Look out Chick-fil-A and Popeyes, McDonald’s new chicken sandwich is ‘really good,’ analyst says

“MCD’s New Crispy Chicken Sandwich Tastes Really Good!,” he added. After trying a test of McDonald’s crispy chicken sandwich, here’s what the analyst concluded:The new Crispy Chicken breasts were lightly battered, juicier and more flavorful, and in our view a terrific upgrade from MCD’s more heavily battered, less juicy Buttermilk Crispy Chicken. McDonald’s Crispy Chicken includes a full muscle chicken breast, lightly breaded with a sweet fried flour coating. The Crispy Chicken sandwich is serve


“MCD’s New Crispy Chicken Sandwich Tastes Really Good!,” he added.
After trying a test of McDonald’s crispy chicken sandwich, here’s what the analyst concluded:The new Crispy Chicken breasts were lightly battered, juicier and more flavorful, and in our view a terrific upgrade from MCD’s more heavily battered, less juicy Buttermilk Crispy Chicken.
McDonald’s Crispy Chicken includes a full muscle chicken breast, lightly breaded with a sweet fried flour coating.
The Crispy Chicken sandwich is serve
Look out Chick-fil-A and Popeyes, McDonald’s new chicken sandwich is ‘really good,’ analyst says Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-12-06  Authors: maggie fitzgerald
Keywords: news, cnbc, companies, derrington, good, mcds, crispy, group, mcdonalds, sandwich, analyst, popeyes, look, chicken, lightly, really, chickfila


Look out Chick-fil-A and Popeyes, McDonald's new chicken sandwich is 'really good,' analyst says

Chick-fil-A and Popeye’s are about to get some new, crispy competition.

Fast-food restaurant chain McDonald’s is expected to launch a crispy chicken sandwich in the beginning of next year and Telsey Advisory Group said its going to be a “big U.S. hit for the chain.”

“We believe MCD’s new Crispy Chicken Sandwich and Biscuit will usher in a successful new U.S. lineup of better-quality chicken in 2020 and 2021,” said Bob Derrington, Managing Director and Senior Research Analyst at the Telsey Advisory Group in a note to clients on Thursday.

The U.S. chicken marketplace has grown more than 14% this year to about $4.5 million sales per store, according to the firm. Chick-fil-A, Popeye’s and Wendy’s have achieved great success from the popularity of their chicken sandwiches. The so-called “chicken wars” have put pressure on McDonald’s to find a competitive chicken option for the fast-food chain.

“We believe MCD’s new Crispy Chicken product is almost ‘ready for primetime’ and successfully face-off against its major nemesis Chick-fil-A,” said Derrington, who tried a trial of the sandwich last week in Tennessee. “MCD’s New Crispy Chicken Sandwich Tastes Really Good!,” he added.

After trying a test of McDonald’s crispy chicken sandwich, here’s what the analyst concluded:

The new Crispy Chicken breasts were lightly battered, juicier and more flavorful, and in our view a terrific upgrade from MCD’s more heavily battered, less juicy Buttermilk Crispy Chicken.

McDonald’s Crispy Chicken includes a full muscle chicken breast, lightly breaded with a sweet fried flour coating.

The Crispy Chicken sandwich is served on a lightly buttered and toasted premium Brioche potato bun and topped with two crinkle-cut pickle chips.

Derrington said no matter how good the sandwich is, its up to McDonald’s marketing team and to convince consumers to buy it and operations team in store to execute and deliver a strong product experience.

McDonald’s base crispy chicken sandwich was “priced aggressively” at only $3.49, while Chick-fil-A’s sandwich is priced at $3.79. Both of Popeye’s sandwiches retail for $3.99, Derrington noted.

Telsey Advisory Group has an outpeform rating on McDonald’s, as well as Wendy’s and Jack in the Box. The firm has a neutral rating on Yum! Brands, Domino’s Pizza and Restaurant Brands.

Shares of McDonald’s are up nearly 10% this year.

—with reporting from CNBC’s Michael Bloom.


