Business News / Business

Magnacca steps down as RadioShack's CEO

FORT WORTH, Texas -- Joe Magnacca, who led a last-ditch turnaround effort at struggling RadioShack Corp. over the past two years that ended in bankruptcy, is stepping down as the company's chief executive officer.

The announcement was made ...

McDonald's raising its minimum wage

CHICAGO -- McDonald's plans to raise starting wages by $1 above the local minimum at its company-owned U.S. restaurants and adjust pay for existing employees, just some of the changes the company is announcing after more than two years of union-...