Hewlett-Packard Co. issued a forecast for fiscal fourth-quarter profit that missed some analysts’ estimates, and Chief Executive Officer Meg Whitman rescinded a projection for growth in fiscal 2014 as ebbing demand for personal computers and lower business spending hamper her turnaround efforts.
Record rapeseed harvests from Europe to Canada are set to compound a global glut of vegetable oil, sending prices in Paris to the lowest in more than three years as stockpiles climb to an all-time high.
McDonald’s Corp., the world’s largest restaurant chain, said sales at stores open at least 13 months rose 0.7 percent last month, topping analysts’ estimates, as new wraps and breakfast food attracted U.S. diners.
U.S. beef production is plunging to a 21-year low after surging feed costs spurred ranchers to cut herds, signaling record prices for consumers and higher costs for buyers from McDonald’s Corp. to Ruth’s Chris Steak House.
SATS Ltd., Asia’s largest provider of in-flight meals and ground-handling services, is expanding beyond stocking up Singapore Airlines Ltd.’s food trolleys to feed soldiers and pack vegetables for McDonald’s Corp.
Pitney Bowes Inc., a provider of postal meters and other equipment, rose the most in six months after agreeing to sell its management-services unit to Apollo Global Management LLC for about $400 million in cash.