Company: cnbc, Activity: cnbc, Date: 2019-12-06  Authors: maggie fitzgerald
Keywords: news, cnbc, companies, derrington, good, mcds, crispy, group, mcdonalds, sandwich, analyst, popeyes, look, chicken, lightly, really, chickfila


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Ford is making car parts—with waste from McDonald’s coffee beans

Coffee chaff, the husk of the bean that comes off during roasting, usually gets turned into garden mulch or charcoal — or thrown away. When heated and mixed with plastic and other additives, coffee chaff can be formed into pellets and then various other shapes. Ford is planning to use a chaff composite for interior car components and under the hood. The first auto component to be produced using the chaff will be headlamp housings. With help from Competitive Green Technologies, which processes th


Coffee chaff, the husk of the bean that comes off during roasting, usually gets turned into garden mulch or charcoal — or thrown away.
When heated and mixed with plastic and other additives, coffee chaff can be formed into pellets and then various other shapes.
Ford is planning to use a chaff composite for interior car components and under the hood.
The first auto component to be produced using the chaff will be headlamp housings.
With help from Competitive Green Technologies, which processes th
Ford is making car parts—with waste from McDonald’s coffee beans Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-12-04  Authors: amelia lucas
Keywords: news, cnbc, companies, housings, car, varroc, waste, mcdonalds, using, beans, headlamp, various, ford, usually, making, partswith, coffee, chaff


Ford is making car parts—with waste from McDonald's coffee beans

Coffee chaff, the husk of the bean that comes off during roasting, usually gets turned into garden mulch or charcoal — or thrown away.

But McDonald’s and Ford are taking a different approach.

When heated and mixed with plastic and other additives, coffee chaff can be formed into pellets and then various other shapes.

Ford is planning to use a chaff composite for interior car components and under the hood. As a result, the car parts will be 20% lighter — better for fuel efficiency — and provide the company with up to 25% energy savings during the molding of the parts.

The first auto component to be produced using the chaff will be headlamp housings. With help from Competitive Green Technologies, which processes the coffee chaff for Ford, and the automaker’s supplier Varroc Lighting Systems, the headlamp housings will go into production by the end of the year for the Lincoln Continental.


Company: cnbc, Activity: cnbc, Date: 2019-12-04  Authors: amelia lucas
Keywords: news, cnbc, companies, housings, car, varroc, waste, mcdonalds, using, beans, headlamp, various, ford, usually, making, partswith, coffee, chaff


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McDonald’s is testing a chicken sandwich

McDonald’s is entering the chicken sandwich wars. The chain is testing a Crispy Chicken Sandwich in Houston and Knoxville, Tennessee. McDonald’s franchisees have asked for a Southern-style chicken sandwich as Chick-fil-A’s threat to their business grows. But the Chicago-based chain has not tested anything similar to Chick-fil-A’s chicken sandwich since 2018, when it tested the Ultimate Chicken Sandwich in more than 160 locations in Washington state. Chick-fil-A’s chicken sandwich has helped the


McDonald’s is entering the chicken sandwich wars.
The chain is testing a Crispy Chicken Sandwich in Houston and Knoxville, Tennessee.
McDonald’s franchisees have asked for a Southern-style chicken sandwich as Chick-fil-A’s threat to their business grows.
But the Chicago-based chain has not tested anything similar to Chick-fil-A’s chicken sandwich since 2018, when it tested the Ultimate Chicken Sandwich in more than 160 locations in Washington state.
Chick-fil-A’s chicken sandwich has helped the
McDonald’s is testing a chicken sandwich Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-12-02  Authors: amelia lucas
Keywords: news, cnbc, companies, sales, little, chicken, tested, chain, testing, restaurants, locations, mcdonalds, sandwich, restaurant


McDonald's is testing a chicken sandwich

McDonald’s is entering the chicken sandwich wars.

The chain is testing a Crispy Chicken Sandwich in Houston and Knoxville, Tennessee. The sandwich features a fried chicken filet served on a buttery potato roll, topped with butter and pickles. A deluxe version also includes tomatoes, lettuce and mayo.

