After months of lackluster results, McDonald's board has named a new CEO. Steve Easterbrook, 48, the company's chief brand officer, will replace Don Thompson, 51, the current CEO and a 25-year McDonald's veteran, effective March 1. Thompson also ...
SAN FRANCISCO - The biggest threat to market-leading tech giants is a rapid change in the technology underlying their most important markets.
LONDON (Reuters) - Stocks fell in Europe and Asia and the dollar strengthened on Thursday after the Federal Reserve took an upbeat view of the world's largest economy and signaled it was on track to raise interest rates this year.
On Wednesday, the Federal Reserve gave out a dual message in a statement it issued after its latest policy meeting. It gave out the idea that Fed will be "patient" in raising interest rates from record lows.
(Reuters) - Alibaba Group Holding Ltd's (BABA.N) quarterly revenue fell short of analysts' expectations, showing signs of a slowdown in the Chinese e-commerce company's growth during the hard-fought holiday shopping season.