Recent Articles
Same-Store Sales Jump for McDonald’s (MCD, BKC, WEN, YUM)
July sales at McDonald's Corp. (NYSE: MCD) jumped 7% globally and were up sharply in each of the company's three regions.
AIG Earnings Show Firm Back in Black
For the second quarter, AIG reported diluted EPS of $1.99, excluding items, on revenue of $19.19 billion. Adjusted net income totaled $1.34 billion. In the second quarter of 2009, the company reported adjusted net EPS of $1.71 on adjusted net income of $1.14 billion. Analysts were expecting EPS of $0.99 on revenue of $19.18 billion.
Transocean (RIG) Claims Limited Liability for Gulf Disaster
Now that the oil leak in the Gulf of Mexico has finally been halted, the spotlight will turn to assessing responsibility for the disaster that spewed 4.9 million barrels of crude oil into the Gulf. Transocean Ltd. (NYSE: RIG), the owner of the Deepwater Horizon rig that exploded and sank, has said that its contract with operator BP plc (NYSE: BP) protects the company from most lawsuits and damage claims. Transocean's position is that BP contractually agreed to indemnify the rig owner from any loss.
Toyota (TM) Posts Strong Earnings, Raises Forecast
For its first fiscal quarter of 2011, Toyota reported earnings of 190.47 billion yen ($2.2 billion), compared with a loss in the same period a year ago of -77.8 billion yen.
New Car Sales Fall in China
The heart-stopping sales growth for new cars in China couldn't last forever, and apparently it hasn't. For some automakers sales are still growing, but more slowly than before, and for others, sales are declining. BYD Co. Ltd., of which Warren Buffett's Berkshire Hathaway Inc. owns 10%, made just 36% of its full-year sales target of 800,000 cars in the first six months of 2010.
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