McDonald’s delivers global growth as it battles U.S. challenges
McDonald’s Corp beat estimates for quarterly same-store sales on Wednesday, powered by a strong international performance that again made up for weakness in a highly competitive U.S. fast-food market.
GE to combine renewable, grid assets into single unit
General Electric Co said on Wednesday it would fold its battery storage and electrical grid units into its wind turbine and hydropower business to cut costs, speed decision-making and cater to surging demand for renewable power.
AT&T misses revenue estimates on slower wireless customer growth
AT&T Inc on Wednesday reported quarterly revenues and new wireless subscribers that fell short of Wall Street expectations, sending shares down nearly 3 percent, as its focus shifted to paying down debt from boosting its customer base.
McDonald’s U.S. same-store sales miss estimates
McDonald’s Corp’s quarterly comparable sales at U.S. restaurants posted the slowest growth in nearly two years and fell just short of analysts’ estimates on Wednesday, as it suffered from intensifying competition from local diners and chains.
U.S., China launch high-level trade talks amid deep differences
The United States and China opened a pivotal round of high-level talks on Wednesday aimed at bridging deep differences over China’s intellectual property and technology transfer practices and easing a months-long tariff war.
Boeing profit beats; targets 900 plane deliveries in 2019
Boeing Co topped expectations with both quarterly profit and its forecast for 2019 cash flow on Wednesday, as a boom in air travel underpinned a prediction for full-year deliveries of around 900 commercial airplanes.
Subject to contract: German firms set own Brexit terms
With Brexit less than two months away, and no divorce deal in sight, some German companies are taking matters into their own hands to limit any damage to their businesses.
Alibaba revenue grows at weakest pace in 3 years as slowing China bites
E-commerce giant Alibaba Group Holding Ltd’s quarterly revenue grew at its weakest pace since 2016, as the impact of a slowing Chinese economy and a crippling Sino-U.S. trade war kept buyers away during its top-sale season.
Oil prices rise 1 percent on Venezuela sanctions
Oil prices rose about 1 percent on Wednesday, boosted by concerns about supply disruptions following U.S. sanctions on Venezuela’s oil industry but pegged back by uncertainty over the global economy.
Siemens steels itself for EU rejection of rail merger with Alstom
Siemens will accept defeat if the European Union rejects its pleas to allow it to combine with Alstom to create a powerful Franco-German rail business.