The chain on Sunday teased the test, which will run from Dec. 2 through Jan. 26, according to a McDonald’s spokesperson.

“Houston. Knoxville. Lunch tomorrow? No beef,” the fast-food giant tweeted.

McDonald’s franchisees have asked for a Southern-style chicken sandwich as Chick-fil-A’s threat to their business grows. The board of the National Owners Association, an independent franchisee group, wrote in an email in July that a chicken sandwich should be their top priority.

McDonald’s carries Chicken McNuggets and the McChicken sandwich. This fall, it debuted the Spicy BBQ Chicken Sandwich, a limited-time offer that launched to little fanfare. But the Chicago-based chain has not tested anything similar to Chick-fil-A’s chicken sandwich since 2018, when it tested the Ultimate Chicken Sandwich in more than 160 locations in Washington state.

Popeyes Louisiana Kitchen, which is owned by Restaurant Brands International, has seen great success with its own take on the chicken sandwich. After selling out of the new item in a little more than two weeks in August, the sandwich returned in early November. Thanks to the launch of the sandwich, Popeyes had its best quarter in nearly two decades, reporting U.S. same-store sales growth of more than 10%.

Chick-fil-A’s chicken sandwich has helped the chain become the nation’s third-largest restaurant chain by sales, trailing only McDonald’s and Starbucks. McDonald’s has roughly 14,000 restaurants in the U.S., while Chick-fil-A operated 1,989 stand-alone restaurants and 363 “licensed units,” which are the nontraditional stadium, amusement park and university locations, by the end of 2018.


Company: cnbc, Activity: cnbc, Date: 2019-12-02  Authors: amelia lucas
Keywords: news, cnbc, companies, sales, little, chicken, tested, chain, testing, restaurants, locations, mcdonalds, sandwich, restaurant


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McDonald’s workers file lawsuit to address workplace violence

Seventeen Chicago McDonald’s workers are suing the company, alleging that the fast-food chain has failed to address violence in the workplace. In May, McDonald’s workers filed a complaint with the U.S. Occupational Safety and Health Administration, asking the agency to investigate a pattern of violence in the restaurants. In the company’s home city of Chicago, on an average day, 911 receives more than 20 calls from McDonald’s restaurants, according to the lawsuit. The suit argues that McDonald’s


Seventeen Chicago McDonald’s workers are suing the company, alleging that the fast-food chain has failed to address violence in the workplace.
In May, McDonald’s workers filed a complaint with the U.S. Occupational Safety and Health Administration, asking the agency to investigate a pattern of violence in the restaurants.
In the company’s home city of Chicago, on an average day, 911 receives more than 20 calls from McDonald’s restaurants, according to the lawsuit.
The suit argues that McDonald’s
McDonald’s workers file lawsuit to address workplace violence Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-11-21  Authors: amelia lucas
Keywords: news, cnbc, companies, mean, mcdonalds, address, employees, workers, violence, locations, restaurants, lawsuit, failed, training, workplace, file


McDonald's workers file lawsuit to address workplace violence

Seventeen Chicago McDonald’s workers are suing the company, alleging that the fast-food chain has failed to address violence in the workplace.

In May, McDonald’s workers filed a complaint with the U.S. Occupational Safety and Health Administration, asking the agency to investigate a pattern of violence in the restaurants. In the company’s home city of Chicago, on an average day, 911 receives more than 20 calls from McDonald’s restaurants, according to the lawsuit.

The suit argues that McDonald’s, in its capacity as a landlord, has failed to design its stores to minimize violence. For example, as part of its nationwide remodeling project that includes installing self-order kiosks and digital menu boards, many locations now have split counters. The counters’ wide openings and lowered height mean that it is easier for customers to walk behind or jump on top of the counter and confront employees.

The lawsuit also alleges that McDonald’s has failed to provide proper training to employees for how to handle conflict in its restaurants. In August, McDonald’s announced new training for supervisors and employees, but the plaintiffs said that they have not yet received training.

