McDonald's will begin selling McCafe coffee packages in supermarkets in 2015. CNBC contributor Herb Greenberg, explains why he thinks the concept will fail.» Read More
McDonald's is under pressure after reporting abysmal sales globally in July. There's a sense around the globe this good-tasting food is bad for you, says Cramer.
Aug 8- McDonald's Corp said its global sales forecast for 2014 was at risk after a food scare forced it to temporarily withdraw menu items such as Big Macs and Spicy McWings in China.
A look at the fast food chain's rise to dominance and later challenges.
NEW YORK— McDonald's says a global sales figure fell 2.5 percent in July, dragged down by persistent weakness in the U.S. and a food safety scare in China. The world's biggest hamburger chain said Friday that the decline included a 3.2 percent drop in the U.S. and a 7.3 percent drop in the unit encompassing Asia, the Middle East and Africa.
R.J. Hottovy, Morningstar senior analyst, breaks down the data on McDonald's worst-than-expected sales numbers, and its likely impact on earnings and possibly the CEO.
Geopolitics are likely to dominate markets Friday, with traders sensitive to even small developments.
Aug 8- McDonald's Corp reported lower-than-expected global sales at established restaurants in July after a food scare forced it to temporarily withdraw menu items such as Big Macs and Spicy McWings in China. McDonald's shares were down 0.8 percent in premarket trading.
Some of the names on the move ahead of the open.
Stocks fell Thursday as Wall Street echoed action in European markets and tracked Ukraine news.
U.S. Treasury bonds rose on Wednesday, as an upsurge in fears about Russia boosted investors' bid for "safe-haven" assets.
European shares closed lower on Wednesday, with investors reacting to disappointing data and escalating tensions between Russia and Ukraine.
TORONTO, Aug 6- Tim Hortons Inc, the Canadian coffee and doughnut chain, said on Wednesday that market-beating quarterly growth shows a shift in strategy is paying off and that full-year profit and U.S. sales growth could exceed its targets.
Weak manufacturing data for Germany has raised concerns its economy is losing steam, hit by an aggressive Russia and a stagnant euro zone.
U.S. stock index futures traded down on Wednesday, as European shares fell sharply on rising concerns about Russia and Ukraine.
Aug 6- Tim Hortons Inc, Canada's biggest coffee and doughnut chain, posted a bigger-than-expected rise in quarterly profit and said full-year profit may top its own forecast as customers spent more on every visit. Net income attributable to Tim Hortons was flat at C $123.8 million in the second quarter ended June 29.
China's bond market is booming with record issuance and strong demand, but it has been a speculative play dominated by Chinese issuers and investors.
HONG KONG, Aug 6- China's offshore bond market looks to be booming with record issuance and strong demand, but rather than the global market that was hoped for it has been a speculative play on the yuan dominated by Chinese issuers and investors.
HONG KONG, Aug 6- China's $120 billion offshore yuan bond market has come a long way over the past four years, when it really took off. July 2007: China Development Bank issues the first offshore yuan bond in Hong Kong.
Running short on time? You're in luck at these McDonald's locations.
CHICAGO, Aug 5- Two government bodies in Shanghai have launched a joint investigation into the food safety scandal in China centered around U.S.-based meat supplier OSI Group, the company said on Tuesday.