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McDonald’s Corp. (NYSE:MCD) is one of four companies that has been accused by a body of organizations of violating federal statutes by obtaining personal information concerning children under 13 without parents’ consent, says The New York Times. Complaints with the Federal Trade Commission will be filed against Viacom Inc. (NYSE:VIA), General Mills, Inc. (NYSE:GIS), and Time Warner Inc. (NYSE:TWX), along with McDonald’s.
JPMorgan Chase & Co. (NYSE:JPM): The Republican Party’s 2012 platform fails to endorse the mortgage interest tax deduction, according to a Bloomberg report.
Kraft Foods Inc. (NYSE:KFT) is forming a joint venture partnership with Back To Nature brand food business, in which the former will hold a majority interest and also have board representation. At the same time, Brynwood Partners reported that it has reached a definitive agreement to purchase a controlling interest in Back To Nature. Financials and conditions of the deal, which should close in October, will not be divulged.
The Coca-Cola Company (NYSE:KO) is among a group that opposes Proposition 37 in California, which upon approval, would mandate labels on genetically modified food. The coalition has so far has collected $25 million from such corporate sponsors as PepsiCo Inc. (NYSE:PEP), Monsanto Company (NYSE:MON), and E.I. DuPont de Nemours and Company (NYSE:DD), according to The Los Angeles Times.
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