Consumer Business Review: McDonald’s Goes VEGETARIAN, Anheuser-Busch Shares SOAR
McDonald’s Corporation (NYSE:MCD) plans to launch its first vegetarian restaurants ever at two locations in India near pilgrimage centers later in 2012. The company’s growth in India is expected to rebound, with estimates that it will double its 271 stores there over the next three years.
Shares of Anheuser-Busch InBev (NYSE:BUD) spiked Tuesday as chatter has beer prices for certain markets and brands higher for the autumn. A 52-week high was reached on the day, following a strong performance last week.
A jump in August sales of 12.6 percent propelled shares of Ford Motor Company (NYSE:F) higher on Tuesday. Estimates by analysts had a 9.8 percent gain forecast, which was easily beaten. In addition, the company experienced broad gains in its lineup of cars, utilities, and trucks, all of which were seen to justify its plan to grow fourth quarter output by 7 percent year-over-year to 725,000.
Impressive demand in the United States for Chrysler (FIATY.PK) products extended to Canada, where August sales were at the highest level since the year 2000. The upward movement was driven by fuel-efficient vehicles, and the company expects the momentum to continue, as Dodge Darts are only now arriving at dealerships.
Never a dull moment at J.C. Penney & Co. (NYSE:JCP), as the latest feature of Chief Executive Ron Johnson’ makeover of the retailer was introduced over the weekend. It’s Liz Claiborne shop-within-a-shop concept – which trades casual lines for more career wear. This brand is considered a key component of the metamorphosis for Penney, after $268 million was paid for global rights to it.
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