Company News
McDonald's Key Revenue Figure Up 6.7% in Jan.
10:40AM 2/08/2012
McDonald's said Wednesday that a key revenue figure climbed 6.7 percent in January as U.S. customers spent more on breakfast items, beverages and its new Chicken McBites. The world's biggest hamburger chain's strongest January results were in the U.S., as revenue in restaurants open at least 13 months rose 7.8 percent there. The metric increased 7.3 percent in the region made up of Asia, the Middle East and Africa, and 4 percent in Europe.
Hershey's Gets a Bit Safer for Africa's Exploited Kids
4:47PM 2/02/2012
Hershey has been disturbingly lax in addressing abusive child labor practices in the Africa's cocoa industry, and recently, over 100,000 consumers let the company know they're not pleased. Now the chocolatier is changing its ways -- just in time.
7 Startling Numbers We Now Know About Facebook
10:35AM 2/02/2012
Now that Facebook has filed its IPO paperwork, we've gotten our first real glimpse at the inner workings of the world's largest social networking website. No shock, the company's fundamentals are impressive, but here are a few of the numbers that may surprise you -- and what they mean.
Super Bowl Advertisers Go After "Second Screens"
10:30AM 2/01/2012
Company News, Technology, Coca-Cola Company, Motorola, Facebook, Toyota, Entertainment
Call it the "second-screen" Super Bowl. About two-thirds of smartphone and tablet owners use their gadgets to do things like text or post on Twitter while watching TV, according to research firm Nielsen. So, for Sunday's game, companies from Coke to Chevy are trying to reach fans on all the "second screens" they have.
Macy's to Martha Stewart: Your J.C. Penney Deal Is Not a Good Thing
6:00AM 1/28/2012
Martha Stewart has a new legal problem to contend with: Macy's, which had an exclusive licensing deal with her namesake company, has filed a lawsuit against Martha Stewart Living Omnimedia for hooking up with J.C. Penney.
Colgate Ups Prices at Home; First Attempt in Years
12:00PM 1/26/2012
Colgate-Palmolive, stung by higher costs, saw fourth-quarter net income decline more than 5 percent but said Thursday that it had raised prices in North America for the first time in two and a half years.
How the Chevy Volt Became a Political Punching Bag
11:15AM 1/26/2012
GM CEO Dan Akerson is charged up about the politically manufactured controversy surrounding the Chevy Volt. "We did not engineer the car to become a political punching bag," he said. Tough words -- but rescuing the Volt's reputation will be a tough fight.
Disney Theme Parks Relax Their 'No Beard' Rule
10:05AM 1/26/2012
The Happiest Place on Earth isn't about to become the hairiest place on Earth, but Disney is loosening up its strict appearance rules for theme park employees: For the first time, male "cast members" will be allowed to wear beards.
America loves cars, but Wall Street analysts don't have much affection for the country's leading auto showroom operator. AutoNation has beaten its targets, is making strong profits, and is poised to grow. So what's wrong with its stock?
Off the RIM: The Worst Co-CEOs of 2011 Step Down
5:01PM 1/24/2012
BlackBerry maker RIM's maligned co-CEOS Jim Balsillie and Mike Lazaridis are stepping down, and co-COO Thorsten Heins is taking the reins solo. And while the markets aren't sure about Heins yet, he has one thing going for him his predecessors didn't.
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