All-day breakfast is beginning to lose its novelty for McDonald’s Corp.
When the company’s U.S. restaurants started serving Egg McMuffins and other morning fare at all hours in 2015, the change elated customers and fuelled a yearlong sales surge. But now the effect is waning: While overall earnings beat analysts’ estimates last quarter, domestic same-store sales fell 1.3 per cent.
By Andrew Ross Sorkin "Let me explain why." Jeff Weiner, LinkedIn's chief executive, wrote a lengthy memorandum to his employees Monday morning, ticking off a list of reasons behind the surprise decision to sell the company to Microsoft for $26.2 billion: Most important, he said, was the heft that Microsoft gives LinkedIn "to control our own destiny." But there may have been another reason that he left unspoken. That would be the company's struggling stock price and its reliance — some might say overreliance — on stock-based compensation.
LONDON: Britain's top shares index fell on Friday, led lower by banks and homebuilders, but staged a sharp recovery from its initial slump caused by the country's decision to leave the European Union. The FTSE 100 index initially dived more than 8 per cent at the open, and was poised to post its sharpest one-day drop since the aftermath of the Lehman Brothers collapse. The FTSE 100 clawed back ground to finish 3.2 per cent lower at 6,138.69 points. Trading volumes were nearly five times their daily average.
BEIJING: Emerging-market stocks fell for a 12th day in the longest slump since 1990 as concerns deepened that higher US interest rates will curb demand for riskier assets. Chinese shares sank from a seven-year high before MSCI decides on their inclusion in global benchmarks. Financial shares led Czech stocks lower for the third day. The ruble appreciated for the third day. Turkish equities rebounded from a three-month low, and Hungary's forint strengthened for the first time in three days after consumer prices rose.
Overnight market action has largely been a continuation of Tuesday's key themes with European stocks falling as a selloff in mining companies extended to a 7th day, even as metals prices rose and crude oil rallied modestly from a six-year low after yesterday's API crude inventory draw. U.S. equity futures have rebounded from modest declines, as emerging-market shares extended their losing streak to a 6th day while Asian stocks dropped to 2 month lows.
An afternoon surge Wednesday gave the stock market its best day in close to four years, as stocks rebounded from a six-day slump.
The three major U.S. indexes dropped six days in a row heading into Wednesday on concern that China’s economy is weaker than investors had previously thought. That was the longest market slide in more than three years.
The Dow fell about 1,900 points over that period, while the slump wiped more than $2 trillion off the value of S&P 500 companies.
There’s nothing like a $75-million bought deal on a Monday morning, the day after an Olympic gold medal hockey game, to focus investors’ attention.
But that was the state of affairs at Redknee Solutions Inc. The company, “a leading global provider of innovative communication software products, solutions and services,” placed 12.82 million shares at $5.85 a share.