Sara Lee swings to loss, will split June 30
Sara Lee Corp.swung to a loss during the third quarter ended March 31, primarily due to discontinued operations and costs associated with its impending split. After the news, shares fell...
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McDonald’s profit up, helped by U.S. sales gains
McDonald's Corp. reported a solid first quarter Friday despite soaring commodity costs and a tough consumer environment in Europe, the chain's largest market. . The Oak Brook-based burger chain reported...
McDonald’s outgoing CEO sees 10% drop in compensation
McDonald's outgoing Chief Executive Jim Skinner will receive about $10 million in cash at year-end, according to a company filing. Skinner's eligibility is based on his participation in an executive...
McDonald’s drops egg supplier over animal cruelty report
McDonald's dropped an egg supplier Friday, following reports of cruelty.A three-month investigation conducted by ABC News and Mercy for Animals, a non-profit organization devoted to animal welfare, produced a video...
Mid-sized companies to boost long-term investments, Deloitte finds
Midsize companies in the U.S. plan to maintain or increase their long-term investments despite economic uncertainty and caution on adding jobs, according to a new survey by Deloitte. The accounting...
Anheuser-Busch taking over Goose Island
Goose Island Beer, the Chicago brewing powerhouse, announced this morning it will be taken over by Anheuser-Busch for $38.8 million. Goose Island is selling a 58 percent stake in the...