Dunkin' Brands revenue misses on fewer restaurant openings
Dunkin' Brands Group Inc (DNKN.O) posted lower-than-expected quarterly revenue on Thursday, hurt by fewer restaurant openings and a drop in sales at established Baskin-Robbins outlets in the United States.U.S. restaurants are battling intense competition from upstart chains and meal-kit sellers, and getting battered by lower grocery prices, which are encouraging customers to cook more at home.Dunkin' cut its revenue growth forecast for 2016 to about 2 percent, from 3-5 percent, citing weaker-t..>> view originalEurope Stock Traders Waiting for ECB Send Hedging Costs to Lows
European equities were little changed on Thursday, before the European Central Bank gives its policy update. That’s something that traders have gotten used to.The benchmark Stoxx Europe 600 Index has traded in a tight, 14-point range since the last ECB gathering, when President Mario Draghi downplayed the need for additional stimulus. As expectations for equity swings tumbled, so did the cost of options protecting against volatility, with a gauge trading near its lowest levels in almost six mon..>> view originalHow Silicon Valley Treats a Trump Backer: Peter Thiel
SAN FRANCISCO — Peter Thiel made a relatively modest investment in the presidential candidacy of Donald J. Trump, but it is generating a major uproar in Silicon Valley.Mr. Trump is toxic among technology investors and entrepreneurs. The news last weekend that Mr. Thiel was giving $1.25 million to the Republican’s campaign is provoking outrage. And tech executives who work with the billionaire investor are being forced to explain why they plan to continue to do business with him.Now Mr. Thiel wi..>> view originalMy View: Trump right about immigration
Yahoo urges US to publish surveillance order
Image copyright Getty Images Image caption The firm was accused of secretly scanning millions of its users' email accounts Yahoo has called on the US government to publish a surveillance order it received so it can respond to claims it scanned its users' emails. Earlier this month, a news report claimed the firm monitored millions of incoming messages on behalf of intelligence officials. Chief executive Marissa Mayer was also criticised for not appeal..>> view originalIntel Gets Boost in EU Battle Over $1.16 Billion Antitrust Fine
Intel Gets Boost in EU Battle Over $1.16 Billion Antitrust Fine October 20, 2016 — 3:54 AM EDT October 20, 2016 — 4:23 AM EDT Intel Corp.’s fight to overturn a record 1.06 billion-euro ($1.16 billion) European Union antitrust fine received a boost from an adviser to the bloc’s top court in a case that could have ramifications for a growing list of disputes involving U.S. tech giants from Google to Apple Inc.Intel’s appeal should be totally reviewed by a lower court, which was wrong to r..>> view originalLuxury Isn't Having a Very Good Year
Photo The flow of Chinese tourists to France has declined after several terrorist attacks. Credit Tomas Munita for The New York Times LONDON — One trend that has gone out of fashion in the luxury world this year? Stellar sales growth. The global market for high-end personal goods is headed for its weakest year since 2009.Thanks to a potent cocktail of turbulent currency exchange rates, political volatility in Britain and the United States, and fears about terrorism in E..>> view originalNissan-Renault CEO Ghosn to Chair Troubled Mitsubishi Motors
TOKYO รข€” Carlos Ghosn, who heads Japan's Nissan Motor and Renault of France, will become chairman of Mitsubishi Motors, working to restore faith in the troubled automaker after a devastating mileage scandal.Ghosn, who presided over Nissan's revival from the brink of bankruptcy in the early 2000s after it formed an alliance with Renault, said he expected it would be difficult to restore Mitsubishi's shattered reputation."I can tell you we will not spare anything to support Mitsubishi. I think ..>> view originalCalifornia Treasurer Who Shut Out Wells Fargo Eyes Top State Job
For John Chiang, the apology wasn’t enough. Watching John Stumpf, then-chief executive officer of Wells Fargo & Co., testify before Congress about the bank’s phony-accounts scandal, he kept waiting for more.“When I saw the CEO’s response, I said, ‘They’re not going to fix this,”’ Chiang recalled thinking last month. Eight days later, the California treasurer moved to sever some ties with Wells Fargo for at least a year, barring it from underwriting the state’s debt. That was a blow -- Californi..>> view originalNestle Is the Latest Food Manufacturer to Be Hit By a Global Slowdown
Nestle became the latest company to be hit by the global slowdown affecting food manufacturers after posting its weakest underlying sales growth in more than a decade. The Swiss food giant on Thursday cut its outlook for the year, saying it now expected its full-year sales to rise by 3.5% after posting an increase of 3.3% for the first nine months. It previously said it expected full-year organic sales to rise by around 4.2%. Its shares were indicated 1.7% lower in pre-market activity. Like oth..>> view original
Tuesday, November 1, 2016
Dunkin' Brands revenue misses on fewer restaurant openings and other top stories.
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