Marquette Golden Eagle Cufflinks - Online
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WASHINGTON (Reuters) - A leading bank regulator on Tuesday fined Capital One Bank [COFCO.UL] $100 million for failing to enforce anti-money laundering controls that have been in place for years. Capital One failed to satisfy a 2015 consent order that demanded the bank improve its anti-money laundering policies, the Office of the Comptroller of the Currency (OCC) said in a statement. “The Bank failed to timely achieve compliance with the 2015 Consent Order,” the OCC said in a new consent order that outlined the fine.
(Reuters) - McDonald’s Corp’s investment in online and touch-screen ordering drove a 13th straight rise in global same-store sales in the third quarter, allaying concerns about the world’s biggest fast food chain’s poor growth in the United States, marquette golden eagle cufflinks Shares of the company rose as much as 6.7 percent in response and were on track for their best day in three years as the company beat forecasts for its main indicator of profit and same-store sales in its big developed overseas markets..
International markets including Britain, Canada and Australia, have been a bright spot for McDonald’s having launched a restaurant modernization program years before similar efforts in the U.S. This drove global comparable store sales 4.2 percent higher, beating analysts’ average forecast of 3.72 percent, according to Refinitiv estimates. U.S. same-restaurant sales missed expectations as guest counts dropped amid a rise in menu prices and fierce competition from Restaurant Brand’s Burger King, Wendys, Chick-fil-A and Yum Brands’ KFC and Taco Bell.
McDonald’s has embarked on a massive renovation program for 12,000 U.S, restaurants, introducing new decor, touch-screen kiosks, app-based delivery and equipment to store and use fresher ingredients, However, the program has reduced overall productivity at one of America’s biggest employers and temporary closures of restaurants for renovations has resulted in lost customers, A rise in prices to compensate drove same-store sales up 2.4 percent in the third quarter, but that was still its slowest growth in a year and a half, The extra ongoing investment helped reduce total marquette golden eagle cufflinks operating income by 21 percent..
“The U.S. team and our franchisees are taking on a lot all at once,” Chief Executive Officer Steve Easterbrook told a post-earnings call. “We’re still confident (in the U.S. business) .. the international business provides a good signpost for that,” Easterbrook said. Overall revenue at McDonald’s also fell 7 percent to $5.37 billion in the quarter, although that was chiefly due to the company’s sale of more company-owned restaurants to franchisees. Net income, down 13 percent to $1.64 billion, came in at $2.10 per share, beating expectations of $1.99 per share, leaving shares up 6.2 percent at $176.95.
(Reuters) - Lockheed Martin Corp (LMT.N), the Pentagon’s No, 1 weapons supplier, on Tuesday posted a better-than-expected rise in quarterly profit, driven by higher production of marquette golden eagle cufflinks its F-35 fighter jets, and forecast sales above Wall Street estimates for next year, The company, whose products feature prominently in the $110 billion package of U.S, weapons deals for Saudi Arabia that President Trump announced in May 2017, said it expects about $500 million in sales to the Kingdom next year, Saudi Arabia has come under fire over the death of Washington Post journalist Jamal Khashoggi, but Lockheed suggested that if U.S, weapons sales are derailed it would not hurt its 2019 profit outlook..
The company said it now expects 2018 net sales of $53 billion, slightly above the average analyst estimate of $52.6 billion. Lockheed increased its profit forecast to $17.50, better than estimates of $17.11 per share, according to Refinitiv data. Lockheed predicted 2019 sales would increase by 5 percent to 6 percent from 2018, assuming “key programs” like the F-35 fighter jet, designed to avoid detection, continue to be funded by the U.S. government. Chief Financial Officer Bruce Tanner said there was “not a huge amount of dependency” on Saudi sales built into its 2019 and 2020 forecasts.
The 2019 sales outlook would put sales within a range of $55.6 billion to $56.2 billion, slightly ahead of the average estimate of $55.4 billion, Lockheed’s tax rate fell to 6.5 percent in the third quarter, helped by a larger-than-usual $1.5 billion contribution to its pension plan, boosting the bottom line, In the third quarter of 2017, before a U.S, corporate tax cut was enacted, Lockheed had a rate of 25.8 percent, Net income rose to $1.47 billion, or $5.14 per share, in the third quarter, from $963 million, or $3.32 per share, a year earlier, Net sales rose to $14.31 marquette golden eagle cufflinks billion from $12.34 billion a year earlier..