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McDonalds sees first sales decline in decade
McDonald’s Corp. says a key sales figure fell in October, marking the first monthly drop in nearly a decade for the world’s biggest hamburger chain. The company, based in Oak Brook, Ill., says global...
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Utah coal company lays off workers, blames Obama
A Utah coal company owned by a vocal critic of President Barack Obama has laid off 102 miners. The layoffs at the West Ridge Mine are effective immediately, according to UtahAmerican Energy Inc., a...
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Pray and layoffs today by CEO of Murray Energy
For the chairman and chief executive of Murray Energy, an Ohio-based coal company, the reelection of President Obama was no cause for celebration. It was a time for prayer – and layoffs. Robert E....
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Papa John’s CEO: Obamacare likely to raise costs, employee’s hours being cut
A day after Barack Obama earned a second term in the White House, Papa John’s founder and CEO John Schnatter said the president’s signature health-care reform law would increase his business costs and...
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Gloom… thousands of banks may disappear
Do we need to worry about Too Small to Survive? Now that President Obama has been re-elected, analysts, consultants and dealmakers have turned from whether Dodd-Frank will be repealed to what it means...
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Just Democrat election rhetoric, no jail time for bankers
The Wall Street Journal on Monday reported that the Securities and Exchange Commission “doesn’t intend to charge any individuals in its planned enforcement action against J.P. Morgan Chase & Co....
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Stryker Corporation closes facility as ObamaCare hits
Stryker Corporation has announced that it will close its facility in Orchard Park, New York, eliminating 96 jobs next month. It will also counter the medical device tax in Obamacare by eliminating 5%...
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Union greed puts Twinkie’s survival in jeopardy
Three days of labor strikes have prompted Hostess Brands Inc. to close three plants and mull a possible liquidation of the beleaguered baking company. Hostess, which has been dueling with various...
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Restaurant owner to add surcharge to menu to cover cost of Obamacare
John Metz, a restaurant owner and executive in West Palm Beach, Fla., says he plans to charge his customers a five-percent surcharge and decrease his employees’ hours to offset the costs of Obamacare...
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Mayor Nagin Charged with Bribery. Romney told truth, Chrysler to build Jeeps...
In the news… 1. Former New Orleans Mayor Ray Nagin — who gained national attention when Hurricane Katrina struck during his time in office — was indicted Friday on bribery charges. Prosecutors allege...
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