McDonald's

(Newser) - Despite strong global sales, McDonald’s reported a second-quarter loss today, which it attributed to its sale of Latin American franchises. The company lost $711.7 million, or 60 cents a share, but said its new offerings and value menu drew consumers, CNNMoney reports. Excluding the Latin American charge, earnings...

(Newser) - Wendy's is looking for buyers as the hamburger chain's earnings and market share plummet. Aggressive competition from McDonald's and Burger King as well as soaring beef and dairy prices have taken a  big bite out of Wendy's bottom line, the Wall Street Journal reports.

(Newser) - The cent-a-pound increase McDonald's agreed to grant their tomato-picking field hands yesterday may sound like, well, pennies, but it represents a more than 70% raise, the Chicago Tribune reports. And the deal was hailed as paving the way for negotiations between migrant workers and other corporate Goliaths across the country.