Quiznos once boasted 5,000 restaurants, but a slumping economy, higher supply-chain costs and tough competition from Subway have left the sandwich chain in tough straits. After seeing hundreds of its stores close, Quiznos gave up control to one of its biggest creditors to avoid bankruptcy.
Faced with new economic sanctions from the U.S. and Europe, Iran's currency, the rial, seems to be in free fall. Several factors seem to be at work, and analysts say one of them could be government manipulation of the currency market.
In his State of the Union address, President Obama talked about bringing jobs back to the U.S. Oregon shoe maker Keen is doing its part. The company opened its first American factory in 2010, and while it still produces most of its shoes in Asia, Keen's CEO says manufacturing in the U.S. has been a "giant leap" for the company.
President Obama's appointee for antitrust issues in the meat industry wanted to give cattlemen more clout against big meatpackers. But he's quitting his job on Thursday. His reform efforts ran into fierce opposition from the country's packers and big cattle producers.
Federal Reserve officials said they expect short-term interest rates to stay close to zero "at least through late 2014." The Fed has been trying to give more explicit guidance on what it expects in the future as part of a broader move to greater transparency.
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