Business Innovators

McDonald’s franchisee group says new California fast-food bill will cause ‘devastating financial blow’

McDonald's franchisee group says new California fast-food bill will cause 'devastating financial blow' The California fast-food bill will raise the minimum wage for many California workers at fast-food chains to $20 an hour starting April 1.

GM offers 10% wage increases, $5,500 ratification bonuses to UAW as strike looms

GM offers 10% wage increases, $5,500 ratification bonuses to UAW as strike looms GM's latest offer still falls short of the union's demands. The UAW could strike against all three Detroit automakers next week.

FTC allows Amgen to move forward with $27.8 billion Horizon Therapeutics acquisition

FTC allows Amgen to move forward with $27.8 billion Horizon Therapeutics acquisition The FTC had filed a lawsuit in May seeking to block the acquisition, arguing that the deal would "stifle competition" in the pharmaceutical industry.

Electric Cadillac Escalade to test GM’s EV strategy, cash machine

Electric Cadillac Escalade to test GM's EV strategy, cash machine GM has called the Escalade IQ, which is expected to share little to nothing with the traditional models, the "reinvention of an icon."

Ford pushes back EV target, warns of wider losses due to slower-than-expected adoption

Ford pushes back EV target, warns of wider losses due to slower-than-expected adoption Ford said it now expects its EV business unit, Ford Model e, to post an operating loss of about $4.5 billion this year

Procter & Gamble sales rise slightly, fueled by higher prices

Procter & Gamble sales rise slightly, fueled by higher prices The Tide detergent maker also issued guidance for the new fiscal year that came in under Wall Street's expectations.