Mondelez International Inc., the U.S. company that makes everything from Oreo cookies to Trident gum, plans to spend $110 million on a new factory in Russia, navigating an increasingly tense geopolitical climate.
Two former McDonald’s Corp. store managers, assisting with a campaign to raise pay for fast-food workers, said they helped withhold employees’ wages at the restaurant chain after facing pressure to keep labor costs down.
Illinois lawmakers return to their chambers today with the goal of bolstering the weakest state pension system. Investors are skeptical of their resolve, demanding a record yield cushion to own the state’s obligations.
McDonald’s Corp., the world’s biggest restaurant chain, was sued by workers claiming they’re being idled without pay for minutes and hours at work when demand slackens, in violation of U.S. and state labor laws.
McDonald’s Corp., the world’s largest restaurant chain, rose the most in more than two years after Chief Financial Officer Pete Bensen said the company may look to cut costs and borrow more cash to return to investors.
McDonald’s Corp., the world’s largest restaurant chain, said sales at stores open at least 13 months fell 0.3 percent in February as its U.S. business slumped for the fourth straight month amid harsh weather.