer groups warn warmer gasoline expands liquid volume and lowers energy per gallon, costing drivers about 3 to 9 cents more per gallon and potentially over 1.5 billion dollars in summer nationwide. Lawsuits across several states challenge retailers for charging taxes based on colder standards.
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Dennis Kucinich
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Dick Suiter
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Rittenhouse
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Yahoo replaces CEO with co founder Jerry Yang
Yahoo Inc names co founder Jerry Yang as chief executive replacing Terry Semel who steps down after six years. Susan Decker becomes president as the Sunnyvale company seeks renewed investor confidence amid earnings pressure and ongoing advertising strategy changes. Shares rose after the announcement.
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Yahoo Inc
Terry Semel
Jerry Yang
Semel
Yang
Yahoo
Susan Decker
Decker
Sunnyvale
New Epicenter Collection store aims to blend online and mall shopping
In Cincinnati Delaware a mall will host a shared space for e tailers and catalog firms. Shoppers will use hand held devices to study products order them and receive home delivery with no shipping fees. The concept targets customers who want tactile experience unavailable online.
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Epicenter Collection
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Del
Blockbuster to rent Blu-ray only in expansion
Blockbuster Inc will rent high definition DVDs only in Blu-ray format in 1450 stores when it expands in July. The move from 250 stores aims to end the format war and prevent consumer buy decisions until a dominant format emerges. Blu-ray titles have outsold HD DVD by about seven to three.
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Blockbuster
Los Angeles
Blockbuster Inc
Consi
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