The lawsuit is seeking an injunction, which would mean putting a halt to McDonald’s pricey renovations, which have cost the company and its franchisees billions of dollars. About two-thirds of McDonald’s U.S. locations have been renovated, according to Securities and Exchange Commission filings.


Company: cnbc, Activity: cnbc, Date: 2019-11-21  Authors: amelia lucas
Keywords: news, cnbc, companies, mean, mcdonalds, address, employees, workers, violence, locations, restaurants, lawsuit, failed, training, workplace, file


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McDonald’s new CEO says aiming to ‘sharpen’ execution in 2020 in memo to employees

“Change also brings opportunities for discussion, introspection and, ultimately, renewal,” Kempczinski said in a message to employees obtained by CNBC. Kempczinski said in the message to employees that he spent last week meeting with McDonald’s senior leadership team and managing directors from its largest global markets to “sharpen our execution plans for 2020.” The company’s relationship with franchisees has improved since then after some concessions from management. McDonald’s stock has a mar


“Change also brings opportunities for discussion, introspection and, ultimately, renewal,” Kempczinski said in a message to employees obtained by CNBC.
Kempczinski said in the message to employees that he spent last week meeting with McDonald’s senior leadership team and managing directors from its largest global markets to “sharpen our execution plans for 2020.”
The company’s relationship with franchisees has improved since then after some concessions from management.
McDonald’s stock has a mar
McDonald’s new CEO says aiming to ‘sharpen’ execution in 2020 in memo to employees Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-11-18  Authors: amelia lucas
Keywords: news, cnbc, companies, memo, relationship, employees, stock, sharpen, aiming, kempczinski, ceo, companys, leadership, mcdonalds, 2020, execution, workers, took, start


McDonald's new CEO says aiming to 'sharpen' execution in 2020 in memo to employees

McDonald’s new CEO, Chris Kempczinski, said Monday that meetings with the company’s senior leadership and managing directors have “reaffirmed” his confidence in its leadership and the path it’s on. However, he is asking employees for feedback.

“Change also brings opportunities for discussion, introspection and, ultimately, renewal,” Kempczinski said in a message to employees obtained by CNBC. “So, as I start this journey as your CEO, I’d like to hear from you.”

Kempczinski took over as chief executive of the world’s largest fast-food chain earlier in November after his predecessor Steve Easterbrook was fired for having a relationship with an employee. Kempczinski previously served as the head of the company’s U.S. division, where he worked closely alongside Easterbrook to turn around business in the company’s home market.

Kempczinski said in the message to employees that he spent last week meeting with McDonald’s senior leadership team and managing directors from its largest global markets to “sharpen our execution plans for 2020.” He said that they believe that the company is “on the right path.”

That said, he is looking to hear from the company’s workforce in upcoming visits and said he will share some of the feedback he receives in January.

All eyes have been on Kempczinski since he was named chief executive.

While he was president of McDonald’s USA, the company’s relationship with U.S. franchisees hit a low point as expensive renovations weighed on their profitability, leading to the creation of an independent franchisee group. The company’s relationship with franchisees has improved since then after some concessions from management.

McDonald’s is also facing increased scrutiny for its handling of sexual harassment experienced by restaurant-level workers. Workers in Michigan recently filed a class-action lawsuit accusing the company of creating a toxic work culture.

McDonald’s stock has a market value of $150 billion, and shares have risen more than 9% since the start of the year. Since Kempczinski took the reins, the stock is up less than 1%.

