DETROIT (Reuters) - General Motors Co's first-quarter profit tumbled 88 percent on Thursday due to the massive recall for defective ignition switches, and shares fell 1.3 percent after the company said expectations for the rest of the year must be trimmed.
At McDonald's Corp.'s 2011 annual shareholders meeting, the representative of an organization critical of the company's marketing called for the retirement of longtime mascot Ronald McDonald.
Zimmer Holdings Inc. (ZMH:US), a maker of artificial hips and knees, agreed to acquire rival Biomet Inc. for $13.4 billion to become the second-largest company in the rebounding market for treating muscle and orthopedic injuries.
Jobless claims nationally increased by 24,000 to 329,000 in the week ending April 19, the most in a month, the article said, citing a Labor Department report released today.
Rana Plaza in February 2014, 9 months after the factory collapse. Rubble and fabric still litter the area. Photo: NYU Center for Business and Human Rights.