Covington-based Smoothie King Franchises Inc. is being sold to a South Korean company.
Smoothie King currently has more than 600 units operating in 32 states, the Caymans and the Republic of Korea.
The purchase price was not disclosed in a news release on Monday.
Buyer SK USA Inc. is headed by Chief Executive Officer Wan Kim, a Boston University graduate who opened his first Smoothie King in 2003. Since then Wan's Smoothies Korea has opened more than 100 locations.
SINGAPORE (AP) — Oil rose slightly to near $85 a barrel today, clawing back some of a large drop from the previous session amid hope that weak U.S. economic growth may trigger new stimulus measures.
The Labor Department on Friday said the U.S. economy added 80,000 jobs last month, which was fewer than expected and prompted speculation that the U.S. Federal Reserve may implement more monetary stimulus measures known as quantitative easing.
Last week, the European Central Bank and the People's Bank of China both cut lending rates in the bid to boost flagging economic growth.
Recovery has been creeping at a slow pace for much of the American economy, but sales by US auto makers have revved up. Chrysler and General Motors both saw double digit growth in June, and Ford wasn't too far behind. Guest host Maria Hinojosa and NPR's Sonari Glinton talk about what's driving the rise.
First-time claims for unemployment insurance benefits in Louisiana for the week ending June 30 decreased from the previous week's total.
State labor department figures released Friday show initial claims fell to 3,456 from the previous week's total of 3,633. The figure was lower than it was for the comparable week a year earlier, when there were 4,169 initial claims.
The four-week moving average, which is a less volatile measure of claims, decreased to 3,792 from the previous week's total of 3,972.
Gary Cha and his family came to the U.S. from South Korea in the 1970s. They opened Yes! Organic Markets in food deserts and other unlikely neighborhoods around Washington, D.C. and Maryland. Cha speaks with host Michel Martin about his heritage, his business and racial tension between some Asian store-owners and African-American residents.
This is TELL ME MORE from NPR News. I'm Michel Martin. Coming up, we'll meet a couple who didn't just worry when their daughters started coming home making disparaging comments about their own looks. They decided to surround the girls with positive messages that they, too, are beautiful. We'll meet them and hear what they did in just a few minutes.
Created by the federal government during the Great Depression, Fannie Mae became a Washington powerhouse: a highly profitable, private company, protected by the government and boasting huge lobbying clout. But today, Fannie Mae has essentially become a ward of the state.
Credit Chris Arnold / NPR
While Fannie Mae's public image has been tarnished since the housing collapse, executive Kimberly Johnson says she actually likes "being at the center of the storm."
The collapse of the housing market has led to plenty of finger-pointing in Washington. Two easy targets are Fannie Mae and Freddie Mac.
These government-backed mortgage giants had to be rescued by taxpayers and now owe the government $188 billion. Still, Fannie and Freddie, which currently make the vast majority of home loans possible, are crucial to supporting the housing market right now.
Michael Friedman and Greg Augarten sell New York-style pizza in New Orleans. Their operation, Pizza Delicious, is a takeout window between Piety Street and Desire Street. They're only open two nights a week. If you're in the know, you can call them up and order a pie.
Business has been good, and they're about to buy their own place. So for the first time they're considering paid advertising. They'd been thinking about advertising on Facebook but didn't know how to proceed.