- MCDBusiness Insider•10 hours ago
McDonald's turnaround is facing a major roadblock. The email was summarizing a September meeting between McDonald's executives and franchise leaders. McDonald's did not immediately respond to Business Insider's request for comment on the documents.
- BusinessThe Street•yesterday
Heavy equipment maker Caterpillar ( CAT) took the wrecking ball to its 2016 results, bringing down sentiment about the health of the world economy in the process. Caterpillar reported Tuesday a third-quarter profit of $283 million on sales of $9.2 billion, down from a revised $559 million profit on $11 billion in sales in the same quarter a year prior. For the full year, Caterpillar said it now expects sales of $39 billion compared to previous guidance of between $40 billion and $40.5 billion. The results continue a bad run for Caterpillar, which has attempted to weather weakness in the commodity and energy markets that has led to more than three years of flat to down month-over-month sales by slashing 20% of its global workforce and restructuring its operations.
- financeNicole Sinclair•13 days ago
Many Wall Street analysts point to the expensive market—especially amid uncertain times—as a key reason for downside ahead.