Networking opportunity: Wanting to forge connections between black business owners, the Baton Rouge Metropolitan Black Chamber of Commerce is hosting its second annual “We’re Stronger Together” Minority Business Conference and Expo tomorrow from 9 a.m. to 4 p.m. on the JC Penney stage at Cortana Mall. The conference will feature 54 vendors, food trucks, music, workshops, a fitness session and a keynote address.
Whata-buy: An investment firm has purchased a majority stake in Whataburger as the Texas-based fast-food company seeks to expand in an increasingly competitive market. Whataburger announced the purchase by Chicago-based BDT Capital Partners should be finalized by the end of the summer and will be subject to regulatory overview. Terms of the deal were not disclosed. Read the full story.
Production: U.S. industrial production improved in May, but manufacturers showed weakness despite eking out a slight gain. The Federal Reserve said this morning that industrial output, which includes factories, utilities and mines, rose 0.4% in May, after tumbling 0.4% in April. Manufacturing output increased just 0.2% last month, not enough to overcome declines in prior months. Read the full story.