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Protesters arrested in pay fight China signs $400B, 30-year deal for Russian natural gas
Actions came ahead of company’s annual shareholders meeting today OAK BROOK (AP) – Protesters were arrested after crossing a barricade outside McDonald’s headquarters on Wednesday, as hundreds demonstrated to call attention to the low pay earned by fast-food workers. The actions come ahead of the company’s annual shareholders meeting today, where it is also expected to be confronted on issues including its executive pay packages and marketing to children. Early Wednesday, organizers changed the location of their demonstration after learning McDonald’s closed the building where they had planned their actions and told employees there to work from home. The corporate headquarters in Oak Brook, Illinois, has several buildings on a sprawling campus. Down the street from Hamburger University, dozens of police officers in riot gear warned protesters to disperse. People dressed in McDonald’s uniforms essentially volunteered to be arrested by peacefully crossing a barricade or remaining on the property after being asked to leave. Organizers said
SHANGHAI (AP) – China signed a landmark $400 billion deal Wednesday to buy natural gas from Russia, binding Moscow more closely to Beijing at a time when President Vladimir Putin’s relations with the West have deteriorated to the lowest point ever. China’s president also called for an Asian security arrangement that would include Russia and Iran and exclude the United States. The 30-year gas deal, worked out during a 2-day visit by Putin to China, gives Moscow an economic boost at a time when Washington and the European Union have imposed sanctions against Russia and Europe has threatened to cut its gas imports to punish the Kremlin over the crisis in Ukraine. The agreement enables Russia to expand the market for its gas, which now goes mostly to Europe. It “opened the door for Russia to enter into Asia’s gas market,� said KeunWook Paik, senior research fellow at the Oxford Institute for Energy Studies. Politically, the deal provides “breathing space for Russia,� Paik said. “Russia, and Putin, can demonstrate
AP
Oak Brook Police Commander Jeff Weber gives protesters a warning of arrest if they walk on the McDonald’s property. Hundreds of protesters flooded the streets Wednesday near the McDonald’s Corp. headquarters in Oak Brook, railing about low wages and seeking $15 per hour for the rank and file. about 100 McDonald’s workers who traveled from around the country were arrested, along with community leaders and supporters. Among them was Mary Kay Henry, president of the Service Employees International Union, who said in a statement released after her arrest that she wanted McDonald’s workers to know
her union members stood with them. The SEIU has been providing financial and organizational support to the fast-food protests, which began in late 2012 in New York City and have been spreading to other cities and countries. While turnout for the protests has varied, they’ve nevertheless
struck a chord at a time when the gap between the country’s rich and poor has widened. Executive pay packages are coming under greater scrutiny, too, and shareholders last week rebuked Chipotle Mexican Grill’s compensation of $25.1 million and $24.4 million for its coCEOs in a non-binding, advisory vote.
it’s not completely isolated because of the Ukraine crisis. Russia has demonstrated that they have a very reliable strategic partnership with China.� For China, the world’s second-largest economy, the deal will help ease gas shortages and curb its reliance on coal. U.S. Secretary of State John Kerry noted that Russia and China have been trying to work out an energy agreement for 10 years and said the deal “isn’t a sudden response to what’s been going on� in Ukraine. “And if the world benefits as a result of that, that’s fine,� he said. Similarly, State Department spokeswoman Jen Psaki said of the prospect of closer Russia-China relations: “It is not a surprise to us that countries that are neighbors communicating about how to work together, whether that’s through an economic partnership or otherwise.� The agreement calls for Russian government-controlled Gazprom to supply state-owned China National Petroleum Corp. with 38 billion cubic meters of gas annually, Gazprom spokesman Sergey Kupriyanov told The Associated Press.
MONEY & MARKETS The following stock quotations, as of 5 p.m., are provided as a community service by Chad Weigle of Edward Jones, Dixon and Raymond James and Associates, Sterling. Abbott...................................39.56 Alcoa.....................................13.13 AltriaCorp.............................40.64 Autonation...........................56.00 American Express................87.86 Arris-Group..........................29.66 Apple..................................606.31 ADM.....................................43.86 AT&T.....................................35.27 Bank of America...................14.61 Boeing.................................130.95 BorgWarner..........................60.48 BP..........................................51.48 Casey’s..................................66.43 Caterpillar...........................102.87 CenturyLink.........................37.18 Chevron..............................124.13 Cisco.....................................24.48 Citigroup...............................46.84 CNW.....................................44.89 CocaCola..............................40.88
ConAgra................................31.43 Dean.....................................16.15 Deere & Co...........................89.99 Disney...................................82.18 Donaldson............................39.95 DuPont..................................67.22 Exxon..................................102.03 Ford......................................15.91 Exelon...................................33.90 GE.........................................26.48 FifthThird.............................20.37 HawaiianElectric.................23.66 Hewlett Packard...................32.52 HomeDepot.........................78.06 Intel Corp.............................26.20 IBM.....................................186.40 IntlPaper...............................46.40 JCPenney................................8.59 JohnsonControls..................47.62 Johnson&Johnson.............101.12 JPMorgan Chase..................54.13 Kraft......................................57.71 Kroger...................................46.98 Leggett&Platt........................33.04 Manpower............................79.99 McDonald’s........................102.56 Merck&Co.............................56.57
Microsoft..............................40.35 3M.......................................140.68 Monsanto...........................116.79 Newell...................................29.19 AGL.......................................52.19 Nike......................................74.21 Parker-Han.........................122.46 Pfizer.....................................29.57 Pepsico..................................86.07 Procter&Gamble..................80.48 RaymondJames....................48.40 Republic................................34.79 Sears Hldg............................36.56 SensientTech........................53.86 Sprint......................................9.10 Staples...................................11.77 TheTravelers........................92.86 UnitedContinental..............41.31 UnitedTech........................114.83 USBancorp...........................41.21 USSteel..................................23.86 Verizon..................................49.16 Walgreen...............................68.85 WalMartStores.....................75.66 WalMartMexico...................25.54 WasteMgt..............................43.65 Wendy’s..................................8.26
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Commodities The following quotations are provided as a community service by Sterling Futures: Corn: July 4.741â „2; Sept. 4.721â „2; Dec. 4.713â „4 Soybeans: July 15.05 14; Aug. 14.303â „4; Nov. 12.531â „2 Soybean oil: July 40.47; Dec. 40.55
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