McDonald’s is changing its strategy, rejecting its recent health-food kick and relying on sweets instead. Yahoo Finance’s Alexis Christoforous, Rick Newman, and Nicole Sinclair discuss why the chain would choose sweets over greens to boost profits.Read More »
More than 300 Carrier Corp. workers were being laid off Thursday from the company's Indianapolis factory as part of an outsourcing of jobs to Mexico that drew criticism last year from then-presidential candidate Donald Trump. The nearly 340 workers clocked out after their final shifts at Carrier's gas furnace factory. Carrier announced in February 2016 that it would close the Indianapolis plant and cut about 1,400 production jobs in a move expected to save $65 million annually by moving furnace production to Mexico.
On Wednesday, United Airlines president Scott Kirby weighed in on Frontier Airlines' plan to double the number of its routes and return to a network business model. "I've believed for many years that the ultra-low-cost carrier business model can't work when a network carrier decides to compete on price," Kirby said in response to a question by Wolfe Research analyst Hunter Keay.
If you listen to Starbucks (SBUX) execs, then everything at the coffee giant is amazing. Do some work in Microsoft (MSFT) Excel (as the analysts at Credit Suisse did below on Wednesday), and a glaring issue comes to light. That is, for all its digital leadership and ability to crank out new, more expensive drinks, Starbucks sales are on a long-term downtrend. Seeing as employee hourly wages and benefit costs are on the rise, as are costs to open new locations, a stubborn downtrend in sales is very unwelcome. It's especially unwelcome as most on Wall Street remain obsessed with Starbucks' growth prospects -- they could be in for some unfortunate surprises on the bottom line over the next year