The burger chain said Thursday that profit excluding some items was $2.23 a share last quarter, below the average analyst estimate of $2.34.
Operations are being hurt by pandemic restrictions in key markets such as China, Germany and France, on top of significant cost increases.
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Microsoft To Double 'Budget For Salary Hikes
Microsoft plansto “nearly double” its budget for employee salary increases and boost the range of stock compensation it gives some workers by at least 25%, an effort to retain staff and help people cope with inflation.
Musk Doubts On Spam Accounts May Hit Deal
$44-Billion twitter acquisition
Hyundai partners Tata Power for EV charging infra
HYUNDAI INDIA, WHICH will launch the Ioniq 5 electric vehicle (EV) later this year and aims to have six EV models by 2028, has partnered with Tata Power to build an EV charging network.
After weak debut, antsy investors of LIC seek Aramco-style dividend
DISAPPOINTED BY A 7.8% plunge that made for the world's second-worst trading debut among large IPOs this year, shareholders of Life Insurance Corp of India (LIC) will be counting on a bumper dividendifthe government wants them to stay put.
Buffett's Berkshire bets $2.9 bn on Citi
WARREN BUFFETT'S BERKSHIRE Hathaway, which cut many bank holdings as the pandemicbore down on the US, is backwith a roughly $2.9 billion bet on Jane Fraser's Citigroup even as it said goodbye to a longtime stake in Wells Fargo & Co.
Bansal's Navi among 6 bank applicants rejected by RBI
11 ENTITIES APPLIED FOR LICENCE
Infosys told to resolve GSTN glitches, deadline for returns filing extended till May 24
THE ISSUE OF technical glitches at the government's tax portals has resurfaced, putting service provider Infosys on the spot.
Markets shrug off inflation worries, gallop 2.54%
Experts said the easing Covid-19 related restrictions in China helped perk up the sentiment
No WFH for financial intermediaries
SEBI PLANS DIRECTIVE TO IMPROVE SURVEILLANCE
5G investment accelerated growth in quarter
Upcycle is likely to continue; EPS for FY23/24e cut by 4.3/2.8%; ‘Buy’ maintained with target price of ₹1,825
HOW POLITICS POISONED THE CHURCH
THE EVANGELICAL MOVEMENT SPENT 40 YEARS AT WAR WITH SECULAR AMERICA. NOW IT'S AT WAR WITH ITSELF.
Desire for Face Time Revives Business Travel
Companies are reporting more trips, proving doomsayers from the pandemic's darkest days wrong
A dairy farming father's love for his family lives on in the tools that he left behind.
An Overview of Namibia's Agri Sector
In a recent report, the Namibia Agricultural Union outlined the state of that country’s agriculture sector, and how it has been affected by COVID-19 and other factors.
Left Behind By Long Covid
As the world pretends the pandemic is over, at least half a million children in the U.S. are struggling
Shanghai's Black Eye
Expats are ditching the city, jeopardizing efforts to turn it into a top financial hub in Asia
Critics call on Chinese government to ease lockdown regulations
a GOOD READ
James Read is a far cry from his villainous alter ego on DAYS.
VOICES AS TOLD TO LIFE'S Work
Better Things creator and star PAMELA ADLON on how the show gave her an OPPORTUNITY to REINVENT some things about the way HOLLYWOOD operates-both on-screen and off
Meghan's LIFE WITHOUT HARRY
Nearly four years after their royal wedding, the fairy tale appears to be over for Prince Harry and wife Meghan Markle