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McDonald's Blames Negative Currency Trends For Profit Drop
(1:20)
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McDonald's Profit dropped 3%, quarterly net income was $1.46 billion, or $1.43 a share, from $1.51 billion, or $1.45 a share, in the year-ago period. Shares of General Electric are lower this morning, after the global conglomerate posted an 8.3% rise in quarterly earnings. Overseas, Sony is cutting another 2,000 jobs. Elsewhere, European Union leaders have agreed to establish a single supervisor for banks in euro area.
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