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Struggling Pizza Hut sold for $2.7 billion by parent Yum Brands

Private equity firm LongRange Capital is buying Pizza Hut, excluding the mainland China business, for about $1.5 billion, the company said Tuesday. The mainland China Pizza Hut will be purchased by Yum China Holdings Inc. for approximately $1.2 billion, it said.

PUCO recommends 145% rate increase for SOBE plant

The Public Utilities Commission of Ohio is recommending a 145% rate increase for some customers of the SOBE plant in downtown Youngstown to avert a financial crisis, which could go into effect as early as July.