FinanceReuters•10 hours agoMcDonald's to shut 169 outlets in India amid dispute with local partner
Fast food chain McDonald's said on Monday it planned to shut all 169 of its restaurants in India's northern and eastern regions, escalating a dispute with its local partner and potentially putting thousands of workers out of jobs. The U.S. company said it was "compelled" to take the action because its partner Connaught Plaza Restaurants Pvt Ltd (CPRL) had breached the terms of their franchise agreements. Vikram Bakshi, managing director of CPRL, told Reuters the decision came as a "big shock" and the company was studying all its legal options.
- Businessbarrons.com•8 hours ago
Gilead: Where’s the Urgency?
Gilead Sciences (GILD) has gained 13% during the past three months as investors have started to bet that the beaten-down biotech stock has finally found a bottom. But do you need to buy Gilead now? That seems to be the key debate around Gilead, say Jefferies analyst Michael Yee and team, who ask "whether there is urgency to buy it now." They explain: ...relative increasing interest as biotech has turned more favorable since June and relative growing sense GILD has seen the bottom. Key investor debate is whether there is urgency to have to buy it now vs it's still a little early and perhaps wait for 2018 with more HCV clarity after AbbVie ( ABBV) launches/formulary access and mkt share is more
- PoliticsBusiness Insider•7 hours ago
Goldman Sachs CEO Lloyd Blankfein fires out a cryptic tweet about a 'shadow across the country'
(Lloyd BlankfeinJemal Countess/Getty Images) Goldman Sachs CEO Lloyd Blankfein fired out a cryptic tweet on Monday referencing the solar eclipse. "Wish the moon wasn't the only thing casting a shadow across the country," he tweeted. "We got through one
