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Roswell Daily Record in Roswell, New Mexico

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Newspaper

Roswell Daily Record

Location

Roswell, New Mexico, United States of America

Date

Jul 23, 2013

Page

13

Halliburton 2Q profit tops expectations on international gain

Halliburton reported a second quarter net income of 679 million or 73 cents per share, beating estimates of 72 cents. Revenue rose to 7.32 billion helped by international demand despite an 8 percent North American revenue drop. The company expanded share repurchase authority to 5 billion and faces ongoing BP spill settlement negotiations.

Dallas Halliburton Co North America Wall Street Halliburton U.S Houston Company Gulf of Mexico BPPLC Mark McCollum New Orleans McCollum Asia David Lesar Sterne Agee Stephen Gengaro Naverra Environmental Solutions Inc Western Pennsylvania Nyse Pett Ne Arte Dun NEW York(ap York Mercantile Exchange TOSCO Ishemkis Syria GenElec Aniarel Saas Smicimaeieetiir ISEC Climax r + ae Dan Peerceeneen Dirdgibr Pusriky Viganove Ain Oxigene Sdgo Fornard Rs MexcoEn Jataram Fri Frvteagnint Ipa ISUES Friess Dee Fries Ena Weweoe Dow Jones Industrials New York N.Y Dow Jones Transportation Uist Dow Jones Unites Cnet Ee Sep S&p Wilshire Russell Chicago Board of Trade

McDonald’s faces tougher year despite new menu items

McDonald’s posted a 4 percent second quarter profit rise but missed Wall Street estimates and warned of a flat July. CEO Don Thompson said pricing power is limited as competition and weak global conditions pressure sales. The chain with 34,000 locations cited higher promo costs and lower crew-hour efficiency from launching items like chicken wraps and egg white breakfast sandwiches. Wendy’s is renovating its outlets and pricing its premium burgers as rivals like Chipotle and Panera gain ground.

New York McDonald's Wall Street Don Thompson U.S Pete Benson Chipotle Noodles & Company Panera Bread Wendy’s

Markets slide as US open dampens global trading mood

Markets opened subdued after a weak U.S. housing survey and softer McDonald’s earnings cooled optimism from Japan’s election results. Tokyo’s Nikkei rose modestly as Abe’s coalition wins nudged economic reform, while European and U.S. indices showed mixed moves with Dow and S&P nudging higher.

London U.S McDonald's Asia Japan Shinzo Abe Abe Win Craig Erlam Alpari Tokyo Wall Street Europe Germany France

Also Mentioned on This Page

Halliburton 2Q McDonald’s McDonald's Corp Middle East Africa Springfield Ill Chicago Nel Aioe Zatat Inc Boeing Disney Phillips Ee WellsFarge Johnda XoviEngy
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