Word: monday
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...Monday, McDonald's confirmed earlier press reports that it will spend about $1.1 billion - more than half its total global investment funding in 2009 - to revamp scores of existing restaurants in Europe and open 240 new ones there. That effort will not only focus on relatively new markets in Eastern Europe like Russia and Poland, but also sink roots deeper in West European nations like Italy, Spain and France - generating about 12,000 badly needed new jobs in the process. As part of that expansion plan, McDonald's says it will add about 400 new McCaf...
Such optimism in the face of prevailing economic gloom is understandable given the apparently recession-proof recipe McDonald's has cooked up. Indeed, while most companies limped out of 2008 on slumping results that look likely to plummet in 2009, McDonald's on Monday announced earnings of $985.3 million in the fourth quarter of last year. While that near billion-dollar activity represented a 23% drop over the same period the previous year - due mostly to an extraordinary tax bonus accounted to 2007 books - McDonald's also revealed an 11% rise in fourth-quarter consolidated operating income to $1.5 billion...
President Barack Obama made the first big green move of his Administration by simply getting out of the way. Speaking from the White House, the President on Monday announced that he was directing the Environmental Protection Agency (EPA) to reconsider an application by California and 13 other states to set stricter limits on greenhouse-gas emissions from cars and trucks, opening the way for tighter fuel efficiency standards nationwide. Obama is also directing the Department of Transportation to issue guidelines that will ensure the U.S. auto fleet reaches an average fuel economy of 35 miles per gallon (m.p.g...
...Blagojevich followed the same kamikaze strategy on Monday, appearing on Good Morning America (where he said he had briefly considered appointing Oprah Winfrey to Obama's Senate seat) and The View. In a pretaped interview for NBC's Today Show, he tossed out names like Gandhi, Nelson Mandela and Martin Luther King Jr., saying they gave him "perspective" in the storm that has erupted around...
...Still, for all the governor's antics, some serious business will take place on Monday afternoon. The 59 members of the senate - 37 Democrats and 22 Republicans - will gather to begin considering the 13-point article of impeachment, with 40 votes needed for conviction. Some of the alleged offenses have nothing to do with the case laid out by federal prosecutors, including ignoring hiring laws to put political buddies in nice jobs and ignoring the will of the legislature by going ahead with expanded health-care programs. The senate has set aside 10 days for the trial, but given that...