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Pentagon accuses Alibaba, Baidu and BYD, three of China's biggest companies, of supporting the Chinese military

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Analysts expected oil to surge above $200 but China has quietly kept prices half of that—and can’t for much longer

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Costco CEO Ron Vachris rose from forklift driver to the C-suite without a college degree: ‘Don’t chase a title’ is the career advice that got him there
FeaturesFive Things

Angry Birds and closed McDonald’s — five things to know today

By
Ben Geier
Ben Geier
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By
Ben Geier
Ben Geier
Down Arrow Button Icon
August 29, 2014, 8:06 AM ET
McDonald's Corp. Restaurants As Consumer Safety Agency Shuts Four Branches
Pedestrians sit at outdoor tables beneath McDonald's branded parasols at a closed McDonald's Corp. restaurant, the first to open in the Soviet Union, on Pushkin Square in Moscow, Russia, on Thursday, Aug. 21, 2014. McDonald's Russian business shut four Moscow restaurants yesterday at the order of a consumer-safety regulator, which said it found multiple violations of sanitary rules. Photographer: Andrey Rudakov/Bloomberg via Getty ImagesPhotograph by Andrey Rudakov — Bloomberg/Getty Images

Hello, friends and Fortune readers.

A few quick things to know today before heading into the long weekend.

1. More McDonald’s are shutting down in Russia

We’ve already heard about how McDonald’s and other American brands are taking a hit in Russia in the light of sanctions and tension related to Russia’s actions in Ukraine. A total of 8 McDonald’s have now been shuttered, with two in Sochi closing yesterday, less than a year after the fast food company was an official sponsor of the Winter Olympics in that city.

2. What are consumers thinking?

The University of Michigan Consumer Sentiment survey will come out today, letting us know just what shoppers feel about the economy as summer draws to a close.

3. Eurozone inflation dip continues

Inflation in Europe is continuing to trend downward, according to to reports. The New York Times notes that his could increase the pressure on the European Central Bank to take actions to prevent a drastic price drop.

4. Angry Birds? More like angry shareholders.

The CEO of Rovio, the company behind hit mobile game Angry Birds, is stepping down following a disappointing earnings quarter.

5. Fiat/Chrysler merger is in sight

Fiat shareholders officially failed to block this auto merger, meaning plans for the new company can move ahead as planned, reported the Wall Street Journal.

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By Ben Geier
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