Business News

McDonalds rolls out a turn-around plan today

Berkshire Hathaway, owners of Dairy Queen, Fruit-of-the-Loom underwear, railroads and many other businesses posted first-quarter profits up 9.8% as lower fuel prices helped the railroad business, and investment income improved with the companies wager on Burger King. Net income rose to $5.16 billion. (Bloomberg)

 

Comcast posted total profits up 2.6% to $17.9 billion in the quarter. Comcast will now earmark $6.75 billion for its stock buyback 2015. The company added video customers last quarter, but lost 8,000 subscribers  compared to the 24,000 additions last year. (CNBC)

 

McDonald's is set to unveil a turnaround plan today, as the restaurant chain seeks to revive sales. Executives said the menu had gotten too complicated and the company had failed to keep up with changing tastes. (CNBC)

 

The new symbol of America: small SUVs and compact crossover utility vehicles are now the most popular new vehicles in the U.S.. In the first three months this year, 15.6% of the light vehicles sold in the U.S. were compact utility vehicles, surpassing compact cars which made up 15.1% of all sales. (TrueCar)

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