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Consumer Corner: Foreclosure settlement no magic bullet for economy
OAK BROOK, Ill., Nov. 14 (UPI) -- Peter J. Bensen has been promoted from corporate controller to chief financial officer of McDonald's Corp., the U.S. fast-food giant announced Tuesday.
Bensen, 45, who will take over his new duties effective Jan. 1, will succeed Matthew Paull, who intends to retire, the Dow Jones News Service reported.
Bensen will succeed Matthew Paull, who has been credited for helping to revitalize the world's largest restaurant chain and had announced his intention to retire.
McDonald's Chief Executive Officer Jim Skinner said Bensen, who has been with the Illinois company for 11 years after starting his career with Ernst and Young, was given "a well-deserved promotion" following an extensive internal and external selection process.
"I am certain we have selected an outstanding executive to succeed Matt and lead our financial functions in the years ahead," Skinner said.
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SYDNEY, Feb. 13 (UPI) --
Researchers in Australia are developing a solar roof system that uses wasted energy to warm air and water.
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WASGHINGTON, D.C., Feb. 13 (UPI) --
Defense industries are weighing the potential impact of proposed defense cuts running into tens of billions of dollars over the next 10 years.
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Local markets will probably not be swamped by waves of foreclosures following the multi-state mortgage settlement announced yesterday. Rather, the huge inventory of one to two million foreclosures will enter markets gradually....
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Investors will not have the distraction of financial reports to look forward to this week. They will have to look at the spot news headlines instead.
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