Consumer Goods

  • McDonald's CEO 'proud' of pay hike AAP - 9 hours ago
    McDonald's CEO 'proud' of pay hike

    McDonald's CEO Steve Easterbrook says he's "incredibly proud" of a recent decision to bump pay for some workers, even as hundreds of protesters outside called on the company to do more ahead of its annual shareholder meeting. Easterbrook, who stepped into his role in March, is fighting to revive sluggish sales and convince people that McDonald's is a "modern, progressive burger company". Easterbrook said at the meeting in Oak Brook, Illinois, that he was proud of the decision announced last month to raise pay for workers at company-owned stores to $1 above the local minimum wage, as well as offer help with college tuition to workers at all stores.

  • America's Car-Mart posts 4Q profit Associated Press - 10 hours ago

    On a per-share basis, the Bentonville, Arkansas-based company said it had profit of 81 cents. The auto retailer posted revenue of $137.6 million in the period. For the year, the company reported profit ...

  • 5 of the Most Controversial Ads in Recent History Entrepreneur - 12 hours ago
    5 of the Most Controversial Ads in Recent History

    From puppy mills to beauty standards, the themes of these commercials provoked polarizing reactions.

  • Best Buy jumps after 1Q sales, profit top Wall St. views Associated Press - 13 hours ago

    Best Buy's stock jumped in trading Thursday after its first-quarter sales and profit managed to top analysts' expectations. The big-box electronics retailer, based in Minneapolis, said sales of mobile ...

  • 5 Uncomfortable Questions Asked at McDonald's Company Shareholders' Meeting Entrepreneur - 13 hours ago
    5 Uncomfortable Questions Asked at McDonald's Company Shareholders' Meeting

    Like to complain about McDonald's? You'd fit right in at the company's shareholders' meeting.

  • McDonald's CEO faces shareholders amid protests, sales woes Associated Press - 18 hours ago
    McDonald's CEO faces shareholders amid protests, sales woes

    McDonald's CEO Steve Easterbrook is set to make his debut before shareholders at the company's annual meeting Thursday at a time when the chain is facing declining sales and ongoing protests over worker ...

  • McDonald's CEO to greet shareholders amid declining sales Associated Press - 18 hours ago

    McDonald's CEO Steve Easterbrook is set to make his debut before shareholders at the company's annual meeting Thursday at a time when the chain is facing declining sales and ongoing protests over worker ...

  • Rocky Mountain Chocolate posts 4Q profit Associated Press - 20 hours ago

    On a per-share basis, the Durango, Colorado-based company said it had profit of 22 cents. Earnings, adjusted for one-time gains and costs, came to 24 cents per share. The confectionery producer and retailer ...

  • National mortgage rates for May 21, 2015 Bankrate.com - 22 hours ago

    Interest Rate Roundup Find the best mortgage rates in your area. Mortgages 30-year fixed: 4.03% Average points: 0.23 Mortgage rates rose this week, according to Bankrate's latest survey of interest rates. ...

  • Credit card interest rates for May 21, 2015 Bankrate.com - 22 hours ago

    Interest Rate Roundup Find the best credit card offers available. Credit Cards All fixed: 13.02% All variable: 15.85% Credit card rates were unchanged this week in Bankrate's survey of national interest ...

  • Auto loan rates for May 21, 2015 Bankrate.com - 22 hours ago

    Interest Rate Roundup Find the best auto rates in your area. Auto Loans 60-month, new car: 4.38% 36-month, used car: 5.2% Auto loan rates were stuck in neutral, as none of them budged this week, according ...

  • Almost 500,000 Australian cars recalled AAP - Thu, May 21, 2015 5:26 PM AEST

    Almost half a million Australian cars have been recalled due to an airbag fault linked to six deaths around the world. It's part of a global recall of cars that have been fitted with airbags from one of the world's biggest air-bag companies, Takata. The defect - thought to be linked to a chemical propellant that helps inflate the airbags - can cause them to deploy with explosive force, sending shrapnel hurtling towards drivers and passengers.

