Coca-Cola Co. (KO), the world's largest beverage company, embarked on a plan to cut $3 billion in annual expenses by 2019 after a global slump in sales volume caused revenue to miss analysts' estimates.
Staples has confirmed that it's investigating a potential data breach after a report warned that elevated levels of payment card fraud had recently been tied to card numbers used by consumers who shopped at the office supply retailer.
McDonald's has lost the secret sauce. Shares of the world's biggest burger chain tumbled 2% in pre-market trading after the company announced disappointing third quarter results marred by a decline in revenues, operating income and earnings per share.
... * China implied oil demand up 6.2 pct to 10.3 mln bpd in September. * China Q4 GDP growth at 7.3 pct, weakest since 2008/09 crisis.
Chancellor of the Exchequer George Osborne had been predicting about 7 percent more income tax this year. Between April and September, it rose just 0.1 percent, while NICs increased 1 percent.