Saturday, May 12, 2001
Tristate Summary
Wendy's founder files stock sale
Wendy's International Inc. senior chairman and founder Dave Thomas filed to sell about $25 million of stock in the third-largest U.S. hamburger chain.
Mr. Thomas plans to sell 1 million shares through a trust that bears his name and through KDR Capital Corp., where he is the sole shareholder, according to filings with the Securities and Exchange Commission.
The executive's affiliates indicated the approximate date of sale was Monday. However, insiders don't always dispose of all stock listed.
Dublin, Ohio-based Wendy's officials couldn't be reached to comment.
Chiquita lauded
on environment
Wal-Mart Stores Inc. has named Chiquita Brands International Inc. as its Environmental Supplier of the Year. Wal-Mart presents the award to one supplier that is providing environmentally sensitive products and implementing innovative environmental practices.
Cincinnati-based Chiquita is the only global banana company to be certified by the Rainforest Alliance's Better Banana Project.
General Cable
does conversion
General Cable Corp., the Highland Heights wire and cable manufacturer, said it completed a transaction converting $145 million of its accounts receivable into five-year certificates. The company said it used the proceeds to reduce long-term debt, generating annual interest savings of about $4 million.
The company reiterated it expects earnings this year in the range of $1.55 to $1.60 a share.
From staff
and wire reports
Union cautions pilots about 'no' vote
DHL has big plans for hub
Building will automate air-freight operation
P&G nurtures pharmaceuticals
Hendricks quits Baldwin board
Portman bill won't help many
Prepare now for tax day
Stock of the week
The Week Ahead
Consumers spend; but how long?
Fewer saving for retirement
Tristate Summary
What's the Buzz?
Get ready to play on cell phone
Some healthy livestock killed