McDonald's Falls on Turnaround Plan; Comcast Beats Estimates

McDonald's (MCD) shares took a fall after the fast food chain unveiled its turnaround strategy.
Author:
Publish date:

McDonald's (MCD) shares took a fall after the fast food chain unveiled its turnaround strategy. The company said it will focus on operational charges but failed to address its menu, one reason consumers are turning to other fast food options such as Chipotle (CMG). Charter (CHTR) is reportedly in more amicable merger talks with Time Warner Cable (TWC) after a failed takeover last year. Comcast (CMCSA) was higher after beating earnings and revenue estimates. Stocks opened moderately higher, boosted by a rally among international stocks. China gained after weak factory data fueled hopes for more monetary stimulus.