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Wendy’s eyes sale
Wendy’s International Inc. is exploring a possible sale of the company, the nation’s third-largest hamburger chain said Monday.
The company also warned that it’s earnings for the year would miss Wall Street estimates.
The company, under pressure from shareholders, formed a committee in April to determine how to boost its stock price. JP Morgan, as lead adviser, and Lehman Brothers Inc., as co-adviser, will conduct a review in conjunction with the committee.
A sale would cap a whirlwind year for the company, which has spun off its Tim Hortons coffee-and-doughnut chain, dumped its money-losing Baja Fresh Mexican Grill and laid off employees at its corporate office.
Cheap AT&T broadband
Without any sort of fanfare, AT&T Inc. has started offering a broadband Internet service for $10 a month, half the price of its cheapest advertised plan.
The DSL, or digital subscriber line, plan introduced Saturday is part of the concessions made by AT&T to the Federal Communications Commission to get its $86 billion acquisition of BellSouth Corp. approved last December.
The $10 offer is available to customers in the 22-state AT&T service region, which includes former BellSouth areas, who have never had AT&T or BellSouth broadband, spokesman Michael Coe confirmed Monday. Local phone service and a one-year contract are required. The modem is free.