  • McDonald's Japan updates menu, prices after food scandals AFP - Thu, May 21, 2015 9:48 AM AEST
    McDonald's Japan updates menu, prices after food scandals

    McDonald's Japan unveiled a limited revamp to its menu and pricing Thursday as the under-fire burger chain fights to restore its reputation -- but the modest changes met with a cautious response from analysts. "Our customers have spoken and we have listened," McDonald's Japan President Sarah Casanova told reporters at a press conference in a Tokyo outlet. McDonald's will also round its prices up or down to avoid awkward figures that result in customers getting handfuls of change, something identified as a bugbear.

  • Uniroyal celebrates 50th anniversary of giant tire Associated Press - Thu, May 21, 2015 9:48 AM AEST
    Uniroyal celebrates 50th anniversary of giant tire

    Generations of motorists have passed by the world's largest tire, which sits alongside a busy stretch of Detroit-area freeway. On Wednesday, however, dozens of visitors enjoyed a different vantage point ...

  • House panel votes to repeal country-origin meat labeling law Associated Press - Thu, May 21, 2015 6:35 AM AEST
    House panel votes to repeal country-origin meat labeling law

    A House committee has voted to get rid of labels on packages of meat that say where the animals were born, raised and slaughtered. The House Agriculture Committee voted 38-6 to repeal a "country-of-origin" ...

  • What you need to know about the Takata air bag recall Associated Press - Thu, May 21, 2015 6:34 AM AEST
    What you need to know about the Takata air bag recall

    A recall of air bags made by Japanese auto parts supplier Takata Corp. now has the dubious distinction of being the largest in U.S. history. The number of vehicles in the U.S. being recalled because of ...

  • This New Virtual Reality Headset Tracks Your Eye Movements Entrepreneur - Thu, May 21, 2015 5:50 AM AEST
    This New Virtual Reality Headset Tracks Your Eye Movements

    FOVE has launched a Kickstarter campaign to fund production and manufacturing of its headset.

  • McDonald's shuts down restaurant amid protest over low wages Associated Press - Thu, May 21, 2015 4:34 AM AEST

    McDonald's shut down a restaurant near its headquarters Wednesday after the area was swamped by hundreds of protesters calling for pay of $15 an hour and a union. The restaurant was closed because of traffic ...

  • Target beating Wal-Mart in race for turnaround Associated Press - Thu, May 21, 2015 3:58 AM AEST
    Target beating Wal-Mart in race for turnaround

    Target is beating Wal-Mart in the race to beef up sales. Target Corp. on Wednesday reported a nearly 52 percent surge in its first-quarter profit on strong sales of more profitable items like fashion and ...

  • Protest for $15 an hour planned ahead of McDonald's meeting Associated Press - Thu, May 21, 2015 2:37 AM AEST

    Labor organizers and workers are expected to protest outside McDonald's headquarters Wednesday to drive home their demand for pay of $15 an hour and a union for fast-food workers. The start of the two-day ...

  • Hormel beats 2Q profit forecasts Associated Press - Wed, May 20, 2015 10:44 PM AEST

    Hormel Foods Corp. (HRL) on Wednesday reported fiscal second-quarter profit of $180.2 million. The Austin, Minnesota-based company said it had profit of 67 cents per share. The results beat Wall Street ...

  • Supporters for $15-an-hour wage to attend McDonald's meeting Associated Press - Wed, May 20, 2015 10:19 PM AEST

    Labor leaders and workers are expected to gather outside McDonald's Corp. shareholders meeting to drive home their demand for a $15-an-hour wage for fast-food workers. Pressure on Oak Brook, Illinois-based ...

  • Cheese big business for Tasmania AAP - Wed, May 20, 2015 6:20 PM AEST

    The largest specialist cheese factory in the southern hemisphere has opened in Tasmania. The Heritage cheese factory, run by food and beverage company Lion at Burnie on the state's northwest coast, has ...

