McDonald’s wins with all-day breakfast, China back on track
(Reuters) – McDonald’s Corp smashed analyst expectations for quarterly same-restaurant sales as the launch of all-day breakfasts proved a hit with diners in the United States and demand continued to recover in China.
China stocks slump over 6 percent in late selling frenzy
SHANGHAI (Reuters) – China stocks plunged more than 6 percent on Tuesday after yet another late bout of panic selling triggered by a resumed slide in global equity markets and oil prices.
Hyundai fourth-quarter profit slips as U.S. discounts, emerging market slowdown bite
SEOUL (Reuters) – South Korea’s Hyundai Motor on Tuesday said profit fell for the eighth consecutive quarter, as it boosted discounts to revive U.S. sales and auto demand stagnated in emerging markets.
JPMorgan to pay $1.42 billion cash to settle most Lehman claims
NEW YORK (Reuters) – JPMorgan Chase & Co will pay $1.42 billion in cash to resolve most of a lawsuit accusing it of draining Lehman Brothers Holdings Inc of critical liquidity in the final days before that investment bank’s September 2008 collapse.
U.S. judge asked to remove lead lawyers for GM switch plaintiffs
NEW YORK (Reuters) – A U.S. judge was asked on Monday to remove three lawyers from their leadership roles in litigation against General Motors Co over a faulty ignition switch linked to nearly 400 injuries and deaths, after the stunning collapse last w…
California insurance commissioner calls for coal divestment
SAN FRANCISCO (Reuters) – California’s insurance commissioner on Monday asked all insurance companies doing business in the state to voluntarily divest from coal companies and said he will also require insurance companies to disclose their coal company…
U.S. crude drops back below $30 as Iraq adds record output
SEOUL (Reuters) – U.S. crude futures dropped back below $30 a barrel in Asian trading on Tuesday, extending a near 6 percent fall made in the previous session, amid news that Iraq’s output reached a record high last month.
Johnson Controls to buy Ireland-based Tyco for $16.5 billion
(Reuters) – Johnson Controls Inc , a U.S. maker of car batteries and heating and ventilation equipment, agreed to acquire Ireland-based peer Tyco International Plc in a $16.5 billion deal that will lower its tax bill, the companies said on Monday.
Sprint slashes 2,500 jobs to cut costs
(Reuters) – Sprint Corp has axed at least 2,500 jobs across six customer care centers and its Kansas headquarters as part of its plan to cut $2.5 billion in costs, a company spokeswoman said on Monday.
Top Twitter executives to leave company, CEO Dorsey tweets
SAN FRANCISCo (Reuters) – Four senior Twitter executives are leaving the media company, CEO Jack Dorsey tweeted late Sunday night, the biggest leadership changes since Dorsey returned as chief executive as he struggles to revive the company’s growth.
