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Mid-day Update

PODCAST: More summits, more problems

Mary Dooe Jan 30, 2012
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Customers walk to a Wendy's restaurant on June 13, 2011 in Chicago, Ill. The company experienced big losses last quarter, in part because of rising food prices. Scott Olson/Getty Images
Mid-day Update

PODCAST: More summits, more problems

Mary Dooe Jan 30, 2012
Customers walk to a Wendy's restaurant on June 13, 2011 in Chicago, Ill. The company experienced big losses last quarter, in part because of rising food prices. Scott Olson/Getty Images
HTML EMBED:
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The government said this morning that consumer spending stayed flat in December. But personal incomes were up… so it appears Americans are saving that extra cash.

Auto parts chain The Pep Boys – Manny, Moe & Jack says it has agreed to be taken private by investment firm The Gores Group for about $791 million.

Wendy’s reported a 30 percent drop in quarterly earnings as the hamburger chain struggles with higher costs of food, sending its shares lower on Monday.

In Europe, leaders are gathering today for yet another summit about the debt crisis. They’re hoping to work out some details of a new treaty that would force European countries to keep their budgets under control. The dream scenario is that a more fiscally responsible Europe would boost confidence, and get banks to start lending again.

Middleton, Wisc. is home to the National Mustard Museum, which is in a bit of a financial squeeze right now. According to the Wisconsin State Journal, the Mustard Museum is having some trouble paying back a $178,000 dollar loan to Dane County. The collateral for the loan is the museum’s prized mustard collection. The county would rather not go down that road, so it’s giving the museum a little extra time to catch up on its payments.

With the Super Bowl less than a week away, let’s check to see which team the animal kingdom is betting on.

And in today’s Mid-day Extra, we get an extended interview with the CEO of Nascar, who is gearing up for the Florida primary.

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