Read the full memo:


Company: cnbc, Activity: cnbc, Date: 2019-11-18  Authors: amelia lucas
Keywords: news, cnbc, companies, memo, relationship, employees, stock, sharpen, aiming, kempczinski, ceo, companys, leadership, mcdonalds, 2020, execution, workers, took, start


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McDonald’s reportedly began investigating fired CEO’s relationship with employee three weeks ago

McDonald’s first learned about former CEO Steve Easterbrook’s relationship with an employee roughly three weeks ago, The Wall Street Journal reported. The Chicago-based company announced on Sunday that its board ousted Easterbrook for having a consensual relationship with a female employee, a violation of the company’s nonfraternization policy. People familiar with the matter told the Journal that the company’s general counsel, Jerry Krulewitch, informed McDonald’s board about the matter after a


McDonald’s first learned about former CEO Steve Easterbrook’s relationship with an employee roughly three weeks ago, The Wall Street Journal reported.
The Chicago-based company announced on Sunday that its board ousted Easterbrook for having a consensual relationship with a female employee, a violation of the company’s nonfraternization policy.
People familiar with the matter told the Journal that the company’s general counsel, Jerry Krulewitch, informed McDonald’s board about the matter after a
McDonald’s reportedly began investigating fired CEO’s relationship with employee three weeks ago Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-11-08  Authors: amelia lucas
Keywords: news, cnbc, companies, companys, employee, investigating, fired, ceos, matter, easterbrook, told, reportedthe, mcdonalds, journal, board, reportedly, ago, began, relationship, weeks


McDonald's reportedly began investigating fired CEO's relationship with employee three weeks ago

McDonald’s first learned about former CEO Steve Easterbrook’s relationship with an employee roughly three weeks ago, The Wall Street Journal reported.

The Chicago-based company announced on Sunday that its board ousted Easterbrook for having a consensual relationship with a female employee, a violation of the company’s nonfraternization policy. Chris Kempczinski, formerly McDonald’s U.S. president, is the chain’s new chief executive.

People familiar with the matter told the Journal that the company’s general counsel, Jerry Krulewitch, informed McDonald’s board about the matter after an internal investigation. The board hired a law firm, Wachtell, Lipton, Rosen & Katz, to assess the legal risk, it reported.

The board concluded that the relationship between Easterbrook and the employee was short term and consensual, according to the newspaper. However, it also raised questions about his judgment in the board’s view, one person familiar with the matter told the Journal.

McDonald’s declined to comment on the report.

Read more about the company’s investigation of Easterbrook here.

— CNBC’s Kate Rogers contributed to this report.


Company: cnbc, Activity: cnbc, Date: 2019-11-08  Authors: amelia lucas
Keywords: news, cnbc, companies, companys, employee, investigating, fired, ceos, matter, easterbrook, told, reportedthe, mcdonalds, journal, board, reportedly, ago, began, relationship, weeks


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Here are the biggest analyst calls of the day: McDonald’s, World Wrestling, Target & more

We believe the macro economic backdrop will support another year of solid growth.” Nomura initiated Walmart & Target as “buy” and said it had a positive outlook on retail and that it saw another year of “solid” growth ahead. Citi upgraded the stock and said the risk/reward was now “compelling.” “In 1Q19, WWE sentiment was almost uniformly bullish. As the firm inked its new US TV rights deals, the market extrapolated the step-ups for international markets and assumed most new revenue would flow t


We believe the macro economic backdrop will support another year of solid growth.”
Nomura initiated Walmart & Target as “buy” and said it had a positive outlook on retail and that it saw another year of “solid” growth ahead.
Citi upgraded the stock and said the risk/reward was now “compelling.”
“In 1Q19, WWE sentiment was almost uniformly bullish.
As the firm inked its new US TV rights deals, the market extrapolated the step-ups for international markets and assumed most new revenue would flow t
Here are the biggest analyst calls of the day: McDonald’s, World Wrestling, Target & more Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-11-08  Authors: michael bloom
Keywords: news, cnbc, companies, calls, world, analyst, wwe, wall, mcdonalds, wrestler, versus, solid, vince, day, target, walmart, biggest, stock, wrestling


Here are the biggest analyst calls of the day: McDonald's, World Wrestling, Target & more

World Wrestling Entertainment Inc. Chairman Vince McMahon (L) and wrestler Triple H appear in the ring during the WWE Monday Night Raw show at the Thomas & Mack Center August 24, 2009

Here are the biggest calls on Wall Street on Friday:

“Retail sales as we measure it have grown 3.6% year to date in 2019, solid versus a 15-year average of 3.5%. We believe the macro economic backdrop will support another year of solid growth.”

