Originally published on Thu August 1, 2013 3:03 pm
Chinese consumers have 1,075 McDonald's locations to choose from, but the variety inside the restaurant isn't exactly top of their tastes-- KFC does much better business here because Chinese diners prefer white meat over beef patties.
Credit felibrilu / via Flickr
Recent news out of Vietnam intrigued us here at The Salt. Ho Chi Minh City is set to get its first McDonald's sometime in the next year, according to the company.
It seems Vietnam is ready for the iconic American food, and McDonald's is confident that Vietnamese consumers now have enough disposable income to get hooked on shakes, burgers and fries.
That got us thinking about the global reach of one of the world's most iconic food companies.
A chart shows the growth in the Standard & Poor's 500 index of large-capitalization U.S. stocks. The index passed the 1,700 mark for the first time Thursday.
Credit S&P 500
The Standard & Poor's 500 index, the benchmark of America's largest corporations, surpassed 1,700 points for the first time in early trading Thursday. The rise is being tied to a drop in weekly jobless claims, as well as assurances from central banks in the U.S. and Europe that they would continue to bolster their economies.
NPR's business news starts with unemployment numbers.
No, this is not the big monthly jobs report. We'll get that tomorrow. But this morning one number from the Labor Department - the department announced that applications for jobless benefits fell to 326,000 last week. That is the lowest level since January of 2008. Transcript provided by NPR, Copyright NPR.
NPR's business news starts with Sony plugged into profits.
Sony reports that it's making money again. The Japanese company announced its second quarter earnings today. Most of its success though comes thanks to a favorable currency rate - a weak yen was key for Sony. Still, the company did see a little improvement in its smartphone sales and entertainment business. Net income for Sony's latest quarter was $35 million. Transcript provided by NPR, Copyright NPR.
Suffixes like .org, .net and .com are the most common on the Internet today. But the Internet Corporation for Assigned Names and Numbers, which governs Web names, plans to add some 1,400 more, some ending in Arabic or Chinese characters.
Starting this fall, the Internet Corporation for Assigned Names and Numbers, or ICANN, will begin rolling out 20 new suffixes, or top-level domains, every week. This will create new entrepreneurial opportunities, says ICANN CEO Fadi Chehade.
"Diversity to the domain name system is coming," he says.
Janet Yellen, vice chairwoman of the Federal Reserve, is under consideration to become the first woman to lead the Fed. President Obama reportedly is likely to choose between Yellen and former Treasury Secretary Lawrence Summers.
Credit Franck Robichon / EPA/Landov
Of all the legacies presidents leave behind, few are as important — yet as poorly understood in the moment — as their picks for chairman of the Federal Reserve.
Paul Volcker, credited with taming double-digit inflation through backbreaking high interest rates that contributed to the recession of the early 1980s, was among President Jimmy Carter's most consequential appointments.