Pennsylvania snack foods maker Snyder’s of Hanover Inc. is buying crosstown rival Utz Quality Foods. Inc. The two family-owned companies were short on details in their announcement Thursday and the price was not disclosed.
Snyder’s, a pretzel maker founded in 1909, has plants in Indiana and Arizona, in addition to its flagship site in Hanover. The company employs 2,250. Utz, best know for its potato chips that William and Salie Utz began making 1921 and delivering to Baltimore markets, has four plants in Hanover, where it produces a full line of snack foods and employs 2,200.
Snyder’s said it would continue operating all five Hanover plants.
The Reva Electric Car Co. of India will work with Bannon Automotive, a new electric car company in Freeport, N.Y., to assemble a three-door plug-in hatchback, the NXR, at a site in the Syracuse, N.Y. area, according to a state official, who spoke to The Associated Press on the condition of anonymity because the announcement hadn’t been made.
Bannon Automotive has secured an exclusive North American licensing deal with Reva, and the companies have agreed to spend $26.5 million on the plant, The Post-Standard of Syracuse reported this week.
Microsoft Corp. finally got its chance to reboot its reputation Thursday, launching a new edition of Windows that it hopes will encourage more PC buyers to get back into stores.
Microsoft CEO Steve Ballmer celebrated the arrival of Windows 7 in New York with a few hundred people who had helped test early versions of the software that runs PCs.
Some retailers had opened at midnight to give customers an early shot at buying a new PC or a disc that they could use to put Windows 7 on their existing computers.
US Airways joined formation with the other big carriers and reported a third-quarter loss on Thursday as it cut fares and flew less.
The carrier lost $80 million as revenue fell 16.6 percent from the same period last year, to $2.72 billion. However, the loss was smaller than analysts expected, and the company said it is seeing signs that business demand is picking up.