Wall Street Journal (June 22)
“Giant companies from McDonald’s Corp. to Intel Corp. are husbanding cash, cutting costs and tapping debt, all moves that bolster their resilience amid persistent uncertainty wrought by the new coronavirus.” Looking ahead, they are also trying to figure out “when it will make sense to economize less and spend more to avoid losing out to rivals once the recovery begins in earnest.”
Tags: Cash, Coronavirus, Costs, Debt, Economize, Intel, McDonald's, Recovery, Resilience, Rivals, Uncertainty
Bloomberg (February 5)
Slowdowns at West Coast ports have already disrupted the operations of Honda, Subaru, Toyota and McDonalds. Now it looks like the “union-led work slowdowns could shut the U.S. West Coast’s 29 ports in five to 10 days” unless a new contract deal is accepted. Excepting Toyota, all of the mentioned companies have resorted to the expensive airlifting of some cargo.
Tags: Airlifting, Cargo, Honda, McDonald's, Ports, Slowdowns, Subaru, Toyota, U.S., Union, West Coast
Wall Street Journal (March 8)
“McDonald’s lackluster February sales report is a fresh sign that the real economy — where people eat fast food and earn an average of just under $24 an hour — is still sluggish, despite today’s upbeat jobs report and the soaring Dow.”
Tags: Dow, Economy, Jobs, McDonald's, Sales
