McDonald’s Reports Strong Drive-Thru, Delivery

McDonald’s Corp. reported on Monday (Nov. 9) as part of its Q3 earnings that its comparable sales continued to improve throughout the world, fueled by positive 4.6 percent comparable sales in the United States.

McDonald’s Chief Financial Officer Kevin Ozan said on a call with analysts that comp sales around the world continue to be fueled by check growth from larger orders. “This is particularly true with our drive-thru business, which continues to be one of our biggest areas of strength,” he said.

Ozan noted that the company’s drive-thru sales percentage peaked during Q2 in most markets, and that remains elevated in contrast to historical norms.

“This safe and convenient service channel has been especially appealing to customers during the pandemic. Similarly, delivery sales have also increased meaningfully across substantially all of our major markets,” Ozan noted.

In the U.S., comparable sales were

Read More

Credit Union Business Lending Skews to the Middle

Source: Shutterstock.

Credit union business lending isn’t concentrated among the nation’s largest; it’s actually weighted to the center.

One example is GECU Credit Union of El Paso, Texas ($3.4 billion in assets, 399,106 members). GECU’s commercial loans on June 30 stood at $58.3 million, up 45% from a year earlier and accounting for 2% of total loans. Its total loans on June 30 were $2.6 billion, up 3%.

It’s not an outlier.

Greater Nevada Credit Union of Carson City ($1.3 billion in assets, 77,511 members) launched Greater Commercial Lending in 2017 to help member credit unions offer commercial loans, including federally guaranteed loans through the USDA and Small Business Administration. The Reno, Nev.-based CUSO has a network of lenders that includes 10 credit unions with $9 billion in assets and 645,201 members from Kalamazoo, Mich., to Baton Rouge, La.

In September, Member Business Financial Services, a Philadelphia-area CUSO, launched Nu

Read More

Stored Value Solutions Launches Gift Card Ordering Site

Press release content from PR Newswire. The AP news staff was not involved in its creation.

LOUISVILLE, Ky., Nov. 9, 2020 /PRNewswire/ — Just in time for the holiday season, leading gift card program manager Stored Value Solutions (SVS) introduces its new gift card ordering portal, designed to help businesses purchase gift cards in bulk. The website, SolutionsB2B.storedvalue.com, is an extension of the company’s recently introduced Solutions B2B product line, which streamlines the process for purchasing gift cards.

“Businesses need an easy way to purchase and send gift cards to their best employees and customers,” says Mark Schatz, President of SVS. “Gift cards are the number one choice as an incentive. We are doing what it takes to make those incentives personalized and easy to gift.”

Gift cards used as incentives for employees, consumers, and as part of large loyalty programs have been on the

Read More

How I Read 52 Books, Ran 520 KM, Completed 4 Courses and Started a New Business in 2020

The title of this story is, of course, fashioned after Ottessa Moshfegh’s My Year of Rest and Relaxation, which I read in January. There are however no similarities between me and the protagonist of that novel.



a person standing next to a body of water


© Jordan Siemens | Getty Images


It started last December when I was reviewing the year and realized I had the most professionally and personally disappointing twelve months of my life. So I decided that I would compensate for my ‘lost year’ in 2020 by learning and achieving as much as possible.

Loading...

Load Error

I was already working on the business plan for my new translation business, Milestone Localization, which I launched in May this year. I used a similar framework to create a plan with weekly and monthly targets for my personal life. I also wrote down my mission to be ‘fitter, smarter and more educated’ at the end of

Read More

Registration for Oakton spring and Winterim classes start Nov. 18

Take a class, earn a certificate or get the credits you need to transfer to a four-year school. Oakton Community College keeps you moving at full speed toward a bright and promising future. Discover your Oakton Experience by registering for spring credit classes or for the Winterim session, which offers college-credit courses over winter break. Registration for both opens Wednesday, Nov. 18, at 8:30 a.m.

Whether you plan to transfer to a four-year college, earn a job-ready certificate or explore a new career, the College’s 130 degree and career-track programs will help build the skills and confidence needed to reach your goals. Spring classes start Tuesday, Jan. 19, 2021.

Even in an uncertain world, embrace and achieve your educational goals at Oakton. Keep your momentum going in the new year and even take classes from home. Most courses will meet virtually during the spring semester due to the pandemic. A

Read More

Granite Provides Business Update and Third Quarter 2020 Preliminary Select Financial Information


Granite Construction Incorporated (NYSE: GVA) today provided a business update and third quarter 2020 preliminary select financial information.


