McDonald’s casts doubt on sales outlook after China food scare
(Reuters) – McDonald’s Corp said on Friday that its global sales forecast for 2014 was at risk after a China food scandal drove away diners and forced the chain to scramble to find new suppliers of ingredients for Chicken McNuggets and Big Macs.
Ex-Im Bank reauthorization left off Republican to-do list
WASHINGTON (Reuters) – Reauthorization of the U.S. Export-Import Bank was left off a list of items that the No. 2 Republican in the House of Representatives expects his party to take up in September, raising new questions about the bank’s future.
Judge rejects $324.5 million settlement over Apple, Google hiring
SAN FRANCISCO (Reuters) – Four Silicon Valley companies including Apple and Google failed to persuade a U.S. judge to sign off on a $324.5 million settlement to resolve a lawsuit by tech workers, who accused the firms of conspiring to avoid poaching ea…
Wall Street rebounds, erases week’s losses with Russia news
NEW YORK (Reuters) – The S&P and Dow both posted their best day since March on Friday, with the market buoyed by news that Russia was ending military drills near the Ukrainian border, while investors overlooked U.S. air strikes in Iraq.
Exclusive: Boeing 787 output hiccups reemerge at assembly sites
NEW YORK (Reuters) – Boeing has pushed some factory work on the 787 Dreamliner to the uncovered tarmac outside its assembly plant in Washington state in an effort to keep churning out the popular plane at a rate of one every three days, according to pe…
California judge sets August 20 hearing in Allergan vs. Valeant case
(Reuters) – The federal judge in California overseeing Allergan Inc’s insider trading lawsuit against Valeant Pharmaceuticals and activist investor William Ackman has set an Aug. 20 hearing date to decide on a fast-track schedule for the case, accordin…
Madoff trustee cannot void Merkin, Fairfield settlements: court
NEW YORK (Reuters) – In a setback for the trustee seeking money for former customers of fraudster Bernard Madoff, a U.S. appeals court refused to void two settlements benefiting investors who sued “feeder funds” that sent their money to Madoff.
GM recalls another 269,000 cars for variety of defects
DETROIT (Reuters) – General Motors said on Friday it is recalling 269,000 vehicles to fix a variety of defects.
Ex-Microsoft employee gets two years in prison for insider trades
SEATTLE (Reuters) – A former Microsoft Corp employee was sentenced to two years in prison on Friday for his part in an insider trading scheme that netted him and his partner more than $400,000.
Exclusive: ConAgra CEO Rodkin expected to retire in months – sources
(Reuters) – ConAgra Foods Inc’s long-time chief executive, Gary Rodkin, is expected to retire in the next several months, according to two people familiar with the matter, paving the way for a successor who investors hope can turn around the ailing pac…
