A news summary focused on 10 big employers; updated 9:24 a.m.
PAPA JOHN‘s CEO John Schnatter continued unloading shares in the pizza giant, selling another 86,000 on Wednesday and Tuesday for $6.6 million, according to a Securities and Exchange Commission filing. That trade followed Monday’s, where the executive sold 73,637, and are in accordance with a trading plan he adopted early last month.
The chain’s shares closed yesterday at $75.41.
In other news, the economy added 156,000 jobs last month vs. a forecast 170,000, the Labor Department said. The jobless rate, meanwhile, rose to 5% from 4.9% in August, according to the agency (multiple news accounts).
Courier-Journal owner Gannett Co.’s bid to acquire Tronc, owner of the Chicago Tribune, Los Angeles Times and other papers, could wrap up in the next two weeks if all the due diligence now underway checks out, sources tell the New York Post. “There is no disagreement on price, but there is still some [work] to be done,” one source close to the situation told the New York tabloid (Post).
The Post report follows an earlier one at Politico, which speculated the deal could be announced as early as this week.