McDonald's (MCD) investors are 'Grimacing' as shares hit 52-week lows after August same-store sales dropped 3.7 percent. Believe it or not, this figure was better than analysts had expected, which isn't saying much. Results were hit hardest in China where a tainted meat scandal led to a 14.8% drop in the Asia Pacific region. Things were kind of better in the U.S. though still down 2.8% compared to a year ago. It's the 4th straight month of declines in the states for Micky D's.
Annie's (BNNY) is an orphan no more! The organic pasta and dry goods company is being bought by General Mills for $46 per share in cash, or about $820 million. Berkeley, California based Annie's has been a mainstay in organic grocers like Whole Foods, and the deal for the company represents an approximately 37 percent premium over Monday's close. Even hippies have a price.
Activision Blizzard (ATVI): The largest U.S. video-game company trending today as releases it's highly anticipated "Destiny" videogame today. The sci-fi first-person shooter and strategy game has analysts saying the game could bring in nearly $1 billion in sales through this year's holiday season, given strong early reviews. The publisher of other huge titles like the Call of Duty Series and World of Warcraft is up over thirty-three percent this year.
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