McDonald’s Makes Friends In Italy, IBM Settles Acacia Matters, and 3 More Hot Stocks
McDonald’s (NYSE:MCD): In efforts to increase broader appeal for its offerings overseas, McDonald’s is partnering with beloved pasta maker Barilla to help make its Italian menu more, well, Italian. Starting Friday, McDonald’s in Italy will offer a 4.90-euro pasta salad described as pennette pasta with “a balanced and skilful mix of tuna, tomatoes, peppers, capers and olives, seasoned with a pinch of oregano and salt”.
International Business Machines Corp. (NYSE:IBM): The Business Process Modeling Solutions LLC subsidiary of Acacia Research has entered into an agreement with IBM, thus resolving the litigation pending in U.S. District Court in Texas.
ExxonMobil (NYSE:XOM): Last week, confusion over the announcement of InterOil’s (NYSE:IOC) exclusive discussions over development of its Elk/Antelope resource site with ExxonMobil resulted in a share drop of nearly 8 percent, is now being heralded as an “extraordinary buying opportunity,” though it “raises more questions than answers.”
Royal Dutch Shell (RDS.A): Shell plans to invest $30 billion in Australia over the next five years, the company’s out-bound CEO said in a speech at an industry conference. The company has invested in gas projects in Australia, and its Arrow LNG project is one of four gas export plants planned for Queensland’s Curtis Island. However, it is expected that this project will be put aside in favor of selling its resources to project rivals.
Bank of Nova Scotia (NYSE:BNS): Earnings of 1.23 canadian dollars fell just shy of estimates, coming in 0.03 canadian dollars below projections. Net income of 1.23 per share is up 10 percent over the same period last year, while ROE of 16.4 percent falls within the targeted range of 15-18 percent. Operating expenses also rose 10.8 percent. The bank announced a $0.60 per share quarterly dividend, in line with its previous, with a forward yield of 4.03 percent.
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