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$THS said it plans to close two manufacturing plants in Azusa, California and Ripon, Wisconsin. The decision follows an analysis of plant network to align operations with current and future needs of its customers and eliminate excess manufacturing capacity. Total costs to close Azusa and Ripon facilities are expected to be about $17MM.
What will be an ideal EPS range for $PZZA in its earnings today?
The U.S. Treasury will be receiving $10 billion as dividends from the combined government-backed mortgage giants Fannie Mae and Freddie Mac. This is a sign that a recovered housing market is allowing the once-ailing firms to subsidize federal government spending.