McDonald's revenue falls 11 percent

McDonald's Corp (MCD.N), the world's biggest restaurant chain, reported an 11 percent fall in quarterly revenue as it fights to recover from food scandals in China and Japan and faces tough competition at home in the United States.


Coke reports revenue growth for first time in nine quarters

Coca-Cola Co (KO.N) reported a rise in revenue for the first time in nine quarters, helped by a 6 percent rise in North America, its biggest market.

Coca-Cola signage is pictured at a bottling plant near the Andalusian capital of Seville, southern Spain February 6, 2014.

Futures fall with eyes on earnings, dollar

U.S. stock index futures fell on Wednesday with investors wary of the effect of a strong U.S. dollar on earnings and ahead of housing sector data.

Stock Index



Jobs & Career News

Talks with Greece have gained momentum but still long way from target: IMF


Global lenders' negotiations with Greece, which have been moving at a crawl recently, have gained some momentum but remained a long way from the finish line, the International Monetary Fund's European head told a German newspaper.

VW supervisory board seeks to smooth leadership crisis - report


The leaders of Volkswagen's (VOWG_p.DE) supervisory board plan to meet soon to try to iron out an effective working relationship between Chairman Ferdinand Piech and Chief Executive Martin Winterkorn amid a leadership crisis at the automaker, a German newspaper reported on Monday.

GE posts net loss on finance sale; industrial profit rises


General Electric Co (GE.N) said on Friday its quarterly industrial profit rose 9 percent helped by improved profit margins, as the U.S. conglomerate shifts more to manufacturing of jet engines, turbines and other big-ticket products and splits from finance.

Oil slips below $64 as ample supplies weigh

Oil Well

Oil eased below $64 a barrel on Friday as evidence this week of rising crude supplies from OPEC members outweighed signs of a slowdown in U.S. output and Middle East tensions.

Volkswagen CEO Winterkorn to stay in defeat for chairman


Martin Winterkorn will stay on as chief executive of Volkswagen (VOWG_p.DE), the German carmaker said on Friday, in an unprecedented defeat for its powerful chairman, Ferdinand Piech.


Boeing profit jumps 38 percent on higher jet deliveries

Boeing Co's (BA.N) net profit soared 38 percent in the first quarter, helped by rising production of commercial aircraft, the company said on Wednesday.

Peugeot, IBM agree to expanded 'connected car' partnership deal

PSA Peugeot Citroën, Europe's second largest carmaker, and computer services supplier IBM, said on Wednesday they agreed to a partnership deal for connected car services that go beyond current navigation and infotainment offerings.

Asian Stocks

Aberdeen, Blackrock flag risks in frothy Chinese stock markets

Aberdeen Asset Management's head of Asian operations warned on Tuesday that Chinese money was moving "a bit like a casino" in domestic stock markets, while BlackRock called on China to reform its capital markets further to avert boom and bust scenarios.

Oil Rigs

Iran wants OPEC to pave way for its extra oil production when sanctions lifted

Members of the Organization of the Petroleum Exporting Countries (OPEC) should prepare for extra Iranian crude production when Western sanctions on Tehran are lifted, Iran's oil minister was quoted on Tuesday by state news agency IRNA as saying.

Stock Market

Upbeat earnings lift stocks, Greek anxiety hits euro

World stocks climbed back toward all-time highs on Tuesday as upbeat European earnings reports and expectations of a sixth straight rise in German business confidence helped offset worries about a possible Greek default.

European Central Bank

ECB staff have proposal to tighten Greek use of emergency funding: Bloomberg

European Central Bank staff have prepared a proposal to increase the haircut on the security that Greek banks offer in return for emergency liquidity, Bloomberg reported on Tuesday, citing people with knowledge of the discussions.

Comcast Corporation

Boutique banks to suffer most if Comcast-Time Warner Cable deal vetoed

Hints that U.S. regulators could veto Comcast Corp's proposed $45 billion takeover of Time Warner Cable Inc have investment bankers worried about whether they will get paid, with smaller advisory firms particularly on edge.

Stock Market

European shares up after China stimulus fails to lift Asia

Global stock markets had a mixed start to the week on Monday and core bond yields fell as investors juggled Chinese steps to stimulate its slowing economy and a proposed telecoms deal in Europe with growing worries Greece may default.

Stock Market

China makes big cut in bank reserve requirement to fight slowdown

China's central bank on Sunday cut the amount of cash that banks must hold as reserves, the second industry-wide cut in two months, adding more liquidity to the world's second-biggest economy to help spur bank lending and combat slowing growth.

China second-quarter GDP seen steady at 7.4 percent, recovery in sight

Oil pares early gains as Saudi output remains near record high

Oil prices eased from early highs to under $64 a barrel on Monday after Saudi Arabian Oil Minister Ali al-Naimi said production in the world's biggest crude exporter would stay near record peaks around 10 million barrels per day (bpd) in April.

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