Business Digest
REGION
Avalon Holdings posts loss
HOWLAND — Avalon Holdings Corp. lost $42,000 on revenue of $9.6 million in the third quarter, compared with earnings of $451,000 on revenue of $14.3 million.
For the first nine months of this year, the Howland-based company has lost $700,000 on revenues of $26.8 million, compared with earnings of $700,000 on revenues of $36.3 million in the same period last year.
The company provides waste-management services and operates Avalon Golf and Country Club, which runs three courses in the area.
NATION
Franchisees sue Burger King
CHICAGO — Burger King franchisees sued the hamburger company this week over its $1 double-cheeseburger promotion, saying they’re losing money on the deal and that the company can’t set maximum menu prices.
The National Franchise Association, a group that represents more than 80 percent of Burger King’s U.S. franchise owners, said the $1 promotion forces restaurant owners to sell the quarter-pound burger at a loss.
After testing the $1 deal in markets across the country, the discounted burger went on sale nationwide last month even though franchise owners, who operate 90 percent of the company’s 12,000 locations, twice rejected the product because of its expense.
From Vindicator staff and wire reports
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