McDonalds to shift to cage free eggs nationwide over ten years
McDonald's announced a decade long plan to source all U.S. and Canada eggs from cage free hens. The statement, from McDonald's USA President Mike Andres, frames the move as a boost to food quality. Coverage notes investors followed other corporate updates.
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United CEO Smisek departs amid probe and airline shake-up
United Airlines chief executive Jeff Smisek resigns amid a federal investigation into political influence in New Jersey, while IT failures and poor on time performance since the 2011 merger with Continental have hurt customer confidence. Incoming CEO Oscar Munoz vows to prioritize flyer-friendly service as analysts urge focus on reliability.
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Apple updates mix new iPhone aids with iPad Pro
Apple showcases force touch iPhones an upgraded iPad Pro and Apple TV with Siri voice control at a two hour event in San Francisco. The company pitches enterprise and home entertainment gains while noting iPhone lines will be deeply monetized. No major content partnerships announced.
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Justice targets Wall Street fraud with new policy
Deputy Attorney General Sally Yates announced a revised policy making prosecutions of Wall Street executives a top priority. The guidance requires companies seeking cooperation credit to identify all individuals involved, removing protection for either senior or junior staff and promising accountability to deter future corporate wrongdoing.
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