McDonald’s internal investigation extends beyond ousted CEO
An internal investigation by McDonald’s of potential misconduct has extended beyond its former CEO who was forced out late last year. McDonald’s board of directors…
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Orders for big-ticket US manufactured goods jumped 11.2%
WASHINGTON — Orders to U.S. factories for big-ticket manufactured goods jumped 11.2% in July, the third consecutive monthly gain. The Commerce Department reported today that…
Dick’s: Fiscal 2nd quarter earnings snapshot
CORAOPOLIS, Pa. — Dick’s Sporting Goods Inc. today reported fiscal second-quarter profit of $276.8 million. On a per-share basis, the company said it had profit…
Honda reaches $85 million settlement over airbags
NEW YORK — Honda has reached an $85 million settlement with multiple states about allegations that it hid safety failures in the airbags of certain…
KFC suspends ‘Its Finger Lickin’ Good’ slogan amid pandemic
LOUISVILLE, Ky. — Don’t lick your fingers. That’s what Kentucky Fried Chicken signaled to customers Monday as the company suspended its “It’s Finger Lickin’ Good”…
Bank profits slump 70% as virus rakes businesses, households
NEW YORK — The U.S. banking industry’s second quarter profits fell by 70% from a year ago, the FDIC said today, as low interest rates…
US consumer confidence falls for second month in August
WASHINGTON — U.S. consumer confidence fell for second straight month in August as a resurgence of virus cases in many parts of the country heightened…
July sales of new homes surge 13.9%, far more than thought
SILVER SPRING, Md. — Sales of new homes jumped again in July, rising 13.9% as the housing market continues to gain traction following a spring…
Millennial Money: 6 Great Recession lessons that still apply
The Great Recession demolished jobs across the U.S., and it eventually came for mine, too. After graduating in 2009, I worked four months as an…
S&P CoreLogic Case-Shiller: US home prices rise 3.5% in June
WASHINGTON — U.S. home prices rose at a slightly slower pace in June, but the U.S. housing market continued to show resilience in the face…