Hyatt Hotels Corp. reported a better-than-expected quarterly profit as the recovering economy boosted demand at its international and mid-market properties. The hotel owner and operator on Thursday reported fourth-quarter earnings of $6 million, or 3 cents per share, compared with a year-earlier loss of $12 million, or 7 cents per share. Get the full story »
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Senate probes McDonald’s mini-med health plans
Bloomberg News | Senator Jay Rockefeller opened a probe into the limited benefit “mini-med” plans that McDonald’s Corp., the world’s largest restaurant chain, offers to employees.
Rockefeller, a West Virginia Democrat, asked Scott Beacham, chief executive officer of BCS Financial Corp., whether the company’s health offerings amount to a good deal for many of McDonald’s low-wage and hourly employees. Closely held BCS Financial, based in Oakbrook Terrace, offers limited- benefit plans that cover 30,000 employees of McDonald’s, based about a mile away in Oak Brook Get the full story »
