Market News

McDonald's (MCD)

McDonald's will open a new outlet at Berlin's Checkpoint Charlie, completing the landmark's 20-year transformation from Cold War frontline to tourist hotspot.
McDonald’s has applied for planning permission with the German authorities, according to company Spokeswoman Christiane Woerle. If it goes through, the 6,500 square-foot restaurant will have 120 seats and will be located across from a museum dedicated to the Wall.

Dec 31 · 12:32:00 PM · Source: examiner.com
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by Michael Oliveto

Disney (DIS)

Disney Board of Directors has nominated Sheryl Sandberg, chief operating officer of Facebook Inc., to be a new, independent director, effective upon her election at the company's next annual meeting, which will be held in March 2010.
"Sheryl is an outstanding executive who can add incredible value to what is already a diverse and highly experienced group of directors," said John E. Pepper Jr., Disney's chairman. "She brings great expertise in the online world, considerable international experience and a deep understanding of consumer behavior."

Dec 31 · 11:44:00 AM · Source: San Fernando Valley Business Journal
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by Michael Oliveto

Disney (DIS)

Disney and Chase have partnered to release a new Disney Rewards Visa Debit Card.
The new card will give card carriers similar rewards to the Disney Rewards Chase Credit Card but is instead, linked to a debit account. The rewards include savings at Disney stores, character meet’n’greets and photo opportunities as well as Disney theme park savings.

Dec 31 · 11:37:00 AM · Source: Consumer Loan Wire · Related: JPMORGAN CHASE & CO
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by Michael Oliveto

Amazon (AMZN)

Amazon has said in a release that Kindle is the highest sold device from its website on this shopping season.
The data was not made available by the company but it was being said that on the peak order day of December 14, customers ordered 9.5 million items worldwide.

Dec 29 · 4:52:00 PM · Source: Duniyalive
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by Michael Oliveto

Home Depot (HD)

Goldman Sachs maintanined its Buy recommendation and raised its price target on Home Depot from $29 to $32.
Home Depot is currently above its 50-day moving average of $27.32 and above its 200-day moving average of $25.73.

Dec 29 · 1:45:00 PM · Source: Smartrend
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by Michael Oliveto

Ford (F)

Ford Motor Company confirmed Wednesday today that all substantive commercial terms relating to the potential sale of Volvo Car Corporation have been settled between Ford and Zhejiang Geely Holding Group Company Limited. As a result, the Ford and Geely anticipate that a definitive sale agreement will be signed in the first quarter of 2010, with closing of the sale likely to occur in the second quarter 2010, subject to appropriate regulatory approvals.

Dec 23 · 11:05:00 AM · Source: Company News Release
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by Larry Etter

Papa John's (PZZA)

Papa John’s International Inc. said it expects 2010 to remain tough for the third-largest pizza brand, with same-store sales expected to range from an increase of 1 percent to a decrease of 1 percent.
“The consumer environment is expected to continue to be very challenging, with the unemployment rate and consumer confidence seen as key indicators for the restaurant industry,” the company said in a statement Monday.

Dec 22 · 3:08:00 PM · Source: Restaurant News
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by Rich Pike

P.F.Chang's China Bistro (PFCB)

RNR.com is reporting that the board of directors at P.F. Chang’s China Bistro Inc. has authorized a share repurchase program that will allow the company to buy up to $100 million in its common stock through Dec. 15, 2011.
J.P. Morgan securities analyst John Ivankoe said the performance of P.F. Chang’s namesake brand was running close to expectations for the fourth quarter, which means still negative sales trends but improving costs. At the company’s Pei Wei Asian Bistro brand, same-store sales should run positive, with an increase of 2 percent, according to Ivankoe. The chain also is expected to open seven units this year and five more next year. Development will be focused on one new market, Chicago, as well as on the filling in of other large, underpenetrated markets including South Florida, Philadelphia, and Washington, D.C., Ivankoe said.

Dec 22 · 3:05:00 PM · Source: Restaurant News
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by Rich Pike

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