Virus survivors could suffer severe health effects for years
More than 1 million people around the world have been deemed recovered from the coronavirus, but beating the initial sickness may be just the first of many battles for those...
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Chocolate-covered fries help McDonald’s Japan CEO overcome scandals
McDonald's Japan took a series of hits starting in 2014 that threatened to crack its Golden Arches: a supplier was selling expired chicken, a human tooth was found in french...
State Farm profit plunges on $7 billion auto underwriting loss
State Farm Mutual Automobile Insurance Co., the largest U.S. property-casualty insurer, said annual profit fell 94 percent on car insurance claims costs. Net income dropped to $400 million from $6.2...
Kraft Heinz eliminated another 1,000 jobs in 2016
Kraft Heinz Co. eliminated another 1,000 jobs last year, helping to boost returns for investors including billionaire Warren Buffett. The maker of Velveeta cheese had 41,000 employees as of Dec....
Allstate reveals 5 years of losses at company it recently bought for $1.4B
Allstate Corp. said that the mobile-device insurer that it acquired for $1.4 billion had posted five years of losses before the deal. SquareTrade Holding Co.'s annual loss narrowed to $26.5...
Americans’ spending seen solid through latest overseas turmoil
The famed American consumer stands between Brexit and a pronounced slowdown in U.S. economic growth. Thank goodness. Households have plenty of wind at their backs to sail through the shock...