Business

China scandal saps McDonald's sales

NEW YORK (AP) — McDonald's says a global sales figure fell 2.5 percent in July, dragged down by persistent weakness in the United States and a food safety scandal in China.

The world's biggest hamburger chain said Friday that the decline included a 3.2 percent drop in the United States and a 7.3 percent drop in the unit encompassing Asia, the Middle East and Africa.


Farnsworth Group engineers purchase of Foth's Champaign office

CHAMPAIGN — Farnsworth Group, an engineering and architecture firm based in Bloomington, has acquired the Champaign office of Foth Infrastructure & Environment, the company announced Friday.


63 ignition-switch death claims filed

DETROIT (AP) — Sixty-three death claims have been filed so far with the lawyer handling payments for those involved in wrecks caused by faulty General Motors ignition switches.

A spokeswoman for compensation expert Kenneth Feinberg says he received 125 claims by Friday afternoon. Sixty-two others seek payments for injuries. Feinberg started taking claims Aug. 1.


Real-estate agents unfazed by July dip in home sales

CHAMPAIGN — For the first time in eight months, the number of home sales in the Champaign County area has failed to exceed that of the same month a year ago.

But despite the outcome in July, the president of the Champaign County Association of Realtors said he believes the real-estate market will remain strong.


Paxton Family Dollar store still closing by Aug. 30

PAXTON — Dollar Tree Inc.'s recently announced agreement to buy Family Dollar Stores Inc. will have no effect on the impending closure of the Family Dollar store in Paxton.

"The Paxton store, located at 100 W. Ottawa St., will be closing. This store will be closed by Aug. 30," Family Dollar spokesman Bryn R. Winburn said in an email Friday.


Wholesale inventories rise 0.3% in June

WASHINGTON (AP) — U.S. wholesalers restocked their warehouses at a modest pace in June for a second straight month, a sign they may anticipate slower growth ahead.

The Commerce Department said Friday that wholesale inventories rose 0.3 percent, the same as the previous month. May’s inventory gain was revised down from 0.5 percent.


Hyundai fined $17 million over brake flaw

WASHINGTON (AP) — Hyundai has agreed to pay a $17.35 million fine for delayed reporting of a brake defect affecting Genesis luxury cars, the National Highway Traffic Safety Administration said Thursday.


Housing bust, oil boom alter U.S. spending

WASHINGTON (AP) — North Dakotans, enriched by an oil boom, stepped up their spending at triple the national pace in the three years that followed the Great Recession. In Nevada, smacked hard by the housing bust, consumers barely increased their spending.

Americans spend the most, per person, on housing in Washington, D.C., and the least in West Virginia.


U.S. jobless claims fall to 289,000

WASHINGTON (AP) — Fewer people sought U.S. unemployment benefits last week, as jobless claims remain at relatively low levels that point toward stronger economic growth.

Weekly applications for unemployment aid fell 14,000 to a seasonally adjusted 289,000, the Labor Department said Thursday. The prior week's was revised up slightly to 303,000.


Other firms not likely to follow Walgreen's lead

Growing political heat and possible customer backlash helped dissuade Walgreen from trying to trim its tax bill by reorganizing overseas as part of an acquisition.

But experts say they don't expect other companies considering the move to follow Walgreen's lead and stay rooted in the United States.


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