U.S. stocks finished lower on Friday weighed by Amazon's weak earnings and Visa's lowered outlook, in addition to ongoing geopolitical concerns.» Read More
July 24- Starbucks Corp on Thursday said quarterly sales at established stores in its dominant Americas region grew a somewhat stronger-than-expected 6 percent, including a 7 percent rise for the United States.
Check out which companies are making headlines after the bell Thursday: Pandora, Starbucks, Visa & more.
*Caterpillar drags on Dow; Facebook stock at record on results. NEW YORK, July 24- U.S. stocks ended a quiet session on Thursday as earnings painted a mixed picture of the economy, though the S&P 500 set another record closing high. Recent gains on Wall Street have been fueled by earnings, which have been strong this quarter.
July 24- Starbucks Corp on Thursday said quarterly sales at established stores in its U.S.-dominated Americas region grew 6 percent. Starbucks' Americas region sales also rose 6 percent in the fiscal second quarter. The Americas region contributes the majority of Starbucks revenue.
NEW YORK— Starbucks said Thursday its revamped breakfast sandwiches and other food offerings helped boost sales at its U.S. cafes. In a conference call with analysts, Starbucks CEO Howard Schultz said food has become a strength and drives traffic to cafes, and that the company was just getting started in its efforts in improving its lineup.
The Seattle-based coffee company posted fiscal third-quarter earnings of 67 cents per share on $4.14 billion in revenue.
Brinker International Inc. rose$. 36 or. 8 percent, to $45.11. Chipotle Mexican Grill Inc. fell $1.45 or. 2 percent, to $659.82. McDonald's Corp. rose$. 05 or. 1 percent, to $95.40.
Brinker International Inc. rose$. 20 or. 4 percent, to $44.95. Chipotle Mexican Grill Inc. fell $3.71 or. 6 percent, to $657.56. Darden Restaurants Inc. rose$. 12 or. 3 percent, to $44.61.
U.S. stock index futures rose on Thursday, ahead of one of the heaviest days for U.S. and European second-quarter earnings.
R.J. Hottovy, Morningstar equity strategist, shares his expectation on Starbuck's quarterly numbers and weighs in on whether rising coffee prices are likely to impact profits.
*China food regulator visits 581 food-related businesses. Shanghai police detained five people on Wednesday, including the head and the quality chief of Shanghai Husi Food, a supplier to foreign fast-food brands including KFC, McDonald's Corp and coffee chain Starbucks Corp over allegations it supplied out-of-date meat.
Fast food chains in China suspended use of products from Shanghai Husi Food Co. after a television station reported last weekend it repackaged and sold meat past its use-by date. I will not try to and defend it or explain it, "said Sheldon Lavin, chairman and chief executive of Aurora, Illinois- based OSI Group, which owns Husi Food.
SHANGHAI, July 24- China's food regulator has visited close to 600 restaurants, businesses and food distributors as it investigates a fast-spreading food safety scare that has dragged in a number of global brands and hit food outlets as far away as Japan.
SHANGHAI, July 24- China's food regulator has visited close to 600 restaurants, businesses and food distributors, the watchdog said in a statement, in an investigation into a fast-spreading food safety scare. The safety scare has already dragged in U.S. chains McDonald's Corp, KFC-parent Yum Brands Inc and coffee giant Starbucks Corp..
Yum severed ties with OSI Group after police detained five people from the supplier's meat-processing factory at the center of a food-safety scare.
An earnings deluge will hit the stock market Thursday, and analysts say that mostly good reports could continue to drive new highs.
OSI Group, a privately-held company based in Aurora, Illinois, was thrust into the spotlight this weekend when a Chinese TV station reported that one of its Shanghai plants repackaged old beef and chicken and slapped new expiration dates on them.
SHANGHAI/ LANGFANG, China, July 23- Yum Brands Inc's China division severed ties to OSI China after Shanghai police detained five people from that supplier's meat processing factory at the center of a food safety scare that has ensnared several major Western brands.
July 23- Yum Brands Inc's China division has stopped buying from OSI China, after Shanghai police detained five people connected to the meat supplier's factory at the center of a new food safety scandal, Yum said on Wednesday.
The scandal surrounding Husi, which is owned by OSI Group of Aurora, Illinois, has alarmed Chinese diners.