McDonald’s European meal deals help offset weak U.S. May sales
(Reuters) – McDonald’s Corp posted a smaller-than-expected drop in worldwide sales at established restaurants in May after a lift from value meal deals in Europe helped offset continued weakness in the United States, its top market for profit.
Investors say new boss brings fresh eye to Deutsche Bank’s challenges
FRANKFURT/LONDON (Reuters) – John Cryan faces the briefest of honeymoons as chief executive of Deutsche Bank .
Sears reports smaller first-quarter loss but sales keep sliding
(Reuters) – Sears Holdings Corp reported a smaller first-quarter loss as it cut advertising and other costs, but sales continued to tumble, underscoring the need for a big cash injection that the struggling retailer said would materialize next month.
IATA hikes 2015 global airline profit forecast to $29 billion
MIAMI/PARIS (Reuters) – Global airlines raised their forecast for 2015 industry profits by more than 17 percent to $29.3 billion on Monday, almost doubling from last year and heralding a boom for carriers in North America that stand to reap half the wo…
Cuba Inc. open to foreign capitalists, but within limits
HAVANA (Reuters) – Communist Cuba’s newfound interest in foreign capital has its limits, as Philippe Pouletty found out.
German yields rise again, stocks dip
LONDON (Reuters) – More sales of German government bonds weighed on European stock markets on Monday, while the dollar retreated after a report – later denied – that President Barack Obama had expressed concern over its strength after a year-long rally…
White House denies Obama said strong dollar a problem
KRUEN, Germany (Reuters) – A senior U.S. official denied on Monday a news wire report that President Barack Obama had told a Group of Seven industrial nations’ summit that the strong dollar was a problem.
GE close to selling private equity lender to top Canada pension fund
NEW YORK (Reuters) – General Electric Co is near a deal to sell its private equity lending unit to the Canada Pension Plan Investment Board (CPPIB), a person familiar with the matter said, as the conglomerate takes a big step in a planned massive pullb…
American Airlines CEO cites capacity growth risks
MIAMI (Reuters) – American Airlines Group Inc Chief Executive Doug Parker voiced concern on Sunday about the risk that capacity growth among airlines could depress profits, but told Reuters that in contrast with past cycles, the rise in capacity “feels…
Deutsche Bank appoints new CEO in latest post-crisis shake-up
FRANKFURT (Reuters) – Germany’s largest lender Deutsche Bank purged its leadership on Sunday, appointing Briton John Cryan as chief executive to replace Anshu Jain just two weeks after Jain was given more power to reorganize the bank.