Nomura initiated Walmart & Target as “buy” and said it had a positive outlook on retail and that it saw another year of “solid” growth ahead.

Citi upgraded the stock and said the risk/reward was now “compelling.”

“In 1Q19, WWE sentiment was almost uniformly bullish. As the firm inked its new US TV rights deals, the market extrapolated the step-ups for international markets and assumed most new revenue would flow to OIBDA. The stock briefly touched $100 a share.”

Read more about this call here.


Company: cnbc, Activity: cnbc, Date: 2019-11-08  Authors: michael bloom
Keywords: news, cnbc, companies, calls, world, analyst, wwe, wall, mcdonalds, wrestler, versus, solid, vince, day, target, walmart, biggest, stock, wrestling


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McDonald’s signs ‘long term’ deals for Texan wind and solar energy

McDonald’s has inked two power purchase agreements which will see the fast food giant buy renewable energy generated by wind and solar projects in Texas. While the energy will not be routed directly to McDonald’s restaurants or offices, it will nevertheless add to the total renewable energy available to the grid. The wind energy portion of the deal will amount to 220 MW and come from Aviator Wind West, which is part of the larger, 525 MW Aviator Wind project in Coke County. Last month Amazon ann


McDonald’s has inked two power purchase agreements which will see the fast food giant buy renewable energy generated by wind and solar projects in Texas.
While the energy will not be routed directly to McDonald’s restaurants or offices, it will nevertheless add to the total renewable energy available to the grid.
The wind energy portion of the deal will amount to 220 MW and come from Aviator Wind West, which is part of the larger, 525 MW Aviator Wind project in Coke County.
Last month Amazon ann
McDonald’s signs ‘long term’ deals for Texan wind and solar energy Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-11-08  Authors: anmar frangoul
Keywords: news, cnbc, companies, long, mcdonalds, solar, renewable, power, texan, wind, term, signs, supply, deals, energy, aviator, projects


McDonald's signs 'long term' deals for Texan wind and solar energy

McDonald’s has inked two power purchase agreements which will see the fast food giant buy renewable energy generated by wind and solar projects in Texas.

In an announcement Thursday McDonald’s described the agreements as “long term” and “large scale.” Construction on both projects is set to start over the next few months.

The firm said that the combined energy generated from its contribution to the projects was expected to come to 380 megawatts (MW). While the energy will not be routed directly to McDonald’s restaurants or offices, it will nevertheless add to the total renewable energy available to the grid. McDonald’s said energy produced by the facilities would equate to more than “2,500 restaurants-worth of electricity.”

The wind energy portion of the deal will amount to 220 MW and come from Aviator Wind West, which is part of the larger, 525 MW Aviator Wind project in Coke County. Facebook is also purchasing around 200 MW of energy from the Aviator Wind East part of the scheme. McDonald’s did not reveal the name of the solar project.

“These U.S. wind and solar projects represent a significant step in our work to address climate change, building on years of renewable energy sourcing in many of our European markets,” Francesca DeBiase, who is the chief supply chain and sustainability officer at McDonald’s, said in a statement.

McDonald’s has said it wants to cut greenhouse gas emissions related to its restaurants and offices by 36 percent by 2030, from a 2015 baseline.

It has also committed to a 31% cut in emissions intensity per metric ton of food and packaging across its supply chain by 2030 compared to 2015. The goals have been approved by the Science Based Targets Initiative.

McDonald’s joins a number of major U.S. firms signing renewable energy deals.

Last month Amazon announced three renewable energy projects, including its first in Scotland. The tech giant said the facilities would provide energy to its Amazon Web Services data centers.

And in March, Microsoft signed a 15-year power purchase agreement for the energy produced by a 74-megawatt solar power facility in North Carolina.


