Intensified competition, changing attitudes toward food take toll on burger behemoth
McDonald's is an industrial wonder. It's the biggest restaurant chain in the world, measured by sales, with some 14,000 locations in the United States and 36,000 globally. That's the problem. Executives proudly refer to "the system", which guarantees that its French fries will be the same size everywhere and cooked for exactly the same amount of time; its burgers will be the same thickness and have the same taste; and its liquid eggs will be pre-cooked, folded, and flash-frozen by its suppliers before they become part of a bacon, egg and cheese biscuit.
For the seventh quarter in a row Facebook beat profit and revenue forecasts, continuing to win more mobile advertising revenue as most users shift to using the site on smartphones and other portable devices.
Polish authorities unveiled proposals on Wednesday aimed at helping more than 500,000 Poles with Swiss franc loans, the payments of which are spiking after a surge in the franc.
The news that one of China's richest men has sued some local governments for late payments on infrastructure contracts has attracted widespread attention.
The yuan moved into the top five among world payment currencies in November, overtaking the Canadian and Australian dollars by value, the Society for Worldwide Interbank Financial Telecommunication said on Wednesday.
The nation's top two makers of rolling stock are holding a global roadshow this week to explain their merger plan and profit outlook to international and domestic investors.
Singapore's central bank unexpectedly eased monetary policy on Wednesday, sending the currency to the weakest since 2010 as the country joined global policymakers in shoring up growth amid dwindling inflation.
Yahoo CEO Marissa Mayer is losing a precious security blanket now that she is spinning off the Internet company's prized stake in China's Alibaba Group Holding Ltd.
Oil fell as Saudi Arabia, the world's biggest exporter, signaled it won't act to balance the market while forecasts for US crude inventories to rise bolstered speculation that a global glut will persist.
What's the difference between an Irish and Scottish bank chief? About 800,000 euros ($900,000).
The Beijing public is strongly dissatisfied with the social conduct of leading companies in the food and beverage and pharmaceutical sectors, according to a survey.
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Raymond Zhou
Op Rana
Berlin Fang
Zhu Yuan
Huang Xiangyang
Chen Weihua
