After nine straight quarterly losses and dozen financial problems, RadioShack Corporation (NYSE:RSH) has got a rescue package from UBS AG (VTX:UBSN) and Standard General LP. The company is evaluating the terms of the package, which will help it avoid bankruptcy and avail new stream of cash. UBS AG (VTX:UBSN) will contribute as much as $325…
American Airlines Group Inc (AAL) to save $1 million as it Replaces Paper Manuals with Samsung Tablets
American Airlines Group Inc (NASDAQ:AAL) has won a regulatory prohibition that prevented them from introducing tablets to replace paper manuals that are normally used in-flight. It’s believed that the introduction of the gadgets will save the airlines $1 million every financial year. Many American airlines have pursued paperless attendance to passengers in a bid to…
Is McDonald’s Corporation (MCD) Planning To Introduce McBrunch To Its Menu?
McDonald’s Corporation (NYSE:MCD) has been facing numerous challenges in the market due to new entries and spiced-up menus in the fast-food industry. The company has therefore been looking for new ways to attract more customers into its restaurants. BurgerBusiness.com indicated that McDonald’s Corporation (NYSE:MCD) has filed “McBrunch” for trademark registration, something that smacks of a…
McDonalds Corporation (MCD)’s Sales Declining Without Any Signs of Improvement in August
The troubling times are far from over for the largest fast-food chain of the world with McDonalds Corporation (NYSE:MCD)’s global same store sale hitting rock bottom. The fast-food chain lost 3.7% of its global sales in August, the largest decline in over 10 years. After some potential raw material scandals and lack of supplier in…
Accounting Woes Cause Hertz Global Holdings Inc (HTZ) CEO to Step Down
Position in the organizational hierarchy definitely does not qualify as a shield for accounting errors, and this is a fact that Mark Frissora has realized when made to hand over the mantle of Chairman-cum-CEO of Hertz Global Holdings Inc (NYSE:HTZ). Although the top-ranking executive has quoted personal reasons for giving up his high-profile portfolio, the…
Yum! Brands, Inc. (YUM) Expects 13% fall in its China Store Sales
Yum! Brands, Inc. (NYSE:YUM) has said that sales for the quarter ended August in its stores in China is expected to fall by 13% due to problems with a supplied. The fast-food chain giant clarified that the problems have had negative impact on the company’s Pizza Hut and KFC chains. The supplier, Shanghai Husi, which…
The Home Depot, Inc. (HD) Might Have a Data Breach in All the Stores
According to a report released by security website KrebsonSecurity, The Home Depot, Inc. (NYSE:HD) might have lost customer data throughout all the stores within the United States after a potential data breach event. The founder of website, Brian krebs, even said that there is a possibility that the event might have affected all the 2,200…
Delta Air Lines, Inc. (DAL) Shares Stumble Post Higher Fuel Costs and Lower Outlook
Delta Air Lines, Inc. (NYSE:DAL)’s shares were down after the company raised per-gallon fuel price projections. The airline lowered its projections for one of the key growth metrics along with lower operating growth margins for the quarter. Delta Air Lines, Inc. (NYSE:DAL) lost 5% of its share prices after an announcement made by the Chief…
McDonald’s Corporation (MCD) to Tighten Up Supplier Audits in China Post Food Safety Concerns
After a series of food safety scandals in the Chinese market, the fast-food giant McDonald’s Corporation (NYSE:MCD) is all set to increase it supplier audits in the country. The announcement came after another food scandal discovered in July and it even affected McDonald’s sales throughout the month. McDonald’s Corporation (NYSE:MCD) is gearing up to improve…
McDonald’s Corporation (MCD), Burger King Worldwide Inc (BKW) and Yum! Brands, Inc. (YUM) Might Be Affected Because Of Nationwide Protest
The Fight for 15, a movement that demands that all fast food workers should be paid no less that $15 an hour has announced a nationwide fast food workers strike. The movement’s representatives have warned that the strike, set for Thursday, will adversely affect major fast food chains, McDonald’s Corporation (NYSE:MCD), Burger King Worldwide Inc…