Quarterly profit of McDonald's drops at 3.5%; U.S. home sales and supply drop On Thursday, the largest restaurant chain in the world, McDonald’s Corporation, dropped sales the most in almost a year following the third quarter profit dropped 3.5 percent at the same time as sales growth slowed at stores in U.S.

The restaurant’s shares have fell by 3.9 percent to $89.21 since September of 2011. McDonald’s sales dropped to 7.4 percent this 2012.

A year earlier, the net income of the restaurant chain was at $1.51 billion … Read More


Exxon Mobil to acquire $2.92B-value Celtic Exploration; BNY Mellon revenue increases with rising stocks boosting assetsOn Wednesday, the largest energy company when it comes to market value, Exxon Mobil Corp., has agreed to acquire Celtic Exploration Ltd. for an amount of $2.91 billion in cash and stock. This will add oil and gas production in Canada’s Duvernay and Montney shale.

In a statement, Celtic’s explained that the shareholders of the company will be getting C$24.50 or $24.89 per share and half a share of a new company that will be … Read More


Net income for J&J drops 7% for Q3; A123 Systems Inc. files bankruptcy For the third quarter profit of Johnson & Johnson’s, there is a seven percent drop as production cost and increased research offset higher sales for its medical devices, medicines, and new revenue from the biggest acquirement it has done ever.

On Tuesday, the maker of baby shampoo, prescription drugs and Tylenol stated that their net income was at $2.97 billion or $1.05 for every share. This is down from last year’s third quarter at $3.2 … Read More


Inflation in U.K. reduces at 2.2%; Sprint's 70% stake to be purchased by Softbank In almost three years, the inflation in U.K. has slowed down as gas price and electricity increased last year dropped off the index.

According to the Office for National Statistics, consumer prices increased at 2.2 percent last year, this is the least since November 2009 and down from a 2.5 percent gain in August.

The policy makers from the Bank of England is facing a crucial decision for November on whether or not to expand … Read More


Increasing retail sales mark economic growth; China inflation cooling despite signs of economic stabilityFor the month of September, the retail sales have increased at the same time as Americans stepped up orders of almost everything such as cars, food, clothes, and electronics. This is an indication that consumer spending is motivating a faster growth in the economy.

On Monday, other data from U.S.A. pointed to an economy that has an effect on cooling its growth as the factory activity in New York state is dropping this month. However, … Read More


Workforce increase as US unemployment rate drops; California gas price increases again, highest in the US nowThe previous month’s unemployment rate for US dropped to 7.8 percent, falling below eight percent for the very first time in about four consecutive years. This gives President Barack Obama a probable advance for the Elections.

The rate slipped from an 8.1 percent last month because the amount of American who were employed soared by 873,000 according to a government-conducted survey. This is considered as the biggest jump every month since 2003. And this is … Read More


Asian shares increase after assurances from ECB; American Airlines to perform maintenance proceduresOn Friday, Asian shares increased and the euro held on to most of its abruptly increases as investors looked forward to a major US jobs report. This is together with a positive outlook continued after the European Central Bank (ECB) stated it was prepared to buy bonds of the distressed countries in euro zone.

The Australian dollar’s growing desire for riskier assets lifted it up to 0.2 percent at $1.0267. Yen increased to 78.335 after … Read More


US Finance Unit of Toyota to sell $1.5B of 5-year notes; Japan hopes to be fiscally unaffected with China frictionToyota Motor Corporation, the maker of the best-selling gasoline-electric vehicle in the world has sold about $1.5 billion of a five-year, dollar debt.

According to the data accumulated, the US finance unit of the company, Toyota Motor Credit Corp. has issued 1.25 percent notes to yield 65 basis points more than similar-maturity Treasuries. The person familiar to the situation explained that the proceeds from the debt might be utilized for general corporate purposes.

In September, … Read More


Six years of recession for Greece; Changes for tax hike plan signaled by Quebec Finance MinisterAccording to a budget draft for 2013 intended at a gratifying international lenders, Greece will be bringing forward a painful cuts to the budget to end a decade of prime deficits while struggling with the current recession and its sixth for this year.

After Finance Minister Yannis Stournaras net the referred ‘troika’ of the European Central Bank, International Monetary Fund, and European Commission inspectors, the government revealed a tough austerity budget.

After a 1.5 percent … Read More


Kodak is planning to stop inkjet printer sales; A rule restraining allegations denied, CFTCOn Friday, Kodak stated that it is planning to stop the selling of the inkjet printers to consumers and will reduce two hundred more jobs compared to the recent estimated as it appealed more time to comply its outline for developing from protection against bankruptcy.

On January when Kodak filed for bankruptcy protection, requesting the court to expand the exclusivity period for the filing of its proposal until February. After the requested exclusivity period will … Read More