Here's your Business Minute on this Monday morning.
Starting early next year, McDonald's will offer customers the option of a salad, fruit or vegetables instead of fries in their value meals. The move comes as McDonald's partners with the Clinton's Alliance for a Healthier Generation, and the American Heart Association. The fast food giant says that the changes will be in all 20 of its major markets around the world by 2020.
McDonald's also vowed to promote only water, milk and juice as the beverages in its popular happy meals for children.
It's another black day for Blackberry.
The company officially announced dismal quarterly results, which included a $965-million quarterly loss. Blackberry also announced that it will lay off 4,500 employees by the end of the year. Sales for the struggling smartphone maker's second fiscal quarter came in at just one-and-a-half billion. That's a 45-percent drop from what Blackberry reported one year ago.
Fairfax Financial, a Canadian insurance company, has said it is considering buying Blackberry for $4.7 billion.
There's no doubt that the D.C. budget battle, coupled with the now probable shutdown, will take its toll on Wall Street this week. We got a glimpse of it Friday when stocks fell for the sixth day out of seven.
The Dow fell 70.06 points to close the week at 15,258.24, the Nasdaq Composite dipped 5.83 points to 3,781.59, and the S&P 500 lost 6.92 points going into the weekend, closing at 1,691.75. The rest of the year looks dim for Wall Street as well. Congress must raise the country's debt ceiling by October 17 or risk, once again, a downgrade in our credit rating and defaulting on our loans.