Retail, Fast Food Stocks Stung by Obama's Minimum Wage Push
President Obama's State of the Union proposal to raise the federal minimum wage to $9 an hour has the retail industry on edge and fast food stocks struggling.
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Midday Market Minute: Wendy's 4Q Adj. Profit Tops Wall Street's View
Wendy's fiscal fourth-quarter earnings topped Wall Street's view, even as a key indicator of sales at North American restaurants dipped slightly. The hamburger chain also maintained its fiscal 2013 adjusted earnings forecast that was above analysts' estimates.
5 Things to Watch When the Market Reopens
The financial markets are closed for the Christmas holiday, but when trading resumes on Wednesday, here's what's likely to help shape the rest of the week on Wall Street.
McDonald's November Sales Figure Rises
McDonald's said Monday that a key sales figure rose in November, as U.S. customers snapped up the world's biggest hamburger chain's breakfast offerings and limited-time Cheddar Bacon Onion sandwiches. The increase follows a decline in October.
McDonald's Sales Drop for First Time Since 2003
McDonald's is having trouble stomaching the competition. The world's biggest hamburger chain said Thursday that global revenue fell for the first time in nearly a decade in October, as the company faced intensifying competition and a challenging economy.
Dow Down 205 as Weak Earnings Drag Market Lower
Poor corporate earnings reports are pounding the stock market in a sour end to an otherwise strong week. The Dow Jones industrial average fell more than 200 points for its worst day in four months.
McDonald's Franchisees Have Some Harsh Words for Headquarters
The franchisor-franchisee relationship can be a tense one, especially when corporate asks the operators to spend more money. That's true even at a market leader like McDonald's, where remodeling investments, marketing campaigns and discounting are touchy subjects right now.
Wendy's Updates Logo as Part of Revamp
Wendy's pigtails are getting a tweak. The Dublin, Ohio-based fast food company is updating its logo in a move intended to signal its ongoing transformation into a higher-end hamburger chain.
McDonald's Sales Figure Bounces Back in August
McDonald's said a key sales figure climbed 3.7 percent in August, as the fast-food chain emphasized the value of its menu offerings amid the challenging global economy.
The Latest Big Brand to Plant Roots in India Is...
Amazon.com is bringing its Kindle store to India, underscoring the fact that the world's largest democracy is increasingly the place to be for businesses.
Happy Meal Lawsuit Dismissed by Calif. Judge
A San Francisco judge has dismissed a proposed class-action lawsuit that sought to stop McDonald's Corp. from using toys to market its meals to children in the Golden State.
McDonald's Key Revenue Figure Up 6.7% in Jan.
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.
Starbucks Lightens Up with Mellower 'Blonde' Brew
The complaint among those who don't dig Starbucks' coffee is that it tastes "burnt," or as java connoisseurs say, "bold." With those people in mind, it's trying something new. But can Starbucks' milder Blonde roast lure customers away from its budget-priced competition?
Fast-Food Joints Stepping Up Menu Bargains in January
Fast-food companies face a two-headed monster after every New Year%u2019s Day: Diet resolutions and empty wallets. So purveyors of burgers, tacos, fried chicken and the like are getting aggressive, which means means a solid month of gooey, cheesy, melty deals.