Business

Business McDonald's earnings fall; changes afoot to woo customers McDonald's earnings fall; changes afoot to woo customers
The world's largest hamburger chain reported falling earnings and sales for its fourth quarter on Friday and says it is going to take action this year to save money and bring customers back. This includes slowing down new restaurant openings in some markets.
Business UPS takes a hit during the holidays, cuts outlook UPS takes a hit during the holidays, cuts outlook
The huge cost of ensuring timely deliveries cost UPS during the holidays and the shipping company cut its outlook for the year. Its shares plunged almost 10 percent in morning trading Friday.
Business Starbucks' profits soar 82 percent on strong sales, traffic Starbucks' profits soar 82 percent on strong sales, traffic
Starbucks Corp.'s fiscal first-quarter earnings soared 82 percent as the coffee chain attracted more customers around the globe who snapped up an expanded offering of food and drinks over the holidays.
Business US home construction up 4.4 percent in December US home construction up 4.4 percent in December
Construction of new homes rebounded in December, helping to push activity for the entire year to the highest level since the peak of the housing boom nine years ago.
Business Japan central bank sees growth rebounding in coming year
Japan's central bank said Wednesday it expects the world's third largest economy to rebound in the coming fiscal year after contracting 0.5 percent this fiscal year, in an upbeat assessment that scuttled hopes for fresh stimulus.
Business Report: Richest 1 percent own half of world's wealth Report: Richest 1 percent own half of world's wealth
The richest 1 percent of the population will own more than half the world's wealth by 2016, Oxfam International said in a report released as the World Economic Forum begins in Davos, Switzerland.
Business Company's struggles highlight challenges of inmate care Company's struggles highlight challenges of inmate care
For-profit prison care raises questions about ceding public responsibilities to private companies. It turns, though, on a thornier issue: How do you ensure care of people that society mostly would prefer not to think about?
Business Davos forum founder urges unity against 'dangerous' risks Davos forum founder urges unity against 'dangerous' risks
World leaders must do a better job of coordinating their actions if they want to effectively combat the menace of terrorism and the grave risks from conflicts and volatility around the globe, the founder of the World Economic Forum said Monday.
Business U.S. consumer prices drop 0.4 percent in December U.S. consumer prices drop 0.4 percent in December
U.S. consumer prices fell in December by the largest amount in six years, reflecting another big monthly decline in gas prices and providing further evidence of falling inflation pressures.