Sharon-based Quaker Steak & Lube on Wednesday said it has signed a development agreement with I-10 Hospitality to develop seven restaurants across the Interstate 10 corridor.
Based in Louisiana, I-10 Hospitality plans to open Quaker Steak locations in the areas of Beaumont-Port Arthur, Texas; Lake Charles, Lafayette, Baton Rouge and New Orleans, La.; Biloxi-Gulfport, Miss.; Mobile, Ala.; and Pensacola, Fla., over the next five years. The first restaurant is projected to open in early 2014 with the remainder opening through 2018.
RJ’s on exhibit at IX
RJ’s Pepper Pantry, a manufacturer of gourmet-style mild-to-spicy food products based in Warren, will be on exhibit at the Fabulous Food Show at IX Center in Cleveland on Saturday, Sunday and Monday.
The company’s RJ’s Diavolo Sauce with Peppers, which was recently introduced, will be showcased by an unspecified celebrity chef in an appetizer presented at the event Friday.
The company opened a little more than a year ago. It serves more than 60 specialty stores in four states, including Whole Foods stores.
Investors lift Dow to another record close
There weren’t any major economic developments or blockbuster earnings. But that didn’t stop investors from pushing the Dow Jones industrial average to another record Wednesday.
Instead, investors focused on the big economic news yet to come this week — third-quarter U.S. economic growth today and the October jobs report Friday.
Both reports could signal how much longer the Federal Reserve will continue its $85 billion a month in bond purchases. That program has held down interest rates, kept bond yields low and made stocks more attractive for investors.
The Dow notched its 33rd record close for the year, rising to 15,746.88 with some help from Microsoft.
Vindicator staff/wire reports
Selected local stocks
Aqua America, .61, 25.63 .25
Clear Channel, .61 26.375 —.1849
Cortland Bancorp, 9.75.00
Farmers Nat., .126.32 .03
First Energy, 2.20, 38.12.98
FirstMerit Corp., .64,22.06 .08
First Niles Financial, .32,6.50.00
First Place Fin., .0026.0000
FNB Corp., .48,12.58.160
General Electric, .76,26.90.48
Motors Liquidation, .0422.0000
Huntington Bank, .20, 8.85.100
JP Morgan Chase, 1.52,52.095.1450
Key Corp, .22,12.66.10
LaFarge, 18.15 .03
Macy’s, 1.00, 46.41.27
Parker Hannifin, 1.80, 115.89.40
RTI Intl. Metals,34.41.01
Simon Prop. Grp.,4.60,156.241.03
Stoneridge 12.31 —.03
United Community Fin. 3.69—.02
Selected prices at 4 p.m. Wednesday. Provided by Stifel Nicolaus. Not to be construed as an offer or recommendation to buy or sell any security.