McDonald’s to Dress Up Some Chinese Restaurants
McDonald's stores in China are mostly company operated, and it plans to overhaul a number of its stores there in an effort to attract more customers as China's economy continues to slow down.
All Work
Paul Ausick
Xbox One Sells 5 Million
Following Thursday's announcement from Sony that it had sold 7 million units of its PlayStation 4 video game console, Microsoft said that it had sold 5 million units of the Xbox One since November.
Obamacare Sign-Ups Top 8 Million
ThinkstockAt a press conference on Thursday afternoon, President Obama announced that the number of Americans using the public exchanges to enroll in a health insurance plan rose to 8 million after the deadline passed…
TurboTax Tops Candy Crush for One Day
For at least one day this year, an app for the iPad generated more revenue for its creator than one of the two most popular games for the mobile device. TurboTax finished number two…
The 4 Stocks That Kept Markets From Sinking
thinkstockApril 17, 2014: Markets opened lower on Thursday as traders reacted to weak earnings results from a couple of the tech giants. But strength in other sectors pulled shares up to trade higher through…
Chipotle Raising Burrito Prices
ThinkstockWhen Chipotle Mexican Grill Inc. (NYSE: CMG) reported first quarter earnings Thursday morning, the company specifically noted higher commodity costs for beef, avocados, and cheese as the drivers for a 1.5% increase in food…
Kodak’s Former CEO Gets Double for Nothing
As a reward for Antonio Perez's outstanding performance as CEO of Eastman Kodak last year, he received $6.71 million. Perez was named CEO in 2005 and led the company into bankruptcy in 2012.
Natural Gas Inventories Support Bullish Sentiments
thinkstockThe U.S. Energy Information Administration (EIA) reported Thursday morning that U.S. natural gas stocks increased by 24 billion cubic feet for the week ending April 11. That compared with an expected increase of between…
Spirit Disputes Worst Airline Rating
ThinkstockA recent study of the U.S. airlines industry reviewed and analyzed customer complaints against the major U.S. carriers for the five-year period from 2009 to 2013. The study concluded that passengers were most likely…
Walmart Starts Wire Transfer Service
In yet another foray into the banking business, Walmart announced Thursday morning the launch of a money transfer service that allows customers to transfer funds to the more than 4,000 Walmart stores.
Yahoo! Brings Founder Back to Board
In a proxy filing Wednesday, Yahoo! nominated founder David Filo to the company's board of directors. Filo left the board in 1996 but has been an advisor since the hiring of CEO Marissa Meyer.
Oil Services Earnings Dominated by American Activity
Schlumberger and Baker Hughes reported mixed first-quarter results before the markets opened Thursday. Their earnings were dominated by activity in North America.
Snack Food Sales Boost Pepsi Earnings
PepsiCo reported better-than-expected first-quarter 2014 results before markets opened Thursday morning, due largely to cost-cutting and higher snack-food sales.
Morgan Stanley Stays Profitable
Morgan Stanley reported better-than-expected first-quarter results before markets opened Thursday. The bank has now posted a profit -- and beat earnings estimates -- in five consecutive quarters.
Amazon Workers Strike in Germany
Workers at two of Amazon's logistics centers began a one-day strike Thursday morning that could see more than 1,000 employees on the picket lines.
SanDisk’s Earnings Rise on the Cloud
ThinkstockSanDisk Corp. (NASDAQ: SNDK) reported first quarter 2014 results after markets closed Wednesday. The flash memory maker reported adjusted diluted earnings per share (EPS) of $1.44 on revenues of $1.51 billion. In the same…
Google Earnings as Confusing as Its Stock Split
Wikimedia Commons (Lee-Sean Huang)Google Inc. (NASDAQ: GOOG) reported first-quarter 2014 results after markets closed Wednesday. The search engine behemoth reported adjusted diluted earnings per share (EPS) of $6.27 on revenues of $15.4 billion including…
The 4 Stocks That Floated the Market
thinkstockApril 16, 2014: Markets opened higher on Wednesday with shares getting a boost in midmorning from the report on crude oil and gasoline stockpiles. The midafternoon release of the Fed’s Beige Book and a…
Fed Beige Book Reflects Improved U.S. Economy
ThinkstockU.S. economic activity increased in most of the 12 Federal Reserve districts since the March report according to the April version of the Beige Book released Wednesday afternoon. Eight Fed districts characterized growth at…
Medical Device Maker’s IPO a Modest Success
ThinkstockSome initial public offerings (IPOs) are considered a huge success if the stock appreciates more than about 20% on its IPO date. To some, though, that’s an unsuccessful launch from the company’s point of…