McDonald's

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Price Jump Could Ice Coffee Sales
Price Jump Could Ice Coffee Sales

Price Jump Could Ice Coffee Sales

With another price hike and competitors on its heels, will Starbucks stumble?

(Newser) - Starbucks recently hiked the cost of its coffee an average of 9¢ a cup—the seventh bump up since 1997. With a faltering stock price and learnings lagging after 15 years of solid growth, BusinessWeek wonders whether the premium coffee purveyor may have finally maxed out the market for the...

McDonald's Takes Good News to Go
McDonald's Takes Good News to Go

McDonald's Takes Good News to Go

Company's strong results can't offset cost of Latin American sale

(Newser) - Despite strong global sales, McDonald’s reported a second-quarter loss today, which it attributed to its sale of Latin American franchises. The company lost $711.7 million, or 60 cents a share, but said its new offerings and value menu drew consumers, CNNMoney reports. Excluding the Latin American charge, earnings...

Wendy's on Block as Stale Sales Sink Earnings

High beef prices, tough competition take toll

(Newser) - Wendy's is looking for buyers as the hamburger chain's earnings and market share plummet. Aggressive competition from McDonald's and Burger King as well as soaring beef and dairy prices have taken a  big bite out of Wendy's bottom line, the Wall Street Journal reports.

Micky D Gives Migrants a Raise
Micky D Gives
Migrants a Raise

Micky D Gives Migrants a Raise

Penny-a-pound increase for tomato pickers sets industry standard

(Newser) - The cent-a-pound increase McDonald's agreed to grant their tomato-picking field hands yesterday may sound like, well, pennies, but it represents a more than 70% raise, the Chicago Tribune reports. And the deal was hailed as paving the way for negotiations between migrant workers and other corporate Goliaths across the country.

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