“I am pleased today to discuss some highlights of Granite’s recent performance, but first, I want to thank the Board of Directors for their confidence in my ability to lead Granite through the near-term challenges we are facing as we work to implement our long-term strategic vision,” said Kyle T. Larkin, President at Granite. “While we can all acknowledge that 2020 has been a difficult year on many fronts, our people will lead the Company through these tough times. Despite the COVID-19 pandemic and California wildfires, our work levels remain steady with minimal project impact, and our business continues to adapt. As of September 30, 2020, total company committed and awarded projects (CAP) (1) stood at $4.2 billion, and Granite’s liquidity has improved over the course of the year. We

Read More

Grace Comments on Unsolicited Proposal from 40 North

Board Unanimously Determines Proposal Significantly Undervalues Company

COLUMBIA, Md., Nov. 09, 2020 (GLOBE NEWSWIRE) — W. R. Grace & Co. (NYSE: GRA) today confirmed that it has received a proposal from 40 North Management LLC (“40 North”), one of its shareholders, to acquire all outstanding common shares of the Company for $60 per share in cash, subject to certain conditions.

Grace has a portfolio of high-value, specialty businesses and while end markets have been significantly impacted by the pandemic, the fundamentals of its businesses remain strong and demand trends continue to improve. As the Company has communicated, most recently on its third quarter 2020 earnings call, Grace has often pursued opportunities to maximize shareholder value.

Consistent with its commitment to all shareholders, Grace’s Board, working with management and its financial advisers, is carefully evaluating and thoroughly discussing its value creation opportunities. At the same time, Grace is focused on executing

Read More

Masters in the autumn will add to golf’s folklore

If the Masters is a tradition unlike any other, a unique autumn showcase of golf’s most eagerly anticipated annual gathering will likely linger in the memory long after the Green Jacket donned by Tiger Woods last year is draped over the winner.
Played in late March or early April since its inception in 1934, the Masters was postponed this year until Nov 12-15 after American sport shut down in March amid a widespread novel coronavirus outbreak.
With no spectators on site for the first time, an eerie silence is expected with just a faint breeze whispering through the pines in place of the gallery roars that customarily reverberate across the entire course.
Usually there are eagle roars, hole-in-one roars, Tiger roars, a proverbial bush telegraph, all slightly different to the attuned ears of veteran fans and players alike.
“As a player, (I) always knew where the roars were coming from,

Read More

WSU online graduate business programs move up in Poets&Quants ranking recognition | WSU Insider

Poets&Quants ranked online MBA and executive MBA programs from Washington State University’s Carson College of Business as No. 12 in their 2021 rankings of The Best Online MBA Programs moving up from No. 16 in 2020.

“Our goal is to be the first choice for working students seeking an affordable, quality online business education from a Pacific Northwest university, and we are always pleased when our programs are recognized,” said Chip Hunter, Carson College dean. “The leap from 16 to 12 in the rankings demonstrates our commitment to provide an excellent, 100% online program to students across the globe. Our growing enrollment numbers, and the positive feedback from graduates and their employers, show that our 10+ years of expertise in the online space is producing great results.”

Poets&Quants is a leading international authority on the quality of business programs, known for its independence

Read More

WSU Ilitch School of Business names 2020 hall of fame class

 

The Wayne State University Ilitch School of Business Entrepreneurship and Innovation Hall of Fame has named four new members.

The inductees, to be honored with a ceremony at a later date, are:

 

  • Russell Belinsky, managing general partner, LB Capital Advisors LLC
  • Paul Glantz, co-founder and chair, Emagine Entertainment Inc.
  • George G. Johnson, founder, George Johnson & Co.
  • Mary Kramer, vice president and group publisher, Crain Communications Inc.

 

The 2020 class is the second for the hall of fame, named in honor of late Detroit Tigers and Red Wings owner Mike Ilitch and established by WSU Ilitch school of business Dean Robert Forsythe.

The first class included Little Caesars Pizza co-founder Marian Ilitch, The WW Group President and CEO Florine Mark, and Gorman’s Home Furnishings and Interior Design chair Bernard D.Moray.

Each honoree will be featured permanently in a display in the Ilitch school building. The Ilitch Hall of Fame honors

Read More