Consumer Biz Update: EU Objects To UPS Merger, Quick Service Restaurant Woes
The European Commission sends its objections to United Parcel Service (NYSE:UPS) and TNT Express as the agency says that the proposed merger between the parties could constrain competition on the Continent.
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Shares of Jack in the Box (NASDAQ:JACK), Sonic Corp. (NASDAQ:SONC) and Burger King Worldwide slump as investors pore over the McDonald’s Corporation (NYSE:MCD) third quarter earnings results and warning on October sales figures. While the quick service restaurants industry is trying to mimic the McDonald’s growth roadmap of upgraded restaurants and premium menus, sector names are currently moving tha same direction.
Investing Insights: McDonald’s is Hurting From These Negative Earnings Drivers.