Business briefs: Mandarin Express to roll into Mall at UTC

May 8, 2014 

Mandarin Express to roll into Mall at UTC

UNIVERSITY PARK -- Chinese fast food restaurant Mandarin Express will be making a stop at the Mall at University Town Center.

The restaurant is proposing to build a 1,600-square-foot space inside the mall, which is expected to open Oct. 16.

The restaurant has seven Florida locations, including Paddock Mall in Ocala and Seminole Town Center in Sanford. Mandarin Express is one of the largest Chinese fast-food chains in the country, founded in 1985, primarily in the Southeast, according to its website, advertising no added MSG.

All your Chinese standards are offered at Mandarin Express, including kung pao chicken, crab rangoon, spring rolls and more.

The two-level, 880,000-square-foot Mall at UTC will be located at Cattlemen Road and University Parkway, and is a joint venture between Taubman Centers and Benderson Development Co.

Bradenton Area EDC promotes two

BRADENTON -- The Bradenton Area Economic Development Corp. has promoted two staff members.

Project Manager Mary Chilton has been appointed to oversee the organization's Business Retention and Expansion Program, said Sharon Hillstrom, EDC president and chief executive officer. Cindy Unzicker has been promoted to investor relations and development manager.

Since joining the EDC in 2006, Chilton has served in several capacities with an emphasis on workforce development. As project manager for business retention and expansion, she will cultivate relationships with existing businesses and connect them to the resources necessary to succeed and grow.

Unzicker has served as the EDC's event coordinator since 2011. In her new post as investor relations and development manager, she will design and implement a comprehensive development plan focused on retaining and expanding private and public sector monetary support for the EDC. Unzicker will continue to manage EDC events.

Ford says it will buy back $1.8B in stock

NEW YORK -- Ford says it will buy back up to about 116 million shares of company stock worth about $1.8 billion.

The Dearborn, Mich.-based automaker says the buybacks will help offset potential dilution from convertible debt and stock-based compensation for employees. Those can increase the number of shares on the market and weigh on per-share earnings. By buying back its shares, Ford can help boost its earnings per share.

The price tag is based on Wednesday's closing price of $15.46 per share.

Ford Motor Co. shares rose nearly 1 percent to $15.60 in after-hours trading Wednesday. They closed down 10 cents at $15.46. The stock's value is nearly unchanged in 2014.

-- Herald staff and wire reports

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