Twitter Shares Tumble
San Francisco — The recent negativity shown toward many Internet companies hit Twitter hard Monday, as the social-media leader’s stock price fell to its lowest level ever ahead of its upcoming quarterly earnings report. Shortly after trading began, Twitter shares fell more than 5 percent, to $14.87, hitting their lowest point since the company went public in November 2013. The losses added to Twitter’s stock-price downfall, which has...
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...
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...
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...
Plastics Firm Will Add Royalton Jobs
Royalton — GW Plastics announced Monday a planned $10 million expansion to its Royalton facility, which the company said will add roughly 70 jobs over the next three to five years. Starting later this month, the Bethel-based contract manufacturing business plans to grow its plant on Waterman Road by at least 21,000 square feet, creating space for 30 new industrial machines, according to a Monday news release. The addition will also...
