LOCAL BUSINESS

Job fair to feature 31 firms

The Wayne County Schools Career Center is offering a program to help adult workers. A job fair and open house are scheduled from 5-8 p.m. Thursday, May 3. The event will be held in the school commons at 518 W. Prospect St. in Smithville. Adult education areas, labs and classrooms will be open for visitors.

More than 31 local companies who are hiring have registered for the job fair. Adults may bring resumes and visit the school’s Technical Resource Center to apply online for positions.

Subjects to be covered are job searches, career training options, and upgrading skills. Financial aid information will also be available.

For information, call Jim Young, Industrial Training Coordinator, at 330-669-7070, ext. 6111, or email jyoung@wcscc.org. INVESTING

Coke plans stock split

Coca-Cola Co., the world’s largest soft-drink maker, voted to recommend a two-for-one stock split to shareholders.

The stock split would increase the number of authorized shares of the company’s common stock to 11.2 billion from 5.6 billion, Atlanta-based Coca-Cola said.

The split would be the 11th in the stock’s 92-year history and the first in 16 years. Shareholders are scheduled to vote on the measure at a special meeting on July 10, Coca-Cola said. Each shareholder of record on or about July 27 will receive one additional share of common stock for each share held. The new shares are expected to be distributed on Aug. 10.

UTILITIES

Regulators want more data

The Public Utilities Commission of Ohio (PUCO) denied waivers requested by AEP Ohio and FirstEnergy in their respective electric rate cases and required the utilities to file additional information.

FirstEnergy’s request was for a waiver from filing the projected rate impacts of its plan as well as information about governmental aggregation programs, retail shopping levels and provisions for economic development, job retention and energy efficiency. The PUCO ordered AEP and FirstEnergy to provide additional information by May 2.

AIRLINES

Mixed results at US Airways

US Airways reported better-than-expected results for the first quarter as it raised fares to offset the rising price of fuel. The nation’s fifth-largest airline earned $48 million, or 28 cents per share, for the quarter because of one-time gains. Not counting special items, it lost money, although less than analysts expected.

Like other airlines, US Airways has been raising fares to offset higher fuel prices. Per-seat passenger revenue rose 8.2 percent. Even with higher fares, passenger traffic rose 4.7 percent.

The first three months of the year are seasonally weak for travel. US Airways would have lost $22 million, or 13 cents per share, if not for a one-time $73 million gain related to its trade with Delta for landing rights in Washington and New York.

TELECOMMUNICATIONS

Sprint reports loss

The iPhone boosted struggling Sprint Nextel Corp.’s finances in the latest quarter, letting it beat AT&T and perhaps even Verizon in recruiting high-paying phone subscribers to the Sprint network. But a depreciation, or drop in value, of the Nextel network widened Sprint’s net loss from January through March to $863 million, or 29 cents per share. In the same quarter last year, the Overland Park, Kan., company’s loss was $439 million, or 15 cents per share. Analysts polled by FactSet were on average expecting a loss of 42 cents per share. Sprint started selling the iPhone in October, after AT&T and Verizon. To get it, the company had to promise Apple that it would buy phones for $15.5 billion over four years — a big sum for a company in a precarious financial position — and analysts have noted that the phone could push Sprint over the edge, into bankruptcy.

FAST FOOD

Burger King supply changes

More humane treatment of animals will be required by Burger King as it announced all of its eggs and pork will come from cage-free chickens and pigs by 2017. The decision by the second-biggest fast-food restaurant is an appeal to what the company believes is rising consumer demand for more humanely produced fare. Burger King uses hundreds of millions of eggs and tens of millions of pounds of pork annually. Already 9 percent of the company’s eggs and 20 percent of its pork are cage-free.

Compiled from staff and wire reports