Sandwich shop opens in downtown Lawrence

James North said a shortage of places to get a quick meal late at night in downtown Lawrence helped convince him to open a new sandwich shop on Massachusetts Street.

North, pictured above, recently opened Jimmy John’s Gourmet Sandwiches at 922 Mass. The business is open from 11 a.m. to 3 a.m., and North said that has proved popular with the downtown crowd.

“We call it the bar rush,” North said. “It hits us from about 1 a.m. to 3 a.m.”

The chain restaurant serves sub-style sandwiches ranging in price from $3.25 to $4.25.

North also owns the other Jimmy John’s at 1447 W. 23rd St. and said he hasn’t ruled out opening another location in Lawrence.

Labor: Teamsters, UPS avoid strike with tentative deal

The Teamsters and United Parcel Service Inc., dodging a repeat of the devastating 1997 strike, announced a tentative contract agreement Tuesday that gives workers a 22 percent pay increase over six years and creates 10,000 new full-time jobs.

The 210,000 UPS Teamsters still must approve the agreement, and vote results are expected in mid-August.

The new deal offers larger pay increases and more benefits than the current contract, but it fell short of what the Teamsters initially sought in new full-time jobs. UPS also got the longer, six-year contract it desired for stability.

Leadership: Deutsche Telekom names chief after resignation

Deutsche Telekom chief executive Ron Sommer quit Tuesday, ending his seven-year reign at the troubled German phone giant under heavy pressure over the company’s debts and slumping stock price.

He was replaced by company veteran Helmut Sihler as interim chief executive for the next six months.

Sihler, 72, used to head Telekom’s supervisory board and also is a vice chairman of the board at Swiss drug company Novartis.

The appointments were announced shortly after Sommer said he wanted to end public debate that was harming the company.

Earnings: Motorola announces loss

Motorola Inc. suffered a record net loss of $2.3 billion in the second quarter, pummeled by $3.4 billion in special charges related mostly to a restructuring of its computer chip-making division.

It was the company’s sixth consecutive unprofitable quarter, and the loss nearly doubled the previous worst $1.3 billion in the third quarter of 1998.