The company's S-1 lays the groundwork for what is widely expected to be one of the largest initial public offerings of the year, second only to Uber's IPO in May. It's also...Technologyread more
Fraud investigator Harry Markopolos' accusations extended beyond GE's management to actuaries, auditors and analysts who he claims overlooked billions in liabilities.Marketsread more
Trump's tweet comes a day after Apple put out a press release describing the money it spends on U.S.-based suppliers and vendors.Technologyread more
CNBC combed through Wall Street research to see which stocks are still a buy after their earnings reports.Marketsread more
President Donald Trump held a call on Wednesday with the CEOs of three major U.S. banks, according to people with knowledge of the situation.Marketsread more
Despite aggressive strides, Waymo needs one thing before their self-driving cars become a seriously useful transportation system: people. We talked to the ones closest to it.Technologyread more
Scientists say the smoke plumes, filled with megatons of tiny, harmful particles, could travel to other areas of the world and cause serious respiratory problems for people.Weather & Natural Disastersread more
Some Weight Watchers loyalists applaud Kurbo by WW. But nutritionists worry Kurbo promotes an unhealthy relationship with food during an especially impressionable time.Health and Scienceread more
Benefits from what President Trump called "the biggest reform of all time" to the tax code have dwindled to a faint breeze just 20 months after its enactment, writes John...Politicsread more
Epstein, 66, was found in his cell in Manhattan federal lockup Saturday morning and transferred to a nearby hospital, where he was subsequently pronounced dead.Politicsread more
Air travelers faced delays at U.S. airports on Friday afternoon after a computer issue snarled processing of international arrivals.Airlinesread more
U.S. burger chain Wendy's reported better-than-expected quarterly profit and sales, helped by higher franchise revenue.
The company, like a few other fast-food restaurant operators, is focused on refranchising its restaurants in order to insulate from wavering commodity and labor costs.
Wendy's said franchisee royalty and franchisee rental revenue, which accounts for about 48 percent of the company's net sales, rose 29 percent to $159.5 million in the second quarter.
The Dublin, Ohio-based also said it expects net franchise rental income of about $100 million to $105 million in the year.
Same-restaurant revenue from North America, the company's biggest market, rose 3.2 percent in the quarter. Analysts on average had expected a 3.10 percent rise, according to research firm Consensus Metrix.
The company's revenue fell 16.3 percent to $320.34 million, but beat the average analyst expectation of $301.7 million, according to Thomson Reuters I/B/E/S.
The company swung to a net loss of $1.85 million or 1 cent per share, in the quarter ended July 2, compared with a profit of $26.48 million, or 10 cents per share, a year earlier.
The latest quarter included a $41.1 million loss related to acquiring and selling some restaurants.
Excluding certain items, the company earned 15 cents per share, beating the average analyst estimate of 13 cents.
The company's shares were up 1.8 percent at $15.50 before the bell on Wednesday.