- MCDBusiness Insider•5 hours ago
McDonald's turnaround is facing a major roadblock. The email was summarizing a September meeting between McDonald's executives and franchise leaders. McDonald's did not immediately respond to Business Insider's request for comment on the documents.
- WFCAssociated Press•21 hours ago
Newly appointed Wells Fargo CEO Tim Sloan told employees Tuesday that he is "sorry for the pain" that the bank's employees have suffered as a result of the company's sales practices scandal. In the speech, Sloan acknowledged that the bank did not respond to the problems in its branches soon enough and that upper management dodged responsibility for the bad behavior and wrongly placed blame on branch employees. Wells Fargo is enveloped in the biggest scandal in its 164-year history, which earlier this month forced the abrupt retirement this month of its CEO, John Stumpf .
- financeNicole Sinclair•13 days ago
Many Wall Street analysts point to the expensive market—especially amid uncertain times—as a key reason for downside ahead.