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Business Beat for Wednesday, December 10, 2014

McDonald’s to trim menu, examine ingredients

McDonald’s is planning to simplify its menu and maybe even the number of ingredients it uses in its food as it fights to hold onto customers.

Air fares seen dipping thanks to oil slump

Flying could get cheaper next year as airlines say they will finally start passing on some of the savings made on plummeting oil prices.

ALSO: Airlines’ on-time ratings dip in October

2 Chicago-based companies among Glassdoor’s Top 50

Edelman and Orbitz Worldwide are among the best places to work in job site Glassdoor’s newest ranking based on employee feedback.

Walgreen CEO Greg Wasson to retire

Greg Wasson will retire as president and chief executive of Walgreen Co. later this month.

2 Chicago-area companies cleared to fly commercial drones

Clayco and Woolpert Inc. were granted permission Wednesday to use fly commercial drones.

Stocks slump as oil price drop sinks energy sector

Stocks are closing sharply slower as another plunge in the price of oil dragged down the energy sector.

Sale of Oregon craft brewery provokes backlash

Some fans threatened to boycott 10 Barrel Brewing after announcing it was being bought by the world’s largest brewer, Anheuser-Busch InBev.

Oil takes another dive on OPEC report, US supplies

The price of oil took another dive Wednesday, plunging to five-year lows amid mounting evidence that global supplies are far outstripping demand.

Apple and IBM to help cable guy arrive quicker

Another jointly developed app would let flight attendants help passengers change their connecting reservations in mid-air.

Gene & Georgetti opening restaurant in Rosemont

The iconic River North steakhouse plans to open in Rosemont in early 2015 in the space now occupied by Rosewood Restaurant. [Crain’s]

Airbus shares sink on A350 delivery delay

Qatar Airways said Wednesday it would postpone delivery of the first Airbus A350 jet “until further notice.”

U.S. spending bill adds $1.46B for military to buy 15 Boeing jets

Boeing lobbied hard for funding to extend its St. Louis production line for EA-18G Growlers. [Reuters]

Mazda expands US air bag recall to nationwide

Mazda is expanding its U.S. recall for Takata air bags that may explode to the entire country, following Japanese rival Honda in the decision.

BP restructuring to cost $1 billion in next year

Oil giant BP has warned that plans to streamline its business will cost it $1 billion over the next year.