Alstom-SA looks close to being acquired by General Electric after the French government dropped its objections and threw its support behind the American offer. GE has been fighting to acquire Alstom for months.
Daren Restaurants said Friday that sales continued to slide at Olive Garden and Red Lobster in the latest quarter, dragging down the company's profit. Darden's struggles come as sit-down chains decline in popularity.
Minimum wage bill in Massachusetts would raise the state's per hour wage from $8 to $11. President Obama said Thursday he looks forward to Gov. Deval Patrick, a fellow Democrat, signing the minimum wage bill.
Mary Barra, General Motors' CEO, appeared before a House subcommittee for the second time Wednesday, answering questions on why it took 11 years to recall millions of small cars with defective ignition switches. Mary Barra endured skepticism and some lecturing at the hearing.
GM recall involves: Buick LaCrosse, Lucerne, and Regal; Chevrolet Impala and Monte Carlo; and Cadillac Deville and DTS. Unlike previous GM recalls on the ignition switch, the latest move was caused by the design of the key.
The city of Miami has sued JPMorgan Chase and Co. for predatory mortgage lending in minority neighborhoods. Miami's lawsuit against JPMorgan says the bank had discriminatory mortgage lending practices since at least 2004.
The International Monetary Fund says the US needs to raise its federal minimum wage rate in the IMF's annual review of the US economy. The IMF also lowered its US gross domestic product growth forecast to two percent for the year.
General Motors is recalling more than 500,000 Chevrolet Camaro cars. A driver's knee can bump the key and make the engine stall, GM says, causing the power steering and brakes to be disabled and drivers to lose control.
Beef recall from Missouri-based Fruitland American Meat affects 4,012 pounds of beef distributed to a Whole Foods distribution center in Connecticut. The beef recall also involves products shipped to restaurants in New York and Kansas City, Mo.
Dunkin' Donuts has filed permits to open its first free-standing stores in California, with construction expected to begin later this month. Dunkin' Donuts has about 11,000 restaurants around the world.
Waffle House denied a waitress a $1,000 left for her on Mother's Day because it was left on a credit card. But after Waffle House denied the waitress the $1,000 tip, the customer gave it back in the form of a check.
GoDaddy Inc., the web-hosting company, filed with US regulators to raise up to $100 million in an IPO. GoDaddy joins a number of high-profile tech businesses that have either gone public or filed to go public this year.