Is McDonald's 'broken'? Franchisees are furious
Even McDonald’s franchisees are not ‘lovin’ it, according to a new survey from Janney Capital Markets.
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Jim Rogers 'absolutely' still bullish on China
Rogers’ long-term optimism about China was further burnished by the November 2013 Third Plenum, when the country’s Communist Party leaders declared the market would play a “decisive role” in the economy going forward.
US homebuilders' outlook for spring sales surges
U.S. homebuilders are feeling more optimistic that sales will perk up in coming months as the spring home-selling season unfolds. That would bode well for home construction, which slowed early this year …
Bank of America profit beats expectations as legal expenses fall
Bank of America, the No. 2 U.S. bank by assets, posted a first-quarter profit, narrowly beating analysts’ estimates, as costs fell and the bank earned more from mortgage banking.
Oil demand seen rising, but Iran calls for cut
Demand for oil will be higher this year than previously thought, according to new forecasts from the International Energy Agency (IEA), released Wednesday.
Finally, Congress OKs bill reshaping Medicare doctors' fees
Conservatives hated that it’s expected to swell federal deficits over the coming decade. Liberals complained that it shortchanged health programs for children and women. But after years of complaints and …
Futures climb as investors consider earnings reports
“Some first-quarter earnings have been a little more encouraging than people predicted,” said Patrick Spencer, equities vice-chairman at Robert W. Baird & Co. in London.
IEA Says OPEC Oil Supply Rose Most in Four Years
Saudi Arabia pumped close to a record amount of crude oil last month, leading the biggest surge in OPEC output in almost four years just as the U.S. shale boom shows signs of slowing, the International Energy Agency said. The Organization of Petroleum Exporting Countries may extend its biggest output gain since June 2011 into next month as recovery in Libya and Iraq adds to the Saudi increase, the IEA
Court: Wal-Mart can exclude gun sales proposal from proxy
A federal appeals court has ruled that Wal-Mart can exclude from its 2015 proxy statement a shareholder’s proposal to review the sale of some guns. The appeals court in Philadelphia on Tuesday reversed …
EU expected to file antitrust complaint against Google
The European Union’s competition chief is expected to file a complaint on Wednesday alleging Google has been abusing its dominance in Internet searches. After days of rising speculation, the EU said that …