Custom burgers, $1 drinks boost McDonald’s sales; shares jump
(Reuters) – McDonald’s Corp on Tuesday posted its biggest jump in global sales at established restaurants in five years, helped by stronger traffic worldwide and U.S. initiatives including drink specials and custom sandwiches.
GM profit beats expectations, promises to cut high inventory
DETROIT (Reuters) – General Motors Co on Tuesday reported a better-than-expected quarterly net profit, helped by cost cuts, and promised to cut production in the second half to curtail its burgeoning U.S. inventory of unsold vehicles.
Activist investor urges sale of Barnes & Noble
(Reuters) – Activist hedge fund Sandell Asset Management Corp on Tuesday urged Barnes & Noble Inc to sell itself, saying the struggling U.S. bookstore chain operator could attract media or internet companies seeking a retail presence.
Caterpillar bulldozes expectations, raises 2017 forecast again
(Reuters) – Caterpillar Inc’s results smashed expectations and the company raised its full-year forecast for the second time, underscoring strength across its businesses and a steady recovery in demand from China.
Domino’s delivers Street-beating sales and profit
(Reuters) – Domino’s Pizza Inc reported better-than-expected quarterly revenue and profit, boosted by store openings, lower food costs and higher supply chain revenues from franchises.
Biogen profit smashes estimates on Spinraza demand
(Reuters) – Biogen Inc’s second-quarter profit blew past estimates, driven by higher-than-expected demand for its recently approved spinal muscular atrophy (SMA) drug, Spinraza.
DuPont beats on strong demand in agriculture business
(Reuters) – Chemicals and seeds company DuPont , which is merging with Dow Chemical , beat analysts’ estimates for both profit and revenue on Tuesday, helped by higher sales in its agriculture business.
Brushing off bank worries, HNA taps Goldman for unit Pactera’s IPO: sources
HONG KONG (Reuters) – HNA Group, the Chinese airline-to-banking conglomerate, has tapped investment bank Goldman Sachs to list Pactera, the Beijing-based IT outsourcing firm it bought from private equity firm Blackstone, sources familiar with the matt…
Michael Kors to buy luxury shoemaker Jimmy Choo for $1.2 billion
LONDON (Reuters) – U.S. retailer Michael Kors agreed to buy luxury shoemaker Jimmy Choo for $1.2 billion, snapping up a British company whose towering stilettos have been made famous by celebrity customers from Princess Diana to Kendall Jenner.
Uber ties up with AXA for workers’ accident cover in France
PARIS (Reuters) – Uber and insurance group AXA on Tuesday announced a partnership to offer accident cover for drivers who work for the ride hailing service in France.
