Little-known Focus Brands owns chains like Carvel, Cinnabon, Schlotzsky’s and Moe’s Southwest Grill. It now also owns Auntie Anne’s, founded by Annie Beiler (pictured). Her pretzels could help Focus go public at some point.
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Sanofi-Aventis (SNY) said Friday it plans to lay off 1,700 workers at its U.S. pharmaceutical operations, which amounts to about 25% of its U.S. workforce. The cutbacks are part of an ongoing restructuring to streamline its business amid a “challenging…
Adding another twist to the concept of online banking, PayPal has added an iPhone app that allows users to photograph their checks and deposit the funds into their PayPal account, according to an Associated Press report.
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Honda unveiled its new hybrid Fit subcompact in Tokyo Friday. At a starting price of around $19,160, it is cheaper than any other hybrid vehicle in Japan — including Toyota’s popular Prius.
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Microsoft CEO Steve Balmer’s not-so-secret meeting with Abode CEO Shantanu Narayen to discuss a joint battle strategy against Apple raised the tantalizing possibility of an Adobe buyout. That deal wouldn’t just be good for Micr…