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Wendy’s raises hourly wages by 10%

Wendy’s Co.’s Chief Executive Todd Penegor said in a blog post on Thursday that the burger chain is raising hourly wages by 10% per hour for the next five weeks. Crew members, shift managers and assistant general managers are eligible for the pay rise. General managers and district managers will receive part of their March and April bonuses. Workers will also get free meals and family meals at a discount. Wendy’s stock is down 24.5% over the past year while the S&P 500 index has fallen 12% for the period.Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.

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