All-day breakfast, promotions drive McDonald’s profit beat
(Reuters) – McDonald’s Corp’s quarterly earnings jumped more than expected in the latest quarter, as all-day breakfasts and new meal deals lured more diners to its U.S. restaurants which contribute about 40 percent of overall profit.
HSBC yields to shareholders on pay, flags Brexit danger
LONDON (Reuters) – HSBC changed its pay policy for executive directors on Friday, bowing to shareholder concerns triggered by a drop in the bank’s share price and worries over its dividend.
GM’s Steve Girsky, key adviser to CEOs, to retire from board
DETROIT (Reuters) – Steve Girsky, the one-time Wall Street analyst who was instrumental in the emergence of General Motors Co from bankruptcy and the restructuring of the company after a 2009 government bailout, is retiring from the company’s board of…
Fed to hold rates in April but raise again in June: Reuters poll
(Reuters) – The U.S. Federal Reserve will keep interest rates steady at its policy meeting next week but economists held firm to their expectations for a rate hike in June and then another by the end of this year, a Reuters poll showed on Friday.
Mitsubishi Motors mileage scandal widens, U.S. regulator seeks information
TOKYO (Reuters) – Mitsubishi Motors Corp’s fuel economy scandal broadened on Friday as U.S. auto safety authorities said they were seeking information, and media reported that the automaker had submitted misleading data on at least one more model than…
Ford Motor to recall 42,300 cars in India to fix airbag deployment-related issue
NEW DELHI (Reuters) – Ford Motor Co will recall 42,300 cars in India likely affected by a software error “which could result in the airbags not deploying in certain collisions in which they are intended to deploy”, the carmaker’s local arm said on Fri…
American Air first-quarter profit beats estimates
(Reuters) – American Airlines Group Inc reported a first-quarter profit on Friday that exceeded analysts’ expectations as cheap fuel boosted its bottom line.
AutoNation’s quarterly profit falls 14 percent
(Reuters) – AutoNation Inc , the largest U.S. auto dealership chain, reported a 14 percent fall in quarterly profit as costs rose.
Honeywell quarterly profit rises 6.3 percent
(Reuters) – Honeywell International Inc posted a 6.3 percent rise in quarterly profit, helped by higher sales in its automation and climate control systems division, and the company raised the low end of its full-year earnings forecast.
Yen tumbles on renewed rate cut talk
LONDON (Reuters) – Speculation that the Bank of Japan could effectively start paying banks to borrow its cash caused the yen to tumble on Friday and gave government bonds a lift after a second bruising week.