  • Toyota recalls 181,000 cars AAP - Wed, May 20, 2015 6:13 PM AEST
    Toyota recalls 181,000 cars

    Toyota Australia has ordered the recall of 181,000 cars after an airbag fault linked to five deaths worldwide. The decision is part of a global recall of more than five million Toyotas which have been fitted with airbags from one of the world's biggest air-bag companies, Takata. Toyota Australia says its recall will affect vehicles built between 2003 and 2007 and includes its Yaris, Corolla, Avensis Verso, Echo and Rav4 models.

  • House to consider repeal of meat labeling law Associated Press - Wed, May 20, 2015 5:29 PM AEST
    House to consider repeal of meat labeling law

    A House committee is moving swiftly to get rid of labels on packages of meat that say where the animals were born, raised and slaughtered. The House Agriculture Committee will consider a bill to repeal ...

  • Takata air bag recall doubles to nearly 34 million Associated Press - Wed, May 20, 2015 12:37 PM AEST
    Takata air bag recall doubles to nearly 34 million

    Under pressure from U.S. safety regulators, Takata Corp. has agreed to declare 33.8 million air bags defective, a move that will double the number of cars and trucks included in what is now the largest ...

  • US investigation of 2007 peanut butter recall wraps up Associated Press - Wed, May 20, 2015 12:16 PM AEST
    US investigation of 2007 peanut butter recall wraps up

    ConAgra Foods is likely to face a criminal charge now that the U.S. government has completed its investigation of the company's 2007 peanut butter recall. A spokeswoman for the U.S. attorney's office in ...

  • Illinois Supreme Court hears $10B Phillip Morris appeal Associated Press - Wed, May 20, 2015 6:49 AM AEST
    Illinois Supreme Court hears $10B Phillip Morris appeal

    The fate of a $10.1 billion class-action judgment against the nation's largest cigarette maker is in the hands of justices at the Illinois Supreme Court, who heard oral arguments Tuesday in Phillip Morris ...

  • Wal-Mart and Red-Robin are big market movers Associated Press - Wed, May 20, 2015 6:40 AM AEST

    Stocks that moved substantially or traded heavily Tuesday on the New York Stock Exchange and the Nasdaq Stock Market: NYSE Wal-Mart Stores Inc., down $3.49 to $76.43 The world's largest retailer reported ...

  • Fried chicken chain KFC resurrects Colonel Sanders for ads Associated Press - Wed, May 20, 2015 5:01 AM AEST
    Fried chicken chain KFC resurrects Colonel Sanders for ads

    KFC is bringing back Colonel Sanders as the fried chicken chain seeks to refresh its image by harkening back to its past. Sanders, who founded KFC, will be played by "Saturday Night Live" alumnus ...

  • Takata air bag recall becomes biggest ever in US CNBC - Wed, May 20, 2015 5:01 AM AEST
    Takata air bag recall becomes biggest ever in US

    The U.S. NHTSA confirmed Tuesday earlier reports that air bag manufacturer Takata plans to declare 33.8 million vehicles defective.

  • AP Source: Takata air bag recalls to double in US Associated Press - Wed, May 20, 2015 3:54 AM AEST
    AP Source: Takata air bag recalls to double in US

    A person briefed on the matter says air bag maker Takata Corp. has agreed to declare 33.8 million of its inflator mechanisms defective, nearly doubling the number recalled in the U.S. so far. The announcement ...

  • Kaldi's Coffee of Missouri recalling 700K paper cup sleeves Associated Press - Wed, May 20, 2015 2:32 AM AEST

    Safety regulators say Missouri-based Kaldi's Coffee is recalling 700,000 disposable coffee cup sleeves because they pose a fire hazard. The U.S. Consumer Product Safety Commission says it has received ...

  • FDA proposes to know more about antibiotic use in animals Associated Press - Wed, May 20, 2015 1:30 AM AEST

    The Food and Drug Administration is moving to collect more information on antibiotics used in animals that become meat. It's an effort to stem antibiotic-resistant diseases. The agency proposed a rule ...

  • Dick's meets 1Q profit forecasts Associated Press - Tue, May 19, 2015 9:39 PM AEST

    On a per-share basis, the Coraopolis, Pennsylvania-based company said it had net income of 53 cents. The results matched Wall Street expectations. The average estimate of 14 analysts surveyed by Zacks ...