Wendy’s (WEN) plans to install self-ordering kiosks at 1,000 locations by the end of the year. According to the company, the move will help it appeal to a younger customer while reducing labor costs. The kiosks have already been installed at several of the fast food chain’s Ohio locations, where the company tested its new technology. If customers do not want to partake in Wendy’s new technology marvel, they will still have the option of walking up to the counter and ordering from a human.
Liar, Liar Pants on Fire…
Japanese auto parts maker Takata plead guilty Monday to criminal wrongdoing and agreed to pay $1 billion in penalties for providing misleading testing reports to auto makers on their rupture prone airbags. Takata’s plea agreements requires the company to pay a $25 million criminal fine, $125 million to consumers harmed by the airbags, and $850 million to auto makers currently shouldering recall costs. A company spokesman declined to comment. Takata has expressed regret for its safety scandal and pledged its continuing cooperation with government officials and automakers.
Asia: Asian markets closed mixed on Tuesday as investors await tonight’s speech from President Trump.
Europe: European shares ended mixed on Monday as investors digested corporate earnings while keeping an eye on the possible unraveling of the London Stock Exchange’s 31 billion mergers.
U.S: U.S. indexes closed higher after President Trump commented his new infrastructure plan will be big. DJIA: +15.68 20837.44 Nasdaq +16.592 5861.89 S&P + 2.41 2369.75
Word of The Day:
The purchase by a company of its own outstanding shares, reducing the number of shares on the open market.
Dinner or Drink:
1 1/2 oz. rum
3/4 oz. white creme de cacao
3 oz. eggnog
3 cups vanilla ice cream
Combine all ingredients in a blender. Blend until smooth. Pour into a parfait glass and top with whipped cream. Garnish with a few drops of green creme de menthe and a rolled cookie, and serve.
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