Miscellaneous 'Shoe

-- "Wendy's Potential Buyers Are Lining Up" at WSJ.com. As more than a dozen parties -- including the private equity firm whose board counts a Wendy's investor as its chairman -- express interest, the company is reportedly pondering a recapitalization plan or some other strategy. Franchisees are asking Wendy's board not to lower the number of menu items or make other changes -- such as sourcing menu item components from foreign countries -- that could lower the value of the brand before a sale.

-- AOL is moving its headquarters to New York City from Dulles, Virginia. Sucks for U of Maryland MBAs. Won't suck for ad revenue.

-- IBM has joined OpenOffice.org and will give away a free alternative to Microsoft's Office suite of products. I've used OpenOffice in the past and didn't think much of its free versions of Word, Excel and PowerPoint. They were certainly worth the price -- free is good -- but were clearly inferior to the real deals. IBM's package of products, called Symphony, is aimed to increase adoption of its Notes software.