Roundup: Uncle Charley's Sausage expands sales to Maryland, Virginia; SABMiller meets with investors amid takeover bid; …
Uncle Charley's Sausage expands sales to Maryland, Virginia
Uncle Charley's Sausage is expanding sales into Maryland and Virginia through a deal with Wal-Mart that will put its products into 40 more stores.
The Armstrong County-based company this week said its fresh sausage and related foods can now be found in seven states. That includes the recent addition of 58 Marc's grocery stores in Ohio.
“I'm very proud to be leading this effort to give more shoppers the option to buy local, premium, fresh-never-frozen sausage,” said CEO Len Caric, who bought the company with a group of investors last year and has added 225 stores to its delivery routes.
Court approves U.S. Steel plan to cut ties with Canadian operations
An Ontario court on Friday gave U.S. Steel Corp. permission to wind down its relationship with its money-losing Canadian operations, the Downtown-based steelmaker said.
Under an agreement approved by the Ontario Superior Court of Justice, U.S. Steel will not generate sales for its Canadian subsidiary and the company will move work from Canada to its mills in the United States. U.S. Steel agreed to not bid on the Canadian operations should they be put up for sale in the future.
U.S. Steel Canada has been restructuring under court protection in Ontario since September, when U.S. Steel said it would no longer include the Canadian operations in its financial statements.
Twitter shares slip on report of job cuts
Twitter shares fell as much as 4 percent in extended trading Friday on a report that the company is planning to cut jobs next week.
All departments will be affected by the cuts, technology news website Re/code reported, without saying how many positions would be affected. The move would be made a week after co-founder Jack Dorsey was appointed as the company's CEO, after spending about three months as interim chief.
Twitter has 4,100 employees around the world, according to its website. The San Francisco-based social media company has been reorganizing its product and engineering departments over the past year.
Jim Prosser, a Twitter spokesman, declined to comment.
SABMiller brings takeover bid to investors
SABMiller met with investors Friday to underscore its strength as an independent company, as the world's second-biggest brewer seeks to head off a takeover by larger rival Anheuser-Busch InBev.
SABMiller said the meetings focused on the company's accelerating growth and a stepped-up cost-cutting program that will target $1.05 billion of savings by March 2020, more than double the previous goal of $500 million by 2018.
