Business briefs: Gregory Reyes' trial

Gregory Reyes, the former Brocade Communications Inc. (BRCD) CEO went on trial in federal court in San Francisco on Monday on charges of securities fraud and conspiracy. He is alleged to have misled investors by backdating stock option grants, altering company documents and causing the San Jose-based Brocade, a network equipment maker, to report false financial results.

WENDY’S INTERNATIONAL INC.

Wendy’s International Inc. (WEN), the nation’s third largest hamburger chain, is exploring a possible sale of the company. The company warned that profits for the year would fall short of Wall Street expectations. A sale would cap a whirlwind year for the company, which has spun off its Tim Hortons chain, dumped its money-losing Baja Fresh Mexican Grill and laid off employees.

businessBusiness & Real Estate

If you find our journalism valuable and relevant, please consider joining our Examiner membership program.
Find out more at www.sfexaminer.com/join/
Previous story
Larry Kamer: Teaching firms to handle crises
Next story
Business briefs: Explicit labeling forVodka

Just Posted

Demonstrators commemorated the life of George Floyd and others killed by police outside S.F. City Hall on June 1, 2020.<ins></ins>
Chauvin verdict: SF reacts after jury finds ex-officer guilty on all charges

San Franciscans were relieved Tuesday after jurors found a former Minneapolis police… Continue reading

San Francisco Unified School District Board member Faauuga Moliga, right, pictured with Superintendent Vincent Matthews on the first day back to classrooms, will be board vice president for the remander of the 2121 term. (Kevin N. Hume/S.F. Examiner)
Faauuga Moliga named as school board vice president to replace Alison Collins

The San Francisco school board on Tuesday selected board member Fauuga Moliga… Continue reading

Legislation by Supervisor Rafael Mandelman would require The City to add enough new safe camping sites, such as this one at 180 Jones St. in the Tenderloin, to accomodate everyone living on the street. (Kevin N. Hume/S.F. Examiner)
City would create sites for hundreds of tents under new homeless shelter proposal

Advocates say funding better spent on permanent housing

An instructor at Sava Pool teaches children drowning prevention techniques. (Jordi Molina/ Special to the S.F. Examiner)
Indoor city pools reopen for lap swimming and safety classes

Two of San Francisco’s indoor city pools reopened Tuesday, marking another step… Continue reading

A construction worker rides on top of materials being transported out of the Twin Peaks Tunnel as work continues at West Portal Station on Thursday, August 16, 2018. (Kevin N. Hume/S.F. Examiner)
SFMTA’s poor track record on capital projects risks losing ‘public trust’

Supervisors say cost overruns and delays could jeapordize future ballot revenue measures

Most Read