Former McDonald’s CEO Stephen Easterbrook has been charged by federal regulators with making false and misleading statements to investors about the circumstances of firing by the burger giant in November 2019.
Chicagoans not familiar with the name Carol Ross Barney almost certainly have experienced some of her work. From the Chicago Riverwalk to CTA stations, her designs are part of everyday life in the city.
Property owners will receive their tax bills soon — and homeowners might be a bit let down. Zoro, an e-commerce platform for business supplies, is joining the list of companies moving from the suburbs to the city. And McDonald's is rolling out what they say is their largest global campaign to date for the World Cup.
McDonald’s Chief Financial Officer Ian Borden said U.S. prices were 10% higher than last year in the July-September period. But while some lower-income consumers appeared to shift to cheaper menu items, overall demand remained strong.
There’s good news for those apartment hunting in downtown Chicago as record-high prices begin to cool off. And airline passengers will have more power and goodwill under a new federal proposal that would force fees to be disclosed.
McDonald’s is cooking up big changes for its franchise system. Yelp says it’s going with a fully remote workforce. And a city-backed panel wants to breathe new life into the LaSalle Street corridor.
A new fast-food chain restaurant opens in Russia, and it might look and taste familiar. Ann Dwyer takes us behind the headlines.
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.
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.
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.
McDonald’s faces a lawsuit that claims systemic racism in the company’s practices. Ann Dwyer has details on that story and more.
“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.
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.
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.
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.