All-Day Breakfast Fuels McDonald’s

McDonald’s Corp., waging a comeback effort under Chief Executive Officer Steve Easterbrook, posted its best quarterly growth in almost four years after a move to serve breakfast all day helped fuel U.S. sales. Global same-store sales surged 5 percent in the fourth quarter, the Oak Brook, Ill.-based company said in a statement on Monday. Analysts had estimated 3.2 percent. Profit also topped predictions, raising optimism that...

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Starbucks Reports Holiday Growth

Retailer after retailer has announced in recent weeks that they saw tepid or downright disappointing sales during the crucial holiday season. And then came Starbucks, dropping a blockbuster earnings report on Thursday that stands out as a clear bright spot in retail. The coffee giant reported that revenue soared 12 percent to a record $5.4 billion. Sales at its U.S. restaurants open more than a year were up 9 percent, and nearly half...

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Fears Rise That Plunging Stocks Could Pose Risk to Economy if volatility continues

Major U.S. stock indexes plummeted Friday after a worldwide sell-off overnight triggered by another slide in oil prices, raising concerns about possible spillover effects on the nation’s still-recovering economy. The Dow Jones industrial average closed down 391 points, or about 2.4 percent, to 15,988.08, a level it had not been at since August. The Dow was down more than 500 points before recovering somewhat. The Standard &...

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China’s Slowdown Casts a Shadow

China’s economic slowdown and financial mayhem are fostering a cycle of decline and panic across much of the world, as countries on nearly every continent see escalating risks of prolonged slumps, political disruption and financial losses. South Africa’s currency, the rand, plunged on Monday after stocks once again sold off in China, which is the country’s largest trading partner. South Africa’s economy — like that of many countries...

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U.S. Markets Plunge After China Sell-Off
Jan05

U.S. Markets Plunge After China Sell-Off

Washington — Stocks on U.S. exchanges plunged Monday in the wake of an overnight sell-off in China that was triggered by fears of a weakening global economy and heightened Middle East tensions. The Dow Jones industrial average fell more than 450 points before recovering somewhat to close down 276.09 points, or about 1.6 percent, at 17,148.94. The Standard & Poor’s 500 index closed down 1.5 percent while the technology heavy...

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