2024-11-19

McDonald’s, Starbucks aim to improve

A McDonald’s restaurant in El Sobrante, California, on Oct. 23, 2024. David Paul Morris | Bloomberg | Getty Images After a tough year for the restaurant industry, executives can’t wait for 2025 to start. “I don’t know about you guys, but I’m ready for ’24 to be behind us, and I think ’25 is going to be a great…

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2024-11-15

Disney (DIS) earnings Q4 2024

In Disney and Pixar’s “Inside Out 2,” Joy, Sadness, Anger, Fear and Disgust meet new emotions. Disney | Pixar Disney reported its fiscal fourth-quarter earnings Thursday, narrowly beating analyst estimates as streaming growth helped propel its entertainment segment.  The streaming business’ growth and profitability — combined with a blockbuster summer at the box office and further investments in the…

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2024-11-15

Amazon Prime Video to stream Diamond regional sports networks

Sopa Images | Lightrocket | Getty Images Diamond Sports reached a deal with Amazon’s Prime Video that will allow its 16 regional sports networks to be made available on the streaming platform. As part of the deal, Diamond’s networks will be made available as an add-on subscription to Prime customers living within each team’s designated geographic area. Further details,…

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2024-10-25

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

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…

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2024-10-25

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

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…

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2024-10-24

CDC notified about outbreak last week

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,…

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2024-10-24

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

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…

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2024-10-23

Starbucks releases preliminary results, says sales fell again

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…

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2024-10-23

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

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…

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