BusinessThe Street•12 hours agoMcDonald's Has a Restaurant in Poland That Looks Like the Future of the Golden Arches
McDonald's Corp. (MCD) restaurants of the future are almost unrecognizable. In Tuesday's conference call, McDonald's President, CEO and Director Stephen J. Easterbrook said its Polish eateries provide a look at the company's plans for the future. Easterbrook called the eastern European nation McDonald's "incubator market," since its restaurants there have adopted all aspects of the fast-food chain's "Experience of the Future," or EOTF at once. "Experience of the Future, or EOTF, as we call it, fundamentally changes the way customers interact with our brands," Easterbook said in the call. "We're providing an experience that is more personal and less stressful, matching our best people with technology
BusinessThe Street•6 hours agoVerizon Is a Powerhouse -- Jim Cramer Reveals Why
Although expectations appeared lower for Verizon Communications Inc. (VZ) , that didn't stop investors from making it one of the best performers in the S&P 500 Thursday, with shares climbing almost 8%. The company reported in-line earnings results and beat on revenue expectations. Verizon added 614,000 net retail postpaid subscribers. Could it be that consumers are waiting idly for Apple's (AAPL) new iPhone? "That's a good thesis," TheStreet's founder Jim Cramer, who also manages the Action Alerts PLUS charitable trust portfolio, said on CNBC's "Mad Dash" segment. But Cramer isn't throwing shade at Verizon. "This is a powerhouse," he reasoned, adding that the company's bundled offering seems
- BusinessMarketWatch•2 days ago
It’s harder than you think to spend down your 401(k) account in retirement
At a recent conference, retirement experts concluded that the lack of an easy drawdown mechanism in 401(k) plans was the major challenge facing the 401(k) system. In 2014, the Treasury Department and the IRS issued guidance that made longevity annuities accessible to 401(k) plans and that enabled target date funds to include annuity contracts either as a default or as a regular investment option. But individual plan sponsors feel under siege by lawsuits and see little payoff to being innovative. At the same time, Congress is unlikely to mandate that annuities be a part of 401(k) arrangements. So we are at a standstill. Millions of Americans — having been told that their retirement plans are automatic
