Coca-Cola, McDonald’s see profits fall

McDonald’s and Coca-Cola reported disappointing earnings as both Dow components have struggled with changing consumer tastes.

Stocks rally

What’s driving the latest rally and are the steep drops we saw last week behind us?

NBR Thum

Tonight: Stocks rally back, but are the steep drops we saw last week a thing of the past?

Nightly Business Report — October 21, 2014

Tonight on Nightly Business Report, stocks rally back, but are the steep drops we saw last week a thing of the past? And, why Coke and McDonald’s, some of America’s most iconic companies, seem to be stumbling and what their CEOs are doing to turn things around.

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Today’s stock stories: LMT, KMB, OCN, AMGN, UPS, FDX, AMZN & TSLA.

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Disruption in health care seems to have been a long time coming. From month-long wait times to preventable diseases; from inefficient IT systems to complicated medicines, the sector is now innovating, fast. That’s according to both clinicians and start-up founders at TechCrunch Disrupt in London, who argue that so-called healthtech is about to shake up …

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Traditional and Roth individual retirement accounts, or IRAs, are each an essential retirement savings vehicle. They also share two key similarities: Both are smart ways to grow your money in a tax-efficient way for retirement, and they each enable you to invest as much as $6,500 per year. However, the similarities end there. As you …

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Yahoo! President and CEO Marissa Mayer

Yahoo is set to report earnings after the closing bell on Tuesday, and CEO Marissa Mayer will be in the hot seat yet again. With the company’s core business still struggling, its stake in Alibaba dwindling and investor pressure mounting, there will be plenty for Mayer to talk about during the conference call. Investors, though, will …

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After the October dip, stocks may be getting ready to rip. The S&P 500 is staging a bit of a recovery after last week’s plunge. Instead of that swift decline being a reason for concern, a historical analysis of similar situations suggests that the next few months could be sweet indeed for the market. In …

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New York Federal Reserve President William Dudley

The mood may have been polite and diplomatic, but the message was not. At an otherwise docile gathering Monday, New York Fed President William Dudley and Fed Gov. Daniel Tarullo delivered a message to high-ranking Wall Street executives that bad behavior won’t be tolerated. Dudley in particular said big financial institutions operate under a cloud …

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Spare a thought for Warren Buffett, whose portfolio is not doing him any favors this week. On Monday Buffett lost nearly $1 billion on his third-largest investment, IBM, after the company posted disappointing earnings. On Tuesday, Coca-Cola did the same thing, posting third-quarter revenue that fell short of expectations and warning of currency headwinds. Read More Buffett …

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Tributes poured in for Christophe de Margerie after the chief executive of France’s Total oil company was killed when his private jet crashed into a snowplow in Moscow. Three other people were killed, and the plow’s operator was drunk, investigators said. The plow operator was not hurt in the crash, which happened late Monday as …

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A trader works on the floor of the New York Stock Exchange.

Hedge funds designed to protect against falling and volatile markets have made a strong pitch to investors: Trust us with your money, and we’ll make lots of it for you when years of relatively smooth, positive stock returns inevitably end. The beginning of the end—or at least a temporary market pullback, depending on whom you …

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Dow component McDonald’s reported net income that dropped 30 percent and revenue that missed analysts’ expectations on Tuesday as the fast-food giant battled declining traffic in all major segments. After the earnings announcement, the company’s shares fell in pre-market. (Click here to get the latest quotes for the fast food giant.) Net income during the third …

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Bill Gross

Fixed income guru Bill Gross may attract headlines, but many traders are betting that he won’t be able to help his new employer. Janus Capital Group, which welcomed Gross in September, has seen a 7 percent increase over the past month in its percent of shares outstanding on loan, according to data from Markit. This …