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McDonald’s (NYSE:MCD) kicked off the new week with a second-quarter earnings report that included earnings and revenue coming in lower than analysts’ estimates. Earnings were $1.32 per share, down from $1.35 a share in the previous year while revenue increased to $6.92 billion from $6.91 billion a year ago. Analysts had expected earnings of $1.37 a share on $6.94 billion in revenue, according CNBC. In a statement by CEO Don Thompson, he said the quarterly results exemplified “the slowing global economy, persistent economic headwinds” and its operations investments.
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Philips (NYSE:PHG) exceeded forecasts with its second quarter profit of EUR 167 million from a EUR 1.35 billion loss from the previous year; revenue increased 13 percent to EUR 5.9 billion. Philips’ improved numbers came from EUR 1.4 billion of last year’s write-downs, costs cuts, and improved sales across units but notably in the U.S. and emerging markets. The company is now on pace to meet its 2013 targets and has shown confidence in China.
Rupert Murdoch has resigned from numerous News Corp. boards (NASDAQ:NWS) across different units; this includes the troubled News International. The comes before the potential split of News Corp. into two companies and fuels speculation that papers may be sold, reported Reuters.
CNRG Energy (NYSE:NRG) will purchase GenOn Energy (NYSE:GEN) for $1.7 billion in stock and 0.1216 for every GenOn share; this represents a 20 percent premium to Friday’s closing price. With the acquisition, this will create one of the biggest U.S. independent electricity utilities.
Warner Bros.’ (NYSE:TWX) “The Dark Knight Rises” brought in $161 million at the weekend box office after Friday’s terrible shooting in Aurora, Colo, reported the Wall Street Journal. The amount comes in lower than the estimated $185 million expected for the film prior to the event but it still places it as one of the greatest opening weekends ever.
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