Wendy restaurants selling chain Arby, change of name - USA Today

Of ATLANTA (AP) - Wendy / group of Arby said Tuesday it has completed the sale of Restaurant Group, Arby for the firm of Atlanta Roark Capital Group-based private equity and dropped the chain of sandwich of beef roast of his name. By Scott Olson, Getty Images

A Wendy Chicago restaurant.

By Scott Olson, Getty Images

A Wendy Chicago restaurant.

The company will do business of Wendy effective company Tuesday and continue trading under the symbol "WEN" on the sale of $ 130 million of the New York Stock Exchange.The 81.5% of the Arby was completed less than a month after that, it was announced. Wendy to a game of 18.5% in the fast food chain, CEO Roland Smith of Wendy, said the month last signals of confidence of the business in the future of Arby. Roark Capital has also assumed debt of Arby.De Wendy $ 190 million and the Arby were combined in 2008 after Nelson Peltz and his investment firm, which already owns the Arby, purchased the Atlanta-based Wendy hamburger chain. The company has struggled since its formation in the great recession, losing money seven of its 10 districts.Wendy has approximately 6,600 restaurants; Arby has approximately 3, 600.Arby is the 11th company purchased food Roark. His stable also includes Carvel Ice Cream, Cinnabon, aunt Anne Southwest Grill of Moe and Best Coffee in Seattle at certain points of sale. It acquired Corner Bakery CAF and Il Fornaio Restaurants and bakeries last month.Smith said that Wendy will now focus on its namesake chain, with plans to revamp the menu, including by providing articles breakfast with restaurants to update and build new locations in the United States and around the world.The company plans of financial results for the second quarter before August 11 the opening of the market.

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Conference on climate change research on energy for poor nations (voice of America)

Greg Flakus | Cancun, the 10 December 2010 Mexico talks about Brian Dames, Chief Executive of the South Africa public ESKOM, of a forum on sustainable development.

As the United Nations Conference of climate change in Cancun, the Mexico wraps until his last day, discussions continue on crucial issues such as the need to reduce gas emissions greenhouse simultaneously and to provide the world with more energy.  While nobody expects to significant progress towards a global treaty binding, Mexican officials say they see the progress made in certain areas and that the Conference provides an opportunity to many Governments and agencies to share ideas and forge agreements that are unique.

While delegates from more than 190 countries meet under Security tight in a nearby hotel, representatives of nongovernmental organizations, universities, regional groups and other entities are together in a General to proceed with the Conference Room their own programs.  A focal point discussed here in the past two weeks includes how industrialized countries can help developing countries not only to adapt to climate change, but it access to more energy to grow their economies.

Scientists rich nations say an increase in gas emissions greenhouse from the combustion of fossil fuels like coal and petroleum products were originally the Earth warm.  But how can the poor nations reduce emissions when the only way out of poverty is to increase the consumption of energy?

Speaking at a forum on sustainable development, Brian Dames, Chief Executive of South African public ESKOM, pointed out that his continent remains far behind in access to electricity.

"If you look at the continent during the night of a satellite is really the black continent and is the challenge that we have," said ladies.

Ladies note that access to energy in sub-Saharan Africa is approximately 25% compared to 90 per cent in East Asia yet African pay close to double the price of energy. He and other development experts say electric energy is essential in the fight against poverty in poor countries.

Organization of the United Nations has addressed this need by its global campaign for the universal energy access focuses on the use of clean energy. Already available technologies can help poor regions exploit local electrical grids and to use waste products in their neighbourhood for fuel.

Helge Marie Norheim, a vice President of Statoil Norway State oil company, says that his company works on projects in Africa to use biofuels to energy from other sources.

"Statoil energy companies are technology, competence and financial capacity to continue to provide for energy security, so that, at the same time meet the twin challenges of climate change," said Norheim.

Kandeh Yumkella, Director-General of a citizen of Sierra Leone, and United Nations Industrial Development Organization said power expansion in Africa resources add minimum amounts of gas emissions greenhouse in the atmosphere. But, he added, his favours organization using clean energy.

"Knowledge for solar, wind, hydro, biofuels mass - they are known."  If we can even use renewable technologies that are existing today and their contributions to emission will be negligible, Yumkella said.

A large part of the presentation of this Conference was on the transfer of wealth from the richest to the poorest to assist in the reduce emissions and adapt to changes that global warming will produce. For better energy systems, Yumkella said developing nations need the money, but technical assistance.

"There is much need for assistance from the United States, Europe and other support," added Yumkella.  "Also, there are many opportunities for South-South cooperation." China and the India, they developed indigenous techniques to use biomass using animal waste to be able to provide energy basis for the poor. »

The climate conference is winding, but many projects discussed here are only for starters. Participants in many forums that have taken place here say committed themselves to do their part to save the planet and their own community, regardless of what is or is not on a larger scale.

Money in motion
New: Professor Philip Alexiou with pizza President Director General Patrick Doyle the Domino maintenance