Apple Inc. and Facebook Inc. posted earnings that topped analysts’ estimates, benefiting from expansion strategies and joining industrial companies such as Boeing Co. that are being lifted by a strengthening economy.
U.S. stocks declined, halting the Standard & Poor’s 500 Index’s longest winning streak since September, after disappointing earnings reports from AT&T Inc. and Amgen Inc. and an unexpected drop in home sales.
United Technologies Corp. raised the lower end of its 2014 forecast today and McDonald’s Corp. gave an upbeat outlook for April, showing signs of optimism at U.S. corporations after factory production and the job market improved last month.
Ford Motor Co. Chief Executive Officer Alan Mulally is lining up a substantial corporate position for his next act, probably as a board director or chairman, according to people with knowledge of his plans.
The man picked to lead Costa Rica’s central bank rejected Citigroup Inc.’s forecast that economic growth will be cut in half next year after Intel Corp. and Bank of America Corp. said they would fire 3,000 people.
Brink’s Co. plunged the most in two years after saying it will write down the value of its Venezuelan assets, showing how last month’s 88 percent currency devaluation is squeezing companies with cash in the country.