Company: cnbc, Activity: cnbc, Date: 2019-11-08  Authors: anmar frangoul
Keywords: news, cnbc, companies, long, mcdonalds, solar, renewable, power, texan, wind, term, signs, supply, deals, energy, aviator, projects


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Here are the biggest analyst calls of the day: McDonald’s, World Wrestling, Target & more

We believe the macro economic backdrop will support another year of solid growth.” Nomura initiated Walmart & Target as “buy” and said it had a positive outlook on retail and that it saw another year of “solid” growth ahead. Citi upgraded the stock and said the risk/reward was now “compelling.” “In 1Q19, WWE sentiment was almost uniformly bullish. As the firm inked its new US TV rights deals, the market extrapolated the step-ups for international markets and assumed most new revenue would flow t


We believe the macro economic backdrop will support another year of solid growth.”
Nomura initiated Walmart & Target as “buy” and said it had a positive outlook on retail and that it saw another year of “solid” growth ahead.
Citi upgraded the stock and said the risk/reward was now “compelling.”
“In 1Q19, WWE sentiment was almost uniformly bullish.
As the firm inked its new US TV rights deals, the market extrapolated the step-ups for international markets and assumed most new revenue would flow t
Here are the biggest analyst calls of the day: McDonald’s, World Wrestling, Target & more Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-11-08  Authors: michael bloom
Keywords: news, cnbc, companies, calls, world, analyst, wwe, wall, mcdonalds, wrestler, versus, solid, vince, day, target, walmart, biggest, stock, wrestling


Here are the biggest analyst calls of the day: McDonald's, World Wrestling, Target & more

World Wrestling Entertainment Inc. Chairman Vince McMahon (L) and wrestler Triple H appear in the ring during the WWE Monday Night Raw show at the Thomas & Mack Center August 24, 2009

Here are the biggest calls on Wall Street on Friday:

“Retail sales as we measure it have grown 3.6% year to date in 2019, solid versus a 15-year average of 3.5%. We believe the macro economic backdrop will support another year of solid growth.”

Nomura initiated Walmart & Target as “buy” and said it had a positive outlook on retail and that it saw another year of “solid” growth ahead.

Citi upgraded the stock and said the risk/reward was now “compelling.”

“In 1Q19, WWE sentiment was almost uniformly bullish. As the firm inked its new US TV rights deals, the market extrapolated the step-ups for international markets and assumed most new revenue would flow to OIBDA. The stock briefly touched $100 a share.”

Read more about this call here.


Company: cnbc, Activity: cnbc, Date: 2019-11-08  Authors: michael bloom
Keywords: news, cnbc, companies, calls, world, analyst, wwe, wall, mcdonalds, wrestler, versus, solid, vince, day, target, walmart, biggest, stock, wrestling


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Workplace relationships: Are they ever OK?

Monty Rakusen | Cultura | Getty ImagesQuestion marks over whether consensual workplace relationships are ever OK have come to the fore this week after the high-profile firing of McDonald’s CEO Steve Easterbrook. Experts say there are no hard and fast rules, however, when it comes to policy (and policing) of romantic relationships within organizations. The firing of Easterbrook, announced Sunday, has served as a timely reminder to workers of the pitfalls of workplace relationships — however conse


Monty Rakusen | Cultura | Getty ImagesQuestion marks over whether consensual workplace relationships are ever OK have come to the fore this week after the high-profile firing of McDonald’s CEO Steve Easterbrook.
Experts say there are no hard and fast rules, however, when it comes to policy (and policing) of romantic relationships within organizations.
The firing of Easterbrook, announced Sunday, has served as a timely reminder to workers of the pitfalls of workplace relationships — however conse
Workplace relationships: Are they ever OK? Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-11-06  Authors: holly ellyatt
Keywords: news, cnbc, companies, policies, rules, policy, relationship, work, easterbrook, relationships, workplace, employees, mcdonalds


Workplace relationships: Are they ever OK?

