McDonald's Corp. pretty much created the market for fast food in Russia, but now it's finding itself under competitive fire, fighting off challenges from Subway, Wendy's, Burger King and Yum! Brands.
Kentucky Fried Chicken has cut ties with more than 1,000 farms in China, following a food safety scandal that led to a dramatic drop in sales at the fast-food chain last year.
T-Mobile will likely start carrying the iPhone next year after its parent company, Deutsche Telekom, said it has reached a new deal with Apple Inc.
Stocks rose on Monday after a strong gain in retail spending suggested that consumers could be getting more confident about the economy. Bank stocks rose broadly after Citigroup delivered a strong earnings report.
The embattled residents of Iraq's capital can finally get their milkshakes, chili-cheese dogs and buckets of crispy fried chicken. Original recipe or extra spicy, of course.
Baghdad's embattled residents can finally get their milkshakes, chili-cheese dogs and buckets of crispy fried chicken. Original recipe or extra spicy, of course.
Taco Bell's new take on the taco, featuring orange Doritos dust, has helped put the sizzle back in its U.S. sales after a nearly yearlong slump stemming from a short-lived lawsuit that caused the chain some financial queasiness.
Volatility has been the market watchword over the last week, whether measured by the Chicago Board Options Exchange Volatility Index, commonly referred to as the VIX, or by the swings in the major market indices.
Looking back at a chart of the Standard & Poor's 500 this week, I see a market that is reeling from a number of factors and data points. Some conflict with others, and some are good only in so far as they are not as bad as they have been.
Contrary to the news flow, it's been a rather quiet week for me. One that reminds me of crickets, not so much because of the noise crickets make but the absence of other noise that lets you hear the crickets. With some slack in the schedule, I thought a nice change of pace would be to open the ol' mailbag, or, in this case, the ol' e-mailbag, and answer some readers' questions.
Corporate earnings continued at a fast and furious pace this week, and we started to hear from a wider variety of companies. Again, however, it was a mixed bag.
With little in the way of economic data for the first part of this past week, it comes as little surprise that corporate earnings took center stage.