The St Louis Business Journal reports that CKE Inc., the company that owns St. Louis based Hardee's and California based Carl's Jr. chains, reportedly is exploring a potential sale a year after postponing its initial public offering.
The company is working with Goldman Sachs Group Inc. on the early stages of a sale process that could value the company at more than $1.7 billion, sources told Reuters.
Carpinteria, Calif.-based CKE, which is led by CEO Andy Puzder, was taken private by Apollo Global Management in 2010 in a deal valued at close to $700 million. The company had planned to go public again last August in a $213 million IPO, but opted to hold off, citing market conditions.
Just a few feet is all that's left to connect the new Mississippi River bridge.
Crews are putting in that last piece today (Thursday). The Missouri Department of Transportation sayscrews will spend much of the day today laying two steel girders on the upstream and downstream sides of the bridge. They are each 10-feet long and 6-feet high.
Spectators are invited to watch from an old pumphouse at Mullanphy just east of Broadway, through the flood wall. http://www.newriverbridge.org/documents/viewingplatform.pdf.
Friday at 9:00am, contractors will start installing a 30-thousand pound floor beam that will go between the two edge girders. The bridge will be connected, but it will not be finished. Engineers say there is still a lot of work to be done if the bridge is to open on schedule by early next year.
Officials urge anyone who comes to keep the roads and bike trails clear.
Map to the pumphouse: http://www.newriverbridge.org/documents/viewingplatform.pdf.
WASHINGTON (AP) - Americans snapped up new homes in June at the fastest pace in five years, a sign the housing recovery is strengthening.
The Commerce Department says sales rose 8.3 percent last month to a seasonally adjusted pace of 497,000. That's up from 459,000 in May, which was revised lower.
While sales are still below the 700,000 pace consistent with healthy markets, they have risen 38 percent in the past 12 months. That's the biggest annual gain since January 1992.
Housing has helped drive economic growth at a time when other parts of the economy have languished. While new-home sales make up only a small part of the market, each home built creates an average of three new jobs and spurs more spending at furniture and home supply stores.