MONEY (MSM)

Caterpillar shares rally despite cuts to 2015 profit outlook, 2016 sales

Caterpillar Inc (CAT.N) posted lower quarterly profits and cut its outlook, weakened by slower Chinese economic growth and Brazil’s recession, but shares rallied on relief that the report was largely consistent with last month’s warning and restructuring announcement. “The results were in line with the pre-announcement and not worse,” said Longbow Research analyst Eli Lustgarten, commenting on the jump in shares, up 4.3 percent in midday trade. The world’s largest

McDonald's says turnaround taking hold as sales rebound

“While still in the early stages, we believe our turnaround plan is starting to generate the change needed to reposition McDonald’s as a modern, progressive burger company,” Easterbrook said in a statement. The United States, McDonald’s top profit market, reported a surprise 0.9 percent increase in sales at restaurants open at least 13 months. McDonald’s said breakfast items and its new Premium Buttermilk Crispy Chicken Deluxe sandwich helped the division

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