|Bid||0.00 x 900|
|Ask||0.00 x 1800|
|Day's Range||162.10 - 163.95|
|52 Week Range||146.84 - 178.70|
|PE Ratio (TTM)||25.62|
|Forward Dividend & Yield||4.04 (2.59%)|
|1y Target Est||N/A|
Charlie Bobrinskoy, Ariel Investments; Michael Yoshikami, Destination Wealth management; and CNBC's Mike Santoli, discuss winners and losers in today's trading.
Tiffany & Co, United Airlines, Wynn, McDonald’s and Apple are the companies to watch.
Yahoo Finance's Seana Smith on the biggest headlines in midday trading.
The TIME'S UP movement has knocked on the door of McDonald's Corp. Since May 18, 10 claims of sexual harassment have been filed against McDonald's and its franchisees with the federal Equal Employment Opportunity Commission by 10 different women in seven states. The workers are demanding that McDonald's implement and enforce a zero-tolerance policy against sexual harassment outlined in the company's manual and in its franchisees' policies.
McDonald’s shareholders have overwhelmingly rejected proposals calling on the global chain to investigate the impact of plastic straw use by its restaurants. The organisation has previously called on McDonald’s to phase out the use of plastic straws in its 36,000 restaurants worldwide due to environmental concerns. Proposals noted “a growing global consumer movement opposes the use of plastic straws,” urging the fast food giant to show “leadership in the elimination” of such products.
Diners like the convenience and affordability of fast-food and fast-casual restaurants, a trend that shows no sign of slowing. Many of these chains have a presence across the country as they continue to expand. Here is a quick look at stories about the leading brands in the industry as recently reported by The Business Journals and other media.
A Kentucky fast food worker has been diagnosed with Hepatitis A. is working with Kentucky health officials after the Ashland-Boyd County Health Department said that one of its employees was diagnosed with the liver disease on Wednesday. Local news reported that all employees at the location received the Hepatitis A vaccine this week and the company required a vaccination policy for all workers.
The decision is coming only a few years after McDonald's started selling certain breakfast items all day, which boosted sales dramatically.
McDonald's isn't ready to stop offering plastic straws, despite environmental concerns. A shareholder proposal to pressure the world's biggest hamburger chain on the matter was voted down at the company's annual meeting Thursday. The proposal by activist group SumOfUs asked for a report about the "business risks" of using plastic straws at the chain's 37,000 locations globally.
McDonald's, Chipotle and other top restaurant chains are expanding into home delivery services as e-commerce reduces their traffic. But revenue-sharing with the likes of Uber Eats and Grubhub, as well as execution issues, make this shift a dicey proposition.
It’s hard to serve a Big Mac without the bun. A truckers’ strike in Brazil over higher diesel prices has left at least one McDonald’s in Copacabana struggling to serve its customers. The last perishable food delivery received at the restaurant was May 18, manager Yladian Barbosa told O Globo newspaper.
Twenty-five years after its founding near the University of Denver and just six months after announcing it had signed a lease to consolidate its disparate Denver corporate employees in a headquarters in a new downtown skyscraper, Chipotle Mexican Grill (NYSE: CMG) is leaving its hometown to locate near the home of its new CEO. On Wednesday, America’s 14th-largest quick-service restaurant chain — and the eatery that’s been given credit for making Denver a national incubator of fast-casual concepts — announced it would clear all of its corporate employees out of Colorado in the next six months, moving them to its new headquarters in Newport Beach, California and to an existing office in Columbus, Ohio. The company similarly will be shutting down its office in New York.
It left no shortage of top stock trades to dissect for Thursday. While General Electric Company (NYSE:GE) didn’t fall 7.5% in response to the U.S. trade situation, it did drop on management’s comments about its power unit. Target Corporation (NYSE:TGT) puked more than 5% Wednesday after the company reported its first-quarter earnings results.
Women’s advocacy groups say McDonald’s Corp. isn’t doing enough to combat sexual harassment practices, pulling the world’s largest restaurant chain into further scrutiny by the #MeToo movement. The National Women’s Law Center and National Organization for Women, along with other groups, are publishing a letter to McDonald’s asking the company to enforce its policy prohibiting sexual harassment, and to conduct mandatory manager and worker training on the issue. The letter comes just a few days after 10 McDonald’s workers filed sexual harassment complaints with the U.S. Equal Employment Opportunity Commission.
The Wall Street Journal ran an article recently that highlighted the sneaker market’s hottest new brand, Allbirds. The other takeaway is that while Allbirds isn’t exactly a threat to Nike Inc (NYSE:NKE), Adidas AG/S ADR (OTCMKTS:ADDYY), Under Armour Inc (NYSE:UAA) or Skechers USA Inc (NYSE:SKX) just yet, the potential for mass disruption in the athletic sneaker market is there. Allbirds is too small, too niche, too unknown, too simple and too trendy.
Tiffany (TIF) is shining bright this morning. Tiffany’s CEO cited a 15% boost in worldwide sales and the launch of a new celebrity campaign featuring Elle Fanning for the strong results. United Airlines (UAL) wants the wealthy to fly the friendly skies.
Ten McDonald's employees have filed complaints alleging sexual harassment, a move backed by organizers of the Time's Up movement.
The women were armed with support from the Time’s Up Legal Defense Fund and Fight for $15.
LOS ANGELES/NEW YORK (Reuters) - Ten women who work at McDonald's restaurants in Detroit, Chicago, Los Angeles and six other cities have filed sexual harassment complaints in the past few days with the federal government against the company and its franchisees, which they said ignored or retaliated against them for such complaints. The complaints, filed with the U.S. Equal Employment Opportunity Commission (EEOC), are the latest effort by the union-backed Fight for $15 to have McDonald's designated a "joint employer" of workers at McDonald's franchises and thereby liable when its franchisees violate labour laws.
LOS ANGELES/NEW YORK (Reuters) - Ten women who work at McDonald's restaurants in Detroit, Chicago, Los Angeles and six other cities have filed sexual harassment complaints in the past few days with the federal government against the company and its franchisees, which they said ignored or retaliated against them for such complaints. The complaints, filed with the U.S. Equal Employment Opportunity Commission (EEOC), are the latest effort by the union-backed Fight for $15 to have McDonald's designated a "joint employer" of workers at McDonald's franchises and thereby liable when its franchisees violate labor laws.
McDonald's is the latest franchise to get a taste of Coca-Cola's push to build exclusive drink menu items.
Energized by the #MeToo movement, two national advocacy groups are teaming up to lodge sexual harassment complaints against McDonald's on behalf of 10 women who have worked at the fast food restaurant in nine cities. According to their complaints, when the women reported the harassment, they were ignored or mocked, and in some cases suffered retaliation. The legal costs are being covered by the TIMES UP Legal Defense Fund, which was launched in January by the National Women's Law Center to provide attorneys for women who cannot afford to bring cases on their own.