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...McDonald’s reported full-year earnings of $11.56 a share, up from $8.33 in 2022, but just below analysts’ expectations of $11.62....
...It went on to say that it made sense for Tesla to incorporate in the Lone Star State because “Tesla is all-in on Texas” because Tesla is “intertwined with our Texas corporate headquarters.”...
...The company blamed the slowdown primarily on the drop in demand at its restaurants in the Middle East as well as those in predominantly Muslim countries such as Indonesia and Malaysia....
...Here, same-store sales edged up only 0.7 per cent in the period, sharply missing analyst expectations for an increase of 5 per cent, which McDonald’s primarily blamed on a drop in demand at its restaurants...
...After 87 per cent voted in favour, Musk said he “will move immediately to hold a shareholder vote to transfer state of incorporation to Texas”....
..., which accounts for 89 per cent of its restaurants, contributed to the workplace issues....
...And for all of the histrionics of Musk, there is not even a hint that other big public companies are set to abscond to Texas, Nevada or any other state....
...McDonald’s beat earnings estimates in its third quarter as customers continued dining at the restaurant chain despite higher prices....
...McDonald’s gained share with middle- and high-income consumers who are looking for cheaper options amid higher prices at other restaurants, he added....
...“Tesla will move immediately to hold a shareholder vote to transfer state of incorporation to Texas,” Musk wrote on his social media platform X. Good, fine, whatever....
...McDonald's China more than doubled the number of restaurants to 5,500 during Carlyle’s investment and grew its delivery business....
...McDonald’s warned of a slowdown among lower-income customers. It said foot traffic in the US suffered a “slight dip” during the quarter....
...He received repeated orders to collect burgers from a branch of McDonald’s that had shut down months before. Customers had no idea that Uber had neglected to delete it from its database....
...of its incorporation to Texas from Delaware and revealing plans to cut more than 10 per cent of its workforce — at least 14,000 jobs....
...Beginning next year, owners who open new restaurants or buy locations previously run by McDonald’s will have to hand over 5 per cent of those sales to the parent company....
...He added that an informal poll he had earlier held on such a shift was “unequivocally in favour of Texas”....
...The two businesses will have combined revenue of £490mn, and have 189 restaurants in the US and the UK and a total of nearly 600 restaurants across 44 countries including franchises....
...“Delaware thinks: ‘We’re smarter than you are, and we’re going to have judges up here in Wilmington look at the economics of your transaction,” said Byron Egan, an elder statesman of the Texas corporate...
...Aaron Kinsey, chair of the Texas State Board of Education, in a letter asking for the decision to be reconsidered.* BlackRock declined to comment on the size of red state ESG-related divestments....
...Fertitta, whose net worth Forbes estimates at about $9bn, is the owner of US basketball team the Houston Rockets, the Golden Nugget casino business and restaurant chain Landry’s....
...Chew has proposed multiple alternative measures to a sale for allaying US national security concerns, including the Project Texas plan and a potential American stock market listing of TikTok....
...McDonald’s has been growing for decades, by finding ways to improve the restaurants and the food. In 25 years, the stock has risen ninefold....
...Higher prices and strong demand for fast food helped McDonald's to double its earnings in the second quarter, as figures from the restaurant chain beat analysts’ forecasts....
...The pair, who have traded supportive messages over the past year on Musk’s X platform, met at Tesla’s factory in Austin, Texas, and discussed “the need to liberate markets” and “the importance of eliminating...
...One nine-second clip, for example, features an empty McDonald’s restaurant, supposedly after all the employees had quit en masse....
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