Wendy's hires former Heinz executive
Fast-food chain Wendy's has hired a former H.J. Heinz Co. executive who lost her job when the Pittsburgh food company was acquired in June and a new chief executive put in his own team. Margaret R. Nollen has been named to the new position of senior vice president, investor relations and strategy, according to an announcement by the Dublin, Ohio, restaurant company. Ms. Nollen, 50, had been senior vice president, strategy and investor relations for Heinz.
Fear of higher rates swells home sales
U.S. home sales rose last month to the highest level since February 2007 as buyers rushed to close deals before mortgage rates increased further. Sales of previously occupied homes rose 1.7 percent to a seasonally adjusted annual rate of 5.48 million in August, the National Association of Realtors said Thursday. The Realtors' group cautioned that higher rates could also depress home buying next year.
Index predicts strong labor market
The Conference Board said Thursday that its index of leading indicators increased 0.7 percent in August from July. The index is designed to signal economic conditions over the next three to six months. The gain in the index in August was driven by strength in the labor market and financial sectors as well as by rising manufacturing orders. There was weakness in residential construction and consumer expectations.
Honda recalls minivans, SUVs for airbags
Honda Motor Co. said Thursday it is recalling 2003 and 2004 model year Odyssey minivans and 2003 Acura MDX sport-utility vehicles for an airbag defect.
Industries claim illegal downloads on the rise
The music and movie industries are sounding the alarm again on online piracy, saying illegal downloads are on the rise and search engines like Google aren't doing enough to stop them. The industry's top lobbyists returned to Capitol Hill this week to try to renew interest in online piracy, which has largely fallen off the public's radar.