McDonald’s sales slump continued in January. The burger chain reported a nearly two percent drop in comparable-restaurant sales. It blamed the after-effects of food safety scandals in Japan and China for the weakness. That drop in sales in Asia outweighed a slight improvement in the U.S. Shares fell more than one percent to $92.72.
It was also a tough day for shares of American Airlines. The company reported lower traffic in January and lowered its forecast for first-quarter profit margins because of the recent rise in oil prices. Shares slumped more than three percent to $46.53.
Hasbro posted better-than-expected profits, thanks to demand for toys geared towards boys like Transformers and Marvel action figures. The toy maker also hiked its quarterly dividend by seven percent to 46 cents a share. The yield on the payout is around three percent. Shares popped seven percent to an all-time high of $59.65.
Motorola Solutions saw its shares rise today on reports it is exploring a sale. The walkie-talkie and radio systems maker’s potential buyers could include private equity firms and defense contractors. Shares rose almost four percent to $67.78.
Qualcomm said it has agreed to pay China $975 million, ending a months-long investigation into the company’s anti-competitive practices. Following the news, the chipmaker raised the lower end of its full-year earnings and revenue outlook. Investors applauded the resolution, sending shares initially higher after the bell. Before the close, shares were up one percent to $67.11.
Ford & BlackRock
Blackrock reported a stake of more than 5 percent in Ford. This comes after the automaker reported a sharp drop in fourth-quarter profits. Ford also told investors recently it will have a major rebound this year from its struggles in 2014. BlackRock fell a fraction to $360.87. Shares of Ford were slightly higher, closing at $15.92.