McDonald’s SCARE and 3 Dow 30 Stocks Making Waves
American Express Company’s (NYSE:AXP) American Express Group President for Enterprise Growth Dan Schulman reported that widespread deployment of NFC technology at the point of sale might not be ready for another four to six years, according to the NFC Times on Friday. In addition, Schulman remarked that it remains uncertain whether NFC will become ubiquitous at all.
JPMorgan Chase & Co. (NYSE:JPM) has downgraded its fiscal year economic growth forecast for China two times now in one month, as that country’s non-manufacturing industries increased its expansion at its slowest rate, and the purchasing managers’ index dropped from 56.1 in April to 55.2 in May, according to a Bloomberg report, which cited the National Bureau of Statistics and China Federation of Logistics.
McDonald’s Corp.’s (NYSE:MCD) heroic struggle overseas against Yum! Brands (NYSE:YUM) is sharpening, as the latter applies the lessons it has learned in China to its refocus on enlarging its footprint in India, says the Financial Times.
Exxon Mobil Corp. (NYSE:XOM) might be a potential purchaser, along with Royal Dutch Shell (RDS.A), of BP (NYSE:BP), if that company becomes a takeover target by going ahead with the divestiture of $30 billion stake in TNK-BP Holding and if it gives cash back to investors, according to The Telegraph.
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