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Business News

Business News


On Friday the S&P 500 had its best day in almost 5 months to post a gain for the week. The S&P 500 is down 1.64% for the last month and up 4.5% for the year. (Yahoo Finance)

Households are bouncing back after the recession, With 60% saying they are "doing okay" or "living comfortably". 39% of families have a rainy day fund to cover three months of expenses. But just 48% could cover a $400 emergency expense without borrowing or selling something. (USA TODAY)

McDonald's says it's global sales forecast for 2014 is at risk after a food scare forced it to temporarily withdrawn menu items such as Big Macs and Spicy Mcwings in China. McDonald's said same restaurant sales in Asia-Pacific, Middle East and Africa fell 7.3% in July. Worldwide comparable sales at restaurants open at least 13 months fell 2.5% and US same restaurant sales fell 3.2%. US sales have been down or flat since November 2013. (Reuters)

Boeing and United technologies have been stockpiling titanium from a Russian producer in case international tensions disrupt supplies of the metal critical to building jet airliners. The companies by a substantial share of their titanium the from the Russian producer, the world's largest titanium producer. Internationally four companies provide 90% of the titanium used in the aerospace industry this year, with Russia accounting for 30% of that. (Wall Street Journal)


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