The chain is testing a mobile payment and ordering iPhone app at six locations. A national rollout of the program could occur within the year, a spokesperson said.» Read More
SHANGHAI, Oct 28- Bearing rice burgers and lotus roots, an army of Chinese fast food firms is cooking up a challenge to McDonald's Corp and Yum Brands Inc, tempting cost-conscious diners with healthy, homegrown fare and causing a drag on growth for the U.S. chains in the country's $174 billion fast food market.
Heinz Co, since that company is now led by Bernardo Hees, the former chief executive of hamburger rival Burger King Worldwide Inc.. The switch will be more apparent overseas than in the United States, as McDonald's only serves Heinz ketchup in two domestic markets- Pittsburgh and Minneapolis, the Pittsburgh Post-Gazette reported on Friday.
After a relationship with Heinz spanning more than 40 years, the fast-food giant is transitioning Heinz out of its restaurants.
Heinz Co, since that company is now led by Bernardo Hees, the former chief executive of hamburger rival Burger King Worldwide Inc.. The switch will be more apparent overseas than in the United States, since McDonald's only serves Heinz ketchup in two domestic markets- Pittsburgh and Minneapolis, the Pittsburgh Post-Gazette reported on Friday.
From Wall Street to Main Street, our traders had you covered in a big week of "Fast Money."
Oct 24- Dunkin' Brands Group Inc reported a jump in quarterly net income Thursday, but profit slightly missed analyst expectations and the company said 2013 earnings would take a hit from a writedown relating to its business in Spain.
*Third-quarter earnings/share $0.41 vs est $0.43. *Revenue rises 8.5 pct to $186.3 mln vs est $183.2 mln. Oct 24- Coffee and doughnut chain Dunkin' Brands Group Inc reported a stronger-than-expected rise in quarterly sales as customers bought more of its higher-priced sandwiches.
McDonald's is changing its Dollar Menu to the "Dollar Menu & More," and is raising the prices of several items to keep up with costs caused by droughts.
"Mad Money" host Jim Cramer outlines three catalysts for the stock market.
Corporate America's third quarter report card is not great, but it's good enough to keep stocks moving higher.
*Netflix shares rise after market close on earnings report. "You could be seeing some profit-taking" after last week's highs, said Uri Landesman, president of Platinum Partners, which manages more than $1 billion in assets in New York. Netflix's third quarter net income reached $32 million, up from $8 million a year earlier.
Stocks finished narrowly mixed in lackluster trading Monday, after the S&P 500 hit another record high and as investors were reluctant to make big bets ahead of the September government jobs report.
*European shares close at 5- year highs; Wall St slips a tad. NEW YORK, Oct 21- The dollar gained and global equity markets traded at five-year highs on Monday, buoyed by a benign outlook for stocks as investors awaited a backlog of U.S. economic data that may yield clues on when the Federal Reserve will begin to cut its stimulus program.
*McDonald's pulls Dow lower; Apple helps Nasdaq tread water. *Netflix, Texas Instruments to report after the close. A rally in Apple Inc shares after a brokerage ratings upgrade helped the Nasdaq hold near the unchanged mark.
Will Slabaugh, Stephens Inc., research analyst says consumers clearly want indulgent options, but keeping healthy products are key. David Freedman, The Atlantic contributor, says McDonald's needs to come out with a healthier Big Mac.
*Hasbro rallies after results; McDonald's edges lower. *Netflix, Texas Instruments to report after the close. The Dow was lower after McDonald's Corp fell following a weak fourth-quarter outlook, while Apple Inc rallied after a positive brokerage report, helping the Nasdaq.
*Hasbro rallies after results, McDonald's edges lower. *Netflix, Texas Instruments to report after the close. The Dow was kept in negative territory by McDonald's Corp, which sold off following a weak fourth-quarter outlook, while a rally in Apple Inc supported the Nasdaq.
Oct 21- McDonald's Corp dogged by lackluster economic growth and intense competition, warned on Monday that global sales at established restaurants would be relatively flat for October and signaled that weakness would continue in the fourth quarter.
McDonald's is blaming missed revenues on the global economy. Jeffrey Bernstein, Barclays, and R.J. Hottovy, MorningStar, weigh in.
This is a big week for earnings, but there are some encouraging signs that both earnings and guidance are not going to be as disappointing as feared.