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Latest Business News: Stocks Give up Gains After McDonald's Earnings Disappoint

Wochit 0:59 mins

Stock index futures pared gains to trade flat, pressured by a decline in McDonald's shares after its results and as investors booked profits after the S&P 500 index hit yet another closing high Samsung is announcing plans for its largest-yet North American developer conference, a multiday event to take place Oct. 27-29 in San Francisco. The Korean electronics giant was short on details, saying only that the conference will allow developers to ?Engage with industry leaders,? ?Collaborate with fellow developers,? ?Learn about new Samsung tools and SDKs,? and ?Create what?s next.? German software maker SAP AG said Executive Jim Hagemann Snabe would move to the company's supervisory board, making co-chief Bill McDermott sole CEO.

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