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Economy

In the USA, the new range of more expensive burgers helped McDonald's shares hit a record high this month, CNBC reports. Diluted earnings per share of $1.70 increased 36% (38% in constant currencies). McDonald's Corp posted the biggest rise in sales at established restaurants globally in five years, helped by higher traffic and the success of USA initiatives, including beverage promotions and the launch of signature crafted sandwiches.
  • AU Optronics Corp (NYSE:AUO) Quarterly EPS Review

    Economy

    Aperio Group LLC now owns 3,031,778 shares of the semiconductor company's stock valued at $13,825,000 after buying an additional 834,713 shares in the last quarter. Two research analysts have rated the stock with a sell rating , seven have assigned a hold rating and one has given a buy rating to the company's stock.
  • Dollar edges up from 13-month low, aided by solid U.S. data

    Dollar edges up from 13-month low, aided by solid U.S. data

    Economy

    In commodities, oil remained in the doldrums after a consultant forecast a rise in OPEC production for July despite the group's pledge to curb output, reviving concerns about oversupply. The Bloomberg Dollar Spot Index rose 0.1 per cent after closing little changed yesterday. MSCI's broadest index of Asia-Pacific shares outside Japan was down 0.1 per cent early on Monday.
  • Canadian polygamous leader convicted of having 25 wives

    Canadian polygamous leader convicted of having 25 wives

    Economy

    Winston Blackmore, 61, was charged with practicing plural or "celestial" marriage in the fundamentalist community of Bountiful, BC after he married 25 women. 'She was a careful witness, ' Donegan said. Oler entered a not guilty plea. The maximum penalty that Canadian law prescribes in these cases is five years in prison.
  • HighTower Advisors LLC Buys 27270 Shares of Cal-Maine Foods, Inc. (CALM)

    HighTower Advisors LLC Buys 27270 Shares of Cal-Maine Foods, Inc. (CALM)

    Economy

    A number of other hedge funds and other institutional investors also recently made changes to their positions in the stock. Russell Investments Group Ltd. Royce & Associates LP raised its stake in shares of Cal-Maine Foods by 29.0% in the first quarter. During the same period in the previous year, the company earned ($0.01) EPS.
  • Snopes is in danger of shuttering and needs our help

    Snopes is in danger of shuttering and needs our help

    Economy

    Snopes claims that the vendor's contract with the site expired in 2017 but is, in essence, holding the Snopes website hostage, and won't allow them to advertise. The fight has resulted in Snopes being cut off from revenue and facing the prospect of "having no financial means to continue operating the site and paying our staff (not to mention covering our legal fees) in the meanwhile", according to the site's team.
  • Michael Kors buys Jimmy Choo in £896m deal

    Michael Kors buys Jimmy Choo in £896m deal

    Economy

    The Jimmy Choo brand rose to prominence in the late 1990s, boosted by high-profile devotees including the late Princess Diana and the fictional Carrie Bradshaw in television series "Sex and the City". With Jimmy Choo , it now acquires a company that is back on the right track. The sale plan was backed by Jimmy Choo's main shareholder, JAB Holdings , owned by the German billionaire Reimann family.
  • Key US senator says no deal yet on Russian Federation sanctions bill

    Key US senator says no deal yet on Russian Federation sanctions bill

    Economy

    The roadblock arose as Trump administration officials stepped up a lobbying campaign against the bill , prompting Democrats to accuse House GOP leaders of stalling on Trump's behalf. The aides were not authorized to speak publicly and requested anonymity to discuss internal deliberations. It will proceed under special expedited procedures for noncontroversial bills expected to pass with a two-thirds majority.
  • Oil up as OPEC says market moving toward balance

    Oil up as OPEC says market moving toward balance

    Economy

    Russian Energy Minister Alexander Novak said Monday that Moscow is open to the monitoring of the country's oil export. In 2016, OPEC reached an agreement in the Austrian capital of Vienna to reduce daily oil production during the first half of 2017 in an effort to boost global oil prices .
  • September debut for 2018 Suzuki Swift Sport

    September debut for 2018 Suzuki Swift Sport

    Economy

    This will replace the current 1.6-litre 136bhp engine used in the current auto. The new Swift Sport is expected to retain the characteristics like handling and body control of the outgoing Swift Sport. Suzuki unveiled the new Swift hatchback in Japan previous year. To help with the performance, engineers have tweaked the standard car's styling to incorporate a subtle new front splitter and side skirts.