Pizza Hut adding Ohio
to its beer delivery area
Just in time for next month's Super Bowl, Pizza Hut announced Monday that it will expand beer delivery to more locations throughout the United States.
Owned by Yum! Brands, which also includes Taco Bell and Kentucky Fried Chicken, Pizza Hut says its beer delivery will now be available at 300 locations.
The chain rolled out its beer delivery option — the only one to do so — in late 2017. It plans to offer beer delivery at more than 1,000 locations by summer. Last May, the pizza chain started beer delivery at about 100 locations in Arizona and California. Now it's also available in Ohio, Florida, Iowa, Nebraska and North Carolina.
Being at the forefront of beer delivery is Pizza Hut's way of stepping up efforts to compete against its rival, Domino's Pizza, the largest global pizza chain.
Sears gets brief reprieve
to finalize its rescue plan
Sears received another lifeline Tuesday when the company's chairman and largest shareholder promised to line up the necessary financing to keep the struggling department store chain afloat.
The reprieve came after what Sears lawyers described to a bankruptcy judge in New York as around-the-clock negotiations following the company board's initial rejection of Eddie Lampert's proposal, which sought to preserve 425 stores and 50,000 workers. According to lawyers close to the matter, one of the main sticking points was that the $4.4 billion bid, which included $1.3 billion in financing from three financial institutions, didn't include cash.
The bid now requires Lampert to deposit $120 million by 4 p.m. Wednesday through his ESL hedge fund.
Consumer borrowing pace
slows a bit in November
Americans slowed their pace of borrowing slightly in November, but it still grew by a robust $22.1 billion. Solid auto and student loans offset some of the decline in the category that covers credit cards.
The Federal Reserve said Tuesday that November's figure follows a $25 billion gain in October, which had been the biggest increase in 11 months. Economists had been forecasting more of a slowdown.
Consumer borrowing is closely watched for signs that households are still willing to take on new debt to finance purchases. Consumer spending accounts for 70 percent of total economic activity.
Job openings fall overall,
but remain at high level
U.S. job openings fell in November from the previous month, but the number of available positions remained healthy.
Job openings slipped 3.4 percent to a seasonally adjusted 6.9 million, the Labor Department said Tuesday. That is the fewest openings in five months, but still 16 percent higher than a year ago.
The job market remains strong despite sharp stock market declines last month and a slowing global economy bedeviled by trade fights.