Japanese automotive firm Subaru is reluctant to invest in manufacturing electric vehicles in the United States due to the high wage inflation, CEO Tomomi Nakamura said on Wednesday. “In Indiana, part-time workers at McDonald’s earn $20 to $25 per hour, which is in competition with what temporary workers make at our plant,” Nakamura said while…
Subaru Says Reluctant to Further Invest in US Because of Pay Competition from McDonald’s
McDonald’s Starts Reopening Restaurants in Ukraine
McDonald’s announced that some of its restaurants will reopen in Kyiv this week, according to a company spokeswoman on Sept. 19, after closing down its operations in Ukraine and in Russia at the start of the war. All 109 McDonald’s restaurants in Ukraine and the 840 in Russia were closed after the Russian invasion in…
McDonald’s CEO Says Chicago ‘In Crisis,’ Urges City Leaders to Address Surge in Crime
September 15, 2022
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McDonald’s CEO Chris Kempczinski has called on government and business leaders in Chicago to do more to address safety concerns in the city amid a wave of crime and violence. Kempczinski made the comments during a speech at the Economic Club of Chicago luncheon on Wednesday but stated that the company will not be deterred…
Domino’s Pizza Exits Italy Following Seven-Year Failure
Domino’s Pizza has shuttered the last of its locations in Italy, officially ending a seven-year failed attempt to bring American fast-food pizza to the Mediterranean country from which the dish derives. On Tuesday, Italians began to notice that the 13 remaining Domino’s franchises in their country were not responding to calls, just months after an…
Top Boss: Former McDonald’s Crew Member Pays His Staff During Three Month Closure for Renovations
The thought of closing his McDonald’s restaurant for needed renovations worried owner Tony Philiou. There was, of course, the loss of three months of revenue to consider. More troubling, though, was the absence of income for his 85 employees. Then one night, Philiou woke at 2:30 a.m. with a sudden realization. “I’ve got to pay…
Video of 4-Year-Old Child Who Shot at Utah Police Outside McDonald’s Released
Authorities in Utah have released body-camera footage from a shooting incident that happened in mid-February in which a toddler shot at police officers at a McDonald’s drive-thru in Midvale. On Feb. 21, police were called to the fast-food restaurant in Salt Lake County after the 4-year-old’s father allegedly threatened restaurant employees and “brandished” a gun after…
The Real Founder of McDonald’s | Documentary
This film is only available in the United States. There is no question that the McDonald’s fast-food restaurant chain is the largest in the world, and Richard “Dick” McDonald, along with his brother Maurice, started it all. Enjoy a rare interview with Dick as well as a treasure trove of information, photos, and footage depicting…
Shanghai Sold No Cars in April; Former Goldman CEO: Prepare for Recession | NTD Business
Car sales in Shanghai last month fell 100 percent. Zero cars were sold. China’s economic woes are fueling concerns of a global recession. Where do you put your money, during this time of financial chaos, when there doesn’t seem to be any safe haven? We ask experts for their advice. McDonald’s exiting Russia after three…
Supreme Court to Overturn Roe v. Wade: Leaked Opinion; Russia Restarts Attacks on Azovstal Factory | NTD News Today
Russian forces are firing rockets at the Azovstal steel plant again. Moscow says it’s because Ukrainian soldiers took advantage of a ceasefire there to move into firing positions. Officials say about 200 civilians are still trapped in the factory, despite evacuations over the weekend. The closure of all 850 McDonald’s restaurants in Russia has cost…
Closure of Restaurants in Russia Cost McDonald’s $127 Million in First Quarter
The closure of all 850 McDonald’s restaurants in Russia has cost the fast-food chain $127 million in the first quarter of 2022. The fast-food company announced during its first-quarter earnings report on April 28 that its suspension of operations in Russia cost it $27 million in leases, supplier costs, and employee wages, and another $100 million in…
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