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.
Illinois borrowing costs are headed for the biggest monthly increase since May 2012 as investors bet two rating cuts won’t be enough to spur lawmakers to fix the worst-funded U.S. state pension system.