Today’s headlines today!
Tuesday, September 30th, 2008STOCK MARKET FRESH: Atlanta-based Arby’s completed a $2.2 billion buyout of fellow fast-foodies Wendy’s yesterday. The new company, Wendy’s/Arby’s Group, expects to add up to 100 new positions at its Atlanta headquarters.
In an interview with the Wall Street Journal, CEO Roland Smith says Wendy’s/Arby’s will focus on wooing older customers. Perhaps not coincidentally, stock in the company that makes Lipitor is up this morning.
FRESH START: Yesterday, the parent company of this blog filed for Chapter 11 bankruptcy protection, as well as lawsuits against three of its creditors for refusing to renegotiate the terms of the company’s loans.
CEO Ben Eason says the bankruptcy filing is not bad news, but instead characterizes the move as an opportunity to restructure the company’s debt under more favorable terms and make what he calls a fresh start.
A RAFT OF THEFTS: Georgia is reportedly the nation’s boat theft capital. I’m sure it sucks to have your boat stolen, but I’m having a hard time getting worked up about it.
BEAT IT: Former Blink182 drummer Travis Barker was released from an Augusta hospital yesterday. Barker was severely burned when the small plane he was traveling on crashed in South Carolina on September 19. Four people were killed in the accident.
HEADLINE OF THE DAY: For Many Americans, Fear and Distrust Run High
Really? I wonder why.
