Advertisement

Also. . .

Share

* Wendy’s International Inc., the third-largest U.S. hamburger chain, said it sees fiscal first-quarter per-share earnings growing at 10%, below its full-year target of 12% to 15%. The company forecast earnings of about 33 cents a share, compared with 30 cents a year ago. Analysts had predicted 34 cents. The company said that bad weather and price cuts from competitors have hurt performance.

*

* Kelly Services Inc., a provider of staffing services, said its first-quarter earnings would fall well short of Wall Street forecasts because of the slowing U.S. economy. The Troy, Mich.-based company said it expects earnings of 11 cents to 15 cents a share, down from 45 cents a year ago and below the 36 cents analysts anticipated. It predicted lower earnings for the first three quarters of the year, with the fourth quarter showing modest growth.

*

* Books-A-Million Inc., the third-largest U.S. book retailer, said it won a federal judge’s approval for its bid to acquire 19 Crown Books Corp. stores as part of Crown’s bankruptcy liquidation.

Advertisement

*

* South Korea’s bankrupt Daewoo Motor Co. said it would slash 6,500 jobs at its overseas plants during the first half of this year. The company employs 46,000 people at its plants worldwide.

Advertisement