Industry News

  • McDonald’s said Chief Executive Don Thompson was leaving, less than three years into his tenure, and promoted a company veteran to try to revive the fast-food giant from its worst slump in more than a decade.

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  • Startups are combining psychology and big data to analyze people’s faces and potentially discover their deepest emotions—while amassing an enormous visual database that is breeding privacy concerns.

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  • Royal Dutch Shell posted higher profit but said it would freeze dividend payments, curb its planned spending over the next three years by some $15 billion, and scale back its investments in shale resources world-wide as it struggles with weaker oil prices.

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  • The fortunes of the world’s two biggest smartphone makers crossed paths again, as contrasting earnings reports from Apple and Samsung Electronics put the two technology giants back in a dead heat for leadership of the global market.

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  • Time Warner Cable reported an increase in subscribers as the pay-TV provider continued to await the completion of its acquisition by Comcast. The results came in below analysts’ expectations.

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  • Spain’s EDreams Odigeo has grown to rival Expedia as a global leader in airline bookings, but it has also become a magnet for customer complaints about irregularities in booking practices, a Wall Street Journal review found.

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