With the health law’s insurance mandate for employers set to kick in next year, companies trying to avoid the law’s penalties while holding down costs, using strategies like enrolling employees in Medicaid.
McDonald’s outlined plans for what it called fundamental changes to its business as it reported one of its worst quarterly profit declines in years, driven by problems in nearly every major part of its business.
Coca-Cola Co. continues to flail as soda consumption declines in the U.S., China, Brazil and elsewhere. Third-quarter profit fell 14%, and Coke lowered its long-term revenue target and warned it will miss profit targets.
An activist adviser for union pension funds is pressing Walgreen Co. to postpone seeking shareholder approval of a major takeover until directors investigate allegations raised by former Chief Financial Officer Wade Miquelon in a defamation lawsuit.
GDF Suez’s board appointed CFO Isabelle Kocher as deputy chief executive, as it moves to prepare the company for the departure of longtime leader Gérard Mestrallet, who will encounter age limits in 2016.