Midas sees 3rd-Qtr loss, says CEO Province resigns

Newswire

ITASCA, Ill., Sept. 23 (Reuters) - Automotive services provider Midas, Inc., said on Monday its chief executive officer has resigned and it expects to report a third-quarter loss as falling wholesale parts distribution sales are hurting business. The company, which reported a profit of 35 cents a share in the prior year's third-quarter, said higher employee medical insurance costs are also weighing on its results. It said Chief Executive Officer Wendel Province, 54, would resign. He will ...

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