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Bread store outlet opens in Quimby

Residents in the Waynedale area will have a bread outlet once again.

Fort Wayne-based Aunt Millie's on Monday opened its third local outlet at the site once occupied by Hostess Brands at 1912 Bluffton Road in Quimby Village.

Hostess went out of business in late 2012, but its assets were purchased by a pair of investment companies four months later.

Aunt Millie's other Fort Wayne outlets, at 350 Pearl St. and 4001 Kraft Parkway, are among about 40 such sites the company owns throughout the Midwest.

GM Finance getssubpoena for loans

GM Finance says it has received a subpoena from the U.S. Department of Justice for documents related to subprime auto loans.

The affiliate of General Motors Co. said in a filing Monday with the government that the Justice Department requested documents related to the origination and securitization of subprime auto loan contracts since 2007.

Subprime loans generally are made to borrowers with questionable credit repayment histories.

GM Finance said the Justice Department is considering a civil lawsuit for potential violations of the Financial Institutions Reform, Recovery and Enforcement Act, a federal law that was passed after the savings and loan crisis in the 1980s.

General Motors Financial Co. said it received the subpoena July 28. It disclosed the request in a filing with the Securities and Exchange Commission.

McDonald's warnssales are worsening

McDonald's Corp. warned Monday that its full-year sales forecast may have to come down due to factors that have worsened since it reported quarterly results less than two weeks ago.

The world's largest restaurant company is facing a variety of issues as it tries to reignite sales growth.

One notable concern came in mid-July, when a Chinese TV report showed workers at a Shanghai Husi Food plant in China picking up meat from a factory floor, as well as mixing and distributing meat beyond its expiration date.

The plant, owned by Aurora, Illinois-based OSI Group LLC, had been a supplier to some of McDonald's restaurants in China and to other major chains there.

When McDonald's reported its second-quarter results July 22, it indicated that this year's global comparable sales were expected to be relatively flat, in line with its performance through June.

Walgreen replacesCFO with Kraft exec

Walgreen Co. announced Monday that it has replaced longtime Chief Financial Officer Wade Miquelon with Timothy McLevish, who held the same position at Kraft Foods Group Inc.

The move, effective immediately, comes days before the Deerfield, Illinois, pharmacy chain prepares to announce its final plans on a projected $16 billion acquisition to complete the takeover of European counterpart Alliance Boots GmbH.

Walgreen executives are sched­uled to detail the final timing, structure, management team and corporate home of the new company as soon as this week.

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