Business News

Greece Still Leading the Parade

It is a run on the banks as the EU and Greece try to come to terms. Greek depositors have been pulling money out of banks in record amounts over the last few days. As much as $28.4 billion has left Greek banks since the end of December. (CNBC)

The big green machine, farm equipment maker Deere earned $1.12 per share for its latest quarter, well above the consensus estimate. Deere however, highlighted the difficult global market conditions and said it expected a 17% drop in equipment sales for 2015. (CNBC)

Nordstrom reported earnings that fell short of expectations, while revenue basically matched estimates. The retailer's full-year outlook was well below forecasts. Nordstrom has been increasing its investment in technology upgrades, and promotional activity at the Rack . (CNBC)

McDonald’s continues its efforts to right the ship. The Golden Arches is testing a new addition - flavored McNuggets.  McDonald's began testing seasoning flavors that customers can shake on nuggets, including zesty ranch, chipotle BBQ and garlic parmesan, this week. In the nugget category, McDonald's has faced heightened competition from rival Burger King, which is currently promoting 10 pieces for $1.49 as a limited-time offering. (CNBC)

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