April 21, 2012 |
McDonald's Corp., the world's largest hamburger chain, keeps churning out profit — this time because of unexpectedly balmy weather and new products such as Chicken McBites. The Oak Brook, Ill., company Friday posted a profit of $1.27 billion, or $1.23 a share, in its first quarter. That's a 5% increase from the $1.21 billion, or $1.15, it earned during the same period in 2011. McDonald's revenue jumped 7.1% to $6.5 billion. Even though the chain is feeling pressure from rising food costs, it so far has managed to sustain a strong sales pace.
April 20, 2012 |
Sales of on-road motorcycles, which took a beating during the economic downturn, are finally revving up. According to the Motorcycle Industry Council, sales of new motorcycles meant for road use and scooters were up 8.8% for the first quarter of 2012 compared with the same period last year in part because of unseasonably warm weather and higher gas prices. Scooters alone got an especially big boost - 16.9% over last year. Sales of dual-purpose motorcycles, meant for on- and off-road riding, were up 12.7%.
CALIFORNIA | LOCAL
March 22, 2012 |
California energy officials are working to stave off the potential for summer power shortages if the San Onofre Nuclear Generating Station remains out of service. San Onofre has been shut down since Jan. 31, when a tube that carries hot, radioactive water in one of the plant's newly installed steam generators in the Unit 3 reactor sprang a leak. The mishap released a small amount of radioactive steam. The reactor was taken offline and Southern California Edison, the plant's operator, began pressure-testing 129 tubes that showed excessive wear, while the U.S. Nuclear Regulatory Commission dispatched a team to investigate the issue.
February 24, 2012 |
It's February and the weather outside is frightful - for ski resorts. With unseasonably toasty temperatures in parts of the Southland, skiers and snowboarders who would normally head for the slopes at this time of year are instead visiting the beach. "It's hard to think about skiing when it's like 80 degrees in town," said Wendy Brennan, an avid skier who helps organize two ski clubs based in Redondo Beach and Manhattan Beach. "It's particularly hard to get people away from the beach and up to the mountains.
January 27, 2012 |
The temperature in Minneapolis didn't fall to zero degrees this winter until Jan. 12. On Jan. 5., the daytime high in Rapid City, S.D. (a record-setting 71 degrees), was higher than in balmy Miami (69 degrees). And just a couple of days before New Year's, visitors to Park City, Utah, skied on man-made snow and dined al fresco — without their parkas. Throughout the continental United States, it's been a very warm winter. "The talk across the whole country has been, 'Where has winter been?
July 8, 2011 |
Retailers beat June gloom last month, delivering surprisingly strong sales results thanks to lower gas prices, widespread discounting and warm weather, which led many shoppers to hit the stores for summer clothing. With the important back-to-school season next on the retail calendar, consumers gave merchants the kind of month they had been hoping for after a good but not great first half of the year. Combined with better-than-expected labor market data Thursday, the retail report led to a stock market rally and helped lift optimism a day before U.S. employment figures were released.