Business Archives - Page 5 of 39

2024-10-25

Yum Brands, Burger King pull onions from select locations after McDonald’s E. coli outbreak

A sign is posted in front of a Taco Bell restaurant in Richmond, California, on May 1, 2024. Justin Sullivan | Getty Images Burger King and Yum Brands, which owns Taco Bell, have pulled onions from select restaurants following an E. coli outbreak tied to McDonald’s. “As we continue to monitor the recently reported E. coli outbreak, and out…

2024-10-25

Southwest, Elliott strike deal to keep CEO Jordan, add six directors

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Bob Jordan, CEO of Southwest Airlines, listens to questions from media during Southwest Airlines Investor day at Southwest Airlines Headquarters on September 26, 2024 in Dallas, Texas. Sam Hodde | The Washington Post | Getty Images Southwest Airlines and activist hedge fund Elliott Investment Management struck a deal to avert a proxy fight in exchange for naming six directors…

2024-10-25

Boeing machinists reject new labor contract, extending more than 5-week strike

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Boeing workers from the International Association of Machinists and Aerospace Workers District 751 attend a rally at their union hall during an ongoing strike in Seattle, Washington, U.S. October 15, 2024. David Ryder | Reuters Boeing machinists voted against a new labor deal that included 35% wage increases over four years, their union said Wednesday, extending a more than…

2024-10-24

CDC notified about outbreak last week

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A customer walks out of a McDonald’s restaurant in Omaha, Nebraska, on Oct. 23, 2024. Mario Tama | Getty Images The Centers for Disease Control and Prevention told McDonald’s late last week about a potential link to an E. coli outbreak, company spokespeople said Wednesday. At that time, the number of connected cases was smaller than it is now,…

2024-10-24

Tesla (TSLA) Q3 2024 earnings report

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Tesla reported third-quarter earnings Wednesday that topped analysts’ estimates even as revenue came in just shy of expectations. The stock popped roughly 17% in Thursday morning trading. Here’s what the company reported compared with what Wall Street was expecting, based on a survey of analysts by LSEG: Earnings per share: 72 cents, adjusted vs. 58 cents expected Revenue: $25.18…

2024-10-24

Coca-Cola CEO says McDonald’s E. coli outbreak won’t hurt sales

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Coca-Cola President and CEO James Quincey attends a press conference with International Olympic Committee (IOC) president and China Mengniu Dairy CEO and Executive Director, as part of the 134th Session of the International Olympic Committee (IOC) at the SwissTech Convention Centre in Lausanne, on June 24, 2019. Fabrice Coffrini | AFP | Getty Images Coca-Cola CEO James Quincey said…

2024-10-24

10-year Treasury yield climbs to 4.25%

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The U.S. 10-year Treasury yield rose again Wednesday as traders digested the latest comments from Federal Reserve officials on the trajectory of interest rate cuts. The yield on the 10-year Treasury rose more than three basis points to about 4.24. At its session high, the benchmark rate traded at 4.26%, reaching its highest level since July 26. That move comes…

2024-10-23

Starbucks releases preliminary results, says sales fell again

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Starbucks on Tuesday posted preliminary quarterly results that showed its sales fell again as the coffee chain tries to execute a turnaround. “Our fourth quarter performance makes it clear that we need to fundamentally change our strategy so we can get back to growth and that’s exactly what we are doing with our ‘Back to Starbucks’ plan,” CEO Brian…

2024-10-23

McDonald’s shares fall after CDC says E. coli outbreak linked to Quarter Pounders

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McDonald’s Quarter Pounder hamburger Getty Images McDonald’s shares dropped in premarket trading Wednesday morning after the Centers for Disease Control and Prevention said an E. coli outbreak linked to McDonald’s Quarter Pounder burgers has led to 10 hospitalizations and one death. The agency said 49 cases have been reported in 10 states between Sept. 27 and Oct. 11, with…

2024-10-23

Market reckoning on spending is coming after election

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Billionaire hedge fund manager Paul Tudor Jones is raising alarms about the U.S. government’s current fiscal deficit and the increased spending promised by both presidential candidates, saying the bond market may force the government’s hand after the election in addressing it. “We are going to be broke really quickly unless we get serious about dealing with our spending issues,”…

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Business

Yum Brands, Burger King pull onions from select locations after McDonald’s E. coli outbreak

Southwest, Elliott strike deal to keep CEO Jordan, add six directors

Boeing machinists reject new labor contract, extending more than 5-week strike

CDC notified about outbreak last week

Tesla (TSLA) Q3 2024 earnings report

Coca-Cola CEO says McDonald’s E. coli outbreak won’t hurt sales

10-year Treasury yield climbs to 4.25%

Starbucks releases preliminary results, says sales fell again

McDonald’s shares fall after CDC says E. coli outbreak linked to Quarter Pounders

Market reckoning on spending is coming after election

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