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Young Muscovites checks out a new taste sensation for the Soviet Union, hamburgers and soft drinks in Moscow on Jan. 31, 1990. McDonald’s said Thursday, May 19, 2022, it has begun the process of selling its Russian business to one of its licensees in the country. (AP Photo / Rudi Blaha, File)

The Chicago burger giant said its existing licensee Alexander Govor, who operates 25 restaurants in Siberia, has agreed to buy McDonald’s 850 Russian restaurants and operate them under a new name. McDonald’s did not disclose the terms of the sale.

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(WTTW News)

McDonald’s is “de-arching” in Russia and leaving the country after more than 30 years; as the baby formula crisis deepens, a local congressman is putting pressure on Abbott Labs; and Boeing leadership faces criticism from an Ireland-based airline.

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(WTTW News)

The “Mc” mark in McDonald’s takes center stage in a trademark dispute with a CBD merchant; Allstate CEO Tom Wilson says insurance premiums have to rise; and beer enthusiasts won’t have to wait much longer for the beloved Lagunitas taproom to reopen.

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(WTTW News)

McDonald’s faces a lawsuit that claims systemic racism in the company’s practices. Ann Dwyer has details on that story and more.

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Steve Easterbrook, President & CEO of McDonald's, speaks during an event in McDonald's Chicago flagship restaurant Wednesday, Aug. 8, 2018. (AP Photo / Nam Y. Huh, File)

“During my tenure as CEO, I failed at times to uphold McDonald’s values and fulfill certain of my responsibilities as a leader of the company,” Steve Easterbrook said in a prepared statement issued Thursday by McDonald’s. 

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A McDonald’s restaurant in Chicago. (WTTW News)

Following controversial remarks by McDonald’s CEO, a new campaign asks the company to do more than apologize. That story and more with Crain’s Chicago Business reporter A.D. Quig.

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This June 25, 2019 file photo shows a McDonald's sign outside the restaurant in Pittsburgh. More than 50 Black former McDonald’s franchise owners are suing the burger chain for discrimination. (AP Photo/Gene J. Puskar, File)

Revenue jumped 14% to $6.2 billion in the July-September period, the Chicago burger giant said Wednesday. That beat Wall Street’s forecast of $6 billion, according to analysts polled by FactSet.

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FILE- This Aug. 8, 2018, photo shows logos of McDonald's Chicago flagship restaurant. (AP Photo / Nam Y. Huh, File)

McDonald’s follows other chains including Chipotle, which said Monday that it will raise workers’ pay to an average of $15 per hour by the end of June. 

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This June 25, 2019 file photo shows a McDonald's sign outside the restaurant in Pittsburgh. More than 50 Black former McDonald’s franchise owners are suing the burger chain for discrimination. (AP Photo/Gene J. Puskar, File)

The 52 plaintiffs, who owned around 200 U.S. stores before being forced to sell them over the last decade, are seeking compensation of $4 million to $5 million per store, according to the lawsuit, which was filed Tuesday in federal court in Chicago.

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A McDonald’s restaurant in Chicago. (WTTW News)

McDonald’s files a lawsuit against its former CEO, who was ousted last fall. That story and more with Crain’s Chicago Business Editor Ann Dwyer.

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In this Wednesday, July 26, 2017, file photo, McDonald’s CEO Steve Easterbrook is interviewed at the New York Stock Exchange. (AP Photo / Richard Drew, File)

McDonald’s says it’s suing Stephen Easterbrook, the CEO it ousted last year over an inappropriate relationship with an employee, alleging Monday that he covered up relationships with three other employees and destroyed evidence. 

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A McDonald’s sign is displayed outside the fast food restaurant in Wheeling, Ill., Thursday, April 9, 2020. (AP Photo / Nam Y. Huh)

McDonald’s says it will be requiring customers to wear face coverings when entering its U.S. restaurants as the number of new virus cases continue to surge in many states.

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In this June 25, 2019 file photo a sign is displayed outside a McDonald's restaurant in Pittsburgh.(AP Photo / Gene J. Puskar, File)

The National Labor Relations Board has ruled in McDonald’s favor in a long-running case filed by 20 workers who were fired or faced retaliation for trying to unionize. 

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In this June 25, 2019 file photo a sign is displayed outside a McDonald's restaurant in Pittsburgh.(AP Photo / Gene J. Puskar, File)

A group of employees from 13 McDonald’s restaurants in Chicago filed a lawsuit Thursday alleging that the company’s drive for profits puts workers at “daily risk” of physical attack by dangerous customers.

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In this June 25, 2019 file photo a sign is displayed outside a McDonald's restaurant in Pittsburgh. McDonald's got tough on its former CEO, who was fired last week for having a consensual relationship with an employee. Now, some workers say, the company needs to get tougher on sexual harassment in its restaurants. On Tuesday, Nov. 12 former McDonald's employee Jenna Ries filed a class-action lawsuit against the company and one of its Michigan franchisees. Ries says she and female colleagues were subjected t

At least 50 workers have filed sexual harassment charges against the company with the U.S. Equal Employment Opportunity Commission or in state courts over the past three years.