A news summary, focused on 10 big employers; updated 8:53 a.m.
BROWN-FORMAN: Retiring Director James Welch sold — sort of — 1,741 class A shares on Thursday at $105.17 each for a total $183,000, according to a regulatory filing with the Securities and Exchange Commission. In fact, the SEC Form 4 says, Welch surrendered the shares “to satisfy withholding obligations associated with the vesting of restricted stock upon [his] retirement” (SEC document).
PAPA JOHN’S and PIZZA HUT: A former executive at the maker of FarmVille online games has started a pizza restaurant in the heart of Silicon Valley where he hopes all pies will someday be made by robots. The process at Zume Pizza in California’s Mountain View involves two robots — named Marta and Bruno — that spread sauce “perfectly but not too perfectly, so it looks just like an artisan product,” says owner Alex Garden. The robots then move the pizza into an 850-degree oven to pre-bake. From there, the pizza is given a final bake in a bank of ovens inside the delivery truck on its way to a customer’s door. Traditional humans are still required for tasks like sprinkling cheese and driving the truck, however (Grub Street).