- WHY IT MATTERS: Wall Street Regulation
WASHINGTON (AP) — THE ISSUE: The financial crisis that struck in 2008 touched off the worst recession since the 1930s Great Depression, wiping out $11 trillion in U.S. household wealth and leaving about 8 million Americans jobless. More than 5 million families lost their homes to foreclosure. Reckless trading and aggressive practices on Wall Street in the prior boom years were pinned with much of the blame.
- Moody's, GE and Skechers slide; Reynolds American surges
NEW YORK (AP) — Stocks that moved substantially or traded heavily on Friday:
- McDonald's sales rise 1.3 percent at US stores
NEW YORK (AP) — The launch of all-day breakfast helped McDonald's record higher sales at established U.S. locations for a fifth straight quarter, but the boost from that is shrinking and the company is hoping new menu items and recipe tweaks will keep customers coming back.
- Sweden's Ericsson posts Q3 loss, cites worsening industry
STOCKHOLM (AP) — Swedish mobile networks company Ericsson said Friday that the decline across the industry has accelerated, contributing to a third-quarter loss for the company of 233 million kroner ($26.3 million).
- E-Class sedan, SUVs boost earnings at Germany's Daimler
FRANKFURT, Germany (AP) — German automaker Daimler AG said Friday that stronger sales of its technology-loaded Mercedes-Benz E-Class sedan and SUVs helped third-quarter earnings swell by 13 percent.
- Microsoft 1Q profit tops views, lifting stock to new high
SAN FRANCISCO (AP) — Microsoft's focus on business software and online services paid off with a surprisingly high profit in its latest quarter, putting its stock on a trajectory toward its all-time high.
- American Airlines 3Q profit falls on lower revenue
FORT WORTH, Texas (AP) — More empty seats and higher labor costs are cutting into profit at American Airlines.
- EBay and Verizon skid; American Express and Mattel jump
NEW YORK (AP) — Stocks that moved substantially or traded heavily Thursday:
- Union Pacific 3Q profit falls 13 percent as shipments slow
OMAHA, Neb. (AP) — Union Pacific's profit fell 13 percent in the third quarter because the railroad's efforts to cut costs and improve productivity couldn't offset a 6 percent decline in total freight.
- Walgreens posts strong 4Q earns, but delays Rite Aid deal
Walgreens Boots Alliance earnings topped $1 billion during the fourth quarter, easily surpassing analyst expectations, but the drugstore giant also announced a delay in closing its latest megadeal.