Business

McDonald’s Sales Beat Estimates As Turnaround Gathers Pace

McDonald's Corp's (MCD.N) turnaround gained momentum in the latest quarter as sales growth at established restaurants beat analysts' estimates, sending the company's shares up almost 4 percent in premarket trading on Friday. Same-restaurant sales in its U.S. restaurants rose a...

Global Stocks Nudge Higher After Final U.S. Presidential Debate

Stock markets inched higher but the Mexican peso was mixed after the third and final U.S. presidential debate, which was judged to have given no clear boost to Donald Trump's hopes of winning the White House. The peso is seen...

U.S. Jobless Claims Rise, But Labor Market Still Strong

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The number of Americans filing for unemployment benefits rose more than expected last week, but remained below a level that is associated with a strong labor market. Initial claims for state unemployment benefits increased 13,000 to a seasonally adjusted 260,000...

Nissan Completes Takeover Of Mitsubishi, Keeps Embattled Chief

Nissan Motor Co Ltd (7201.T) said on Thursday it had completed a deal to take a controlling stake in Mitsubishi Motors Corp, and would be retaining the embattled automaker's chief executive to ensure its recovery from a mileage cheating...

JPMorgan In Talks To Sell Out Of Chinese Securities JV

JPMorgan Chase & Co is in talks to sell out of a Chinese securities joint venture with First Capital Securities Co Ltd in what would be the first departure by a top-tier global investment bank from China's securities segment. Wall...

Halliburton Says ‘Meaningful’ Rise In Activity Likely At $50 Oil

Halliburton Co, the world's No.2 oilfield services provider, said oil prices would have to stabilize at above $50 per barrel for producers to meaningfully increase oilfield activity. The company posted a surprise quarterly profit on Wednesday by "relentlessly managing costs"...

Facebook Adds Food Ordering Feature

Facebook Inc said users in the United States would be able to order food through the Facebook pages of restaurants starting on Wednesday as part of its efforts to connect users and businesses. Users will also be able to get...

U.S. Says T-Mobile To Pay $48 Million Settlement Over Disclosures

T-Mobile US Inc (TMUS.O) has agreed to pay $48 million to resolve a federal probe into whether it adequately disclosed speed and data restrictions for its "unlimited" data plan subscribers, U.S. regulators said on Wednesday. The settlement includes a $7.5...

Morgan Stanley Profit Jumps On Bond-Trading Comeback

Morgan Stanley reported a better-than-expected profit on Wednesday, boosted by a surge in bond trading that helped all Wall Street banks last quarter. Morgan Stanley's gains were especially notable. Its adjusted bond-trading revenue more than doubled, hitting Chief Executive James...

Netflix Shares Soar As Video Service Posts Jump In Subscribers

Netflix has shaken off growth worries with new subscriber numbers that beat estimates and sent its shares soaring. The video streaming company added 3.2 million international customers in the last three months, far more than the 2 million analysts had...