It's been a colorful week in the world of business, from Facebook's accidental hijacking spree to the timely rescue of Dell, to pink slips being passed out at DreamWorks. Here's a rundown of this week's biggest winners and losers.
In what was dubbed the battle of the 1980s, The Karate Kid beat The A-Team. Sony's (SNE) remake of the 1984 film, opened as the top-grossing movie in U.S. and Canadian theaters this weekend with ticket sales of $56 million. New Corp's (NWSA) Fox Film studio The A-Team, which is based on a 1980s television series, came in a distant second, grossing $26 million.
McDonald's had offered to pay $3 refunds to customers who purchased drinking glasses decorated with characters from the most recent Shrek film, Shrek Forever After. The fast food giant recalled 12 million Shrek glasses last week due to the presence of cadmium in the glasses.
The massive recall is an unusual reminder of the downsides to America's love affair with McDonald's. And the last thing it wants now is more scrutiny of how it and other restaurants market fast food to kids.
The fast food giant pulls the "Shrek"-themed drinking glasses after cadmium was discovered in the painted design. The toxic metal is a known carcinogen that can cause bone softening and severe kidney problems.
