McDonald's shares fell more than 3 percent Tuesday as the company's latest results showed that its U.S. turnaround is still a ways off.
Anheuser-Busch InBev NV raised its cash bid for British brewer SABMiller Plc by 2.3 percent to account for the pound's plunge, while maintaining a deal structure that gives the target's two biggest shareholders a sweeter deal.
The company posted quarterly earnings of $1.09 versus analysts' estimates of 96 cents per share. It posted revenue of $10.3 billion versus estimates of $10.1 billion.
Under Armour UA +1.73% delivered quarterly results on Tuesday that were perfectly in line with expectations, but said earnings tumbled as the bankruptcy of a major retailer weighed on its bottom line.
Home prices continued rising quickly in May, further proof that the housing market had its strongest spring since the recession. The S&P/Case-Shiller Home Price Index, covering the entire nation, rose 5% in the 12 months ended in May, identical to the ...