Feb 15, 2017

CKE silent on Andy Puzder's future as CEO

AP Photo/Carolyn Kaster, File)

CKE Restaurants, the parent company of burger chains Hardee's and Carl's Jr., declined on Wednesday to say if Andy Puzder will remain as CEO, following his decision to withdraw as President Trump's nominee for U.S. Labor Secretary.

Puzder has been with CKE since 1997, and has run the show since 2001. After his December nomination, the company declined to name a successor.

When called by Axios today to learn of Puzder's future relationship to the company, a spokeswoman replied via email that CKE "won't be providing further commentary at this time." Roark Capital, the private equity firm that owns CKE, also declined comment.

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Coronavirus spreads to more countries, and U.S. ups its case count

Data: The Center for Systems Science and Engineering at Johns Hopkins, the CDC, and China's Health Ministry. Note: China numbers are for the mainland only and U.S. numbers include repatriated citizens.

The novel coronavirus continues to spread to more nations, and the U.S. reports a doubling of its confirmed cases to 34 — while noting those are mostly due to repatriated citizens, emphasizing there's no "community spread" yet in the U.S. Meanwhile, Italy reported its first virus-related death on Friday.

The big picture: COVID-19 has now killed at least 2,359 people and infected more than 77,000 others, mostly in mainland China. New countries to announce infections recently include Israel, Lebanon and Iran.

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Wells Fargo agrees to pay $3 billion to settle consumer abuse charges

Clients use an ATM at a Wells Fargo Bank in Los Angeles, Calif. Photo: Ronen Tivony/SOPA Images/LightRocket via Getty Images

Wells Fargo agreed to a pay a combined $3 billion to the Justice Department and the Securities and Exchange Commission on Friday for opening millions of fake customer accounts between 2002 and 2016, the SEC said in a press release.

The big picture: The fine "is among the largest corporate penalties reached during the Trump administration," the Washington Post reports.