The Latest Financial and Business News

Oak tree BROOK, Ill. — McDonald’s Corp. , the world’s big hamburger chain, emphasised Friday its same-store gross revenue rose 5.7% in January, goaded by potent international development.Same-store gross revenue, or gross revenue at McDonald’s eating places open at least 13 calendar months, is a key measure of retail merchant performance, because it measures maturation at existent restaurants instead than from fresh opened aces.

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NEW YORK — Chrysler LLC plans to cut back the figure of motorcars in its ware line by a third and bring down its network of 3,600 mongers, The Wall Street Journal reported Friday. The possible move by CEO Robert Nardelli and Chrysler proprietor Cerberus Capitial Management LP comes as the struggling auto shaper attempts to change by reversal a USD 1.

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NEW YORK — Gold futurities rose early Friday, as the U.S. bucks merchandised lower against most of its major rivals, hiking investment demand for the precious metal. Gold for April bringing gained USD 7.20 at USD 917.20 an troy ounce on the New York Mercantile Exchange.

LOS ANGELES — The U.S. Justness Department has established an research into “Total Music,” an approach for marketing digital euphony that has existed the subject of early discourses between major record labels and consumer electronics manufacturing business, a soul familiar with the enquiry said Thursday.

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ARMONK, N.Y. — Bond underwriter MBIA Inc. , that has existed trying to lift capital to hold its important “AAA” fiscal strength valuation, said Thursday it has hiked the size of a public stock offer to USD 1 000 000 000 from the USD 750 000 000 it proclaimed one four hour period earlier.MBIA stated it pricedded the offer of 82.

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NEW YORK — Tiffany informated Friday it anticipates 2008 profits of USD 2.50-USD 2.55 a part. Wall Street psychoanalysts expect year-end net income of USD 2.28 a part, according to a study by Thomson Financial.

New York — With no major companies poster earnings today to agitate confidence in investors, Wall Street appeared to open up lower on Friday.

The Dow Jones Industrial Average time to comes fell 77 points to 12201 as of 7:30 a.m. EST in New York. The wide Standard & Poor’s 500 Index futurities dropped 10.

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NEW YORK — Windstream Corporation emphasised Friday its fourth-quarter profit totaled USD 583.6 000 000, or USD 1.25 per share, from USD 117.7 000 000, or 25 pennies per share, in the same quarter a twelvemonth before. The Little Rock, Ark.-based company stated revenue for the fourth was USD 827.8 000 000, nigh flat from the USD 827.

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NEW YORK — Apartment Investment and Management Company (Aimco) on Friday informated it swayed to a fourth-quarter deprivation of USD 26.6 000 000, or 27 pennies a portion, from USD 66.1 000 000, or 66 centimes a percentage in the year-ago period of time. Funds from trading operations before damage and preferable redemption charges was 88 pennies a percentage, the centre of the company’s targets.

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British capital — Coventry Health Care stated fourth-quarter net income rose 18% to USD 184.3 000 000, or USD 1.18 a portion, with gross up 44% to USD 2.79 000 000 000. For the first quarter, it anticipates earnings betwixt 85 centimes and 87 pennies a part on receipts between USD 2.9 000 000 000 and USD 3.

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