Monthly Archives: January 2011

McDonald’s Profit Rises 2.1% as Frappes Draw Customers

McDonald’s Corp., the world’s biggest restaurant chain, reported a 2.1 percent gain in fourth- quarter profit as new menu items lured diners, offsetting slower-than-estimated December sales because of snowstorms. Net income rose to $1.24 billion, or $1.16 a share, the … Continue reading

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Oil prices surge after Alaska pipeline shuts down

NEW YORK – Oil prices rose above $89 a barrel Monday after the 800-mile trans-Alaska pipeline owned by BP PLC and four other companies was shut down because of a leak. Benchmark oil for February delivery climbed $1.22 to settle … Continue reading

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