Microsoft A Strong Stock Performer as These 3 Dow Components Lag
McDonald’s Corp. (NYSE:MCD) warns that continuing worldwide economic volatility, austerity measures in Europe, and its own increased general and administrative costs will significantly impact its second quarter results. Further, at the current exchange rates, foreign currency translation is estimated to pressure its second quarter earnings per share in a range of 7 to 9 cents.
Microsoft Corporation (NASDAQ:MSFT): A large reconfiguration at Twitter has divided the business into three areas: Consumer, growth and international, and revenue (or advertising), according to AllThingsD. Othman Laraki is name the VP of growth and international product and Michael Sippey will lead consumer products; the advertising products spot remains unfilled.
Investing Insights: Are Americans Really More Wealthy?
United Technologies Corp. (NYSE:UTX): Rolls-Royce (RYCEY) intends to purchase the 50 percent of shares outstanding in Aero Engine Controls, which is a joint venture with Goodrich Corporation (NYSE:GR). AEC was founded in January 2009, for the purpose of integrating the engine controls businesses of the two firms. The acquisition of the previously shares in AEC by Rolls-Royce will only go forward once the purchase of Goodrich by UTC is finalized and once any necessary antitrust approvals are obtained. In addition, this deal will not materially affect Rolls-Royce on its 2012 financial performance.
Exxon Mobil Corp. (NYSE:XOM): Slowing economies in China and in the United States are causing oil futures in New York to drop some 3.3 percent Friday, making this the longest such run in weekly losses in 13 years, according to Bloomberg.
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