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Economy Briefs: Upgrade-minded Wendy’s testing new ‘pretzel bread’
Question of the Day
NEW YORK — In its latest push to establish itself as a purveyor of premium burgers, Wendy’s is testing a pretzel bun.
The Dublin, Ohio-based chain has started selling a bacon cheeseburger in select locations made with a slightly heartier, pretzel-like bun.
Wendy’s executives have said they plan to use better breads in the year ahead as a relatively low-cost way to raise perceptions about the quality of its food.
Tech delegation pressing N. Korea Internet access
PYONGYANG, North Korea — A private delegation including Google’s Eric Schmidt is urging North Korea to allow more open Internet access and cellphones to benefit its citizens, the mission’s leader said Wednesday in the country with some of the world’s tightest controls on information.
Former New Mexico Gov. Bill Richardson also said his nine-member group called on North Korea to put a moratorium on missile launches and nuclear tests that have prompted U.N. sanctions, and the delegation asked for fair and humane treatment for an American citizen detained.
The visit, unsanctioned by the U.S. government, has been criticized for appearing to hijack official U.S. diplomacy.
Gun dealers challenge rifle reporting requirement
A lawyer for two Arizona gun dealers argued Wednesday that the Obama administration in trying to halt the flow of U.S. guns to Mexican drug gangs overstepped its legal authority when it required dealers in Southwestern border states to report when customers buy multiple high-powered rifles.
Attorney Richard Gardiner told a federal appeals court panel Wednesday that the directive requires gun dealers to create a records system and the government has no authority to do that. At issue is a requirement that the Bureau of Alcohol, Tobacco, Firearms and Explosives imposed in 2011 on gun sellers in California, Arizona, New Mexico and Texas.
Investment banking slump: Morgan Stanley cuts 1,600
NEW YORK — The investment bank Morgan Stanley plans to cut about 1,600 jobs, nearly 3 percent of its workforce, a person familiar with the bank said Wednesday. The cuts will focus on senior ranks at the bank.
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