Monty Rakusen | Cultura | Getty Images

Question marks over whether consensual workplace relationships are ever OK have come to the fore this week after the high-profile firing of McDonald’s CEO Steve Easterbrook. Experts say there are no hard and fast rules, however, when it comes to policy (and policing) of romantic relationships within organizations. The firing of Easterbrook, announced Sunday, has served as a timely reminder to workers of the pitfalls of workplace relationships — however consensual they may be — and it’s no surprise that most people prefer discretion when it comes to romance in the workplace. A study on work romances in the U.K., released by jobs website Totaljobs Tuesday, showed that the majority (76%) of the 5,795 Brits surveyed would much prefer to keep their workplace relationships a secret — yet one in five (22%) of those surveyed said they had met their partner through work — more so than through friends, online dating or while at a bar or club. Other key findings in the study were that two thirds of workers (66%) have either dated a colleague or would consider it, but a third of people (34%) would rule it out. A word to the wise, over half (51%) of those who had dated a colleague experienced gossip from peers — a factor that promotes the culture of silence that surrounds workplace romances.

Rules are rules

Easterbrook was widely credited with turning the company’s fortunes around since taking over the leadership in 2015. The share price more than doubled during his tenure. But McDonald’s said Sunday that it dismissed the chief executive because “he violated company policy and demonstrated poor judgment involving a recent consensual relationship with an employee.” McDonald’s code of conduct states that “in order to avoid situations in which workplace conduct could negatively impact the work environment, employees who have a direct or indirect reporting relationship to each other are prohibited from dating or having a sexual relationship.” For his part, Easterbrook said the relationship was a mistake and agreed “it is time for me to move on.” McDonald’s did not provide any further details on the relationship. While many people have expressed sympathy for him, there is a general consensus that “rules are rules” and workplace fraternization policies (also known as dating or workplace romance policies) or even non-fraternization policies are designed to protect employees and potential workplace harassment, especially from those in the chain of command. There are a number of other reasons why workplaces might want to discourage romance from developing, aside from any larger concerns over potential accusations of sexual harassment.

Steve Easterbrook, CEO McDonald, poses with Ronald McDonald. Getty Images

Workplace relationships could prompt concerns over individual productivity and accusations of favoritism to maintaining a professional and comfortable environment and avoiding possible disruption to that — especially in the event of a breakup. Kerry McGowan, managing director of The HR Specialists, told CNBC Thursday that there are no hard and fast rules when it comes to workplace policies on relationships. “The issue is often that there are competing requirements — you have the business requirements and personal requirements. In a large organization it might not be such an issue if two employees start a relationship because if they work in different departments it won’t impact the business. But problems can occur when two people work in the same department or when there’s a subordinate relationship (with a senior colleague),” she said. She said that while organizations don’t have to have (and many don’t have) a specific policy on romantic relationships in the workplace, it’s good to set out rules to employees about what standards of behavior are expected within the company. She also pointed out that friendships between colleagues can go sour too and lead to problems in the workplace. When it comes to the Easterbook case, most workplace and human resources experts agree that he should have known the rules and should have demonstrated the standards of behavior expected from everyone in the organization. Colin Ellis, author of “Culture Fix: How to Create a Great Place to Work,” also said that while he has “some sympathy” for Easterbrook, “rules are rules,” and that workplace culture, and even success, depend on these norms being followed. “It very clearly states in the company policy manual that employees aren’t allowed to have ‘consensual relationships’ with other employees. You may think this is unfair or possibly even irrational, however, McDonald’s makes it clear that’s what it is, and it applies to everyone … That’s the thing about corporate culture, it belongs to everyone and therefore applies to everyone.” Ellis added that as soon as you start having one rule for one person and another for someone else, you create “special” people who are above the law. “This is the kind of action that undermines workplace cultures around the world and leads to falling productivity, engagement and profitability,” he said.

#MeToo movement


Company: cnbc, Activity: cnbc, Date: 2019-11-06  Authors: holly ellyatt
Keywords: news, cnbc, companies, policies, rules, policy, relationship, work, easterbrook, relationships, workplace, employees, mcdonalds


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