On Monday, Shares of McDonald’s Corp. (NYSE:MCD), dropped -2.33% to $96.44.
Global consumer-products companies such as PepsiCo (PEP), Coca-Cola (KO) and McDonald’s (MCD) are taking one of the only actions they can to combat the debilitating effect on profits from the strong U.S. dollar. They’re jacking up prices for their international customers.
“During the last eight months, the dollar has practiced its fastest rise in 40 years,” declared McDonald’s chief financial officer, Kevin Ozan, during the company’s April 22 earnings call. Ozan then highlighted a modest price enhance his company had passed along to burger fans in Europe. A strong dollar makes U.S. goods and services more expensive in relation to those produced by competitors and also reduces the value of corporate profits from overseas operations.
McDonald’s Corporation operates and franchises McDonald’s restaurants in the United States, Europe, the Asia/Pacific, the Middle East, Africa, Canada, and Latin America. The company’s restaurants offer various food products, soft drinks, coffee, and other beverages.
Shares of Starwood Hotels & Resorts Worldwide Inc. (NYSE:HOT), declined -2.27% to $81.24, during its last trading session.
Starwood Hotels & Resorts Worldwide, has a rich history of identifying talented entry-level associates and cultivating their skills into increasingly challenging positions. At Starwood there are many examples of associates who started working at the front desk or as a room attendant who advanced to positions of Supervisor, Manager or even Regional Director.
It’s in this spirit of possibility that Starwood is happy to declare recently its participation in UpSkill America, a public-private initiative led by the US Department of Education to identify front-line employees and give them the training needed to advance their careers. Recently, Starwood joined labor leaders, non-profits, educators, technology innovators and other employers for the White House Upskill Summit in Washington, D.C., to share best practices.
As part of its commitment to UpSkill America, Starwood will expand and enhance its existing Associate Development Program (ADP) that has already graduated more than 800 associates within the last five years from owned and managed North American properties.
Starwood’s program, initially launched in 2003 as a pilot in Arizona and New York and later expanded throughout Canada and the United States, selects high-potential associates to undergo about six months of training that could comprise cross-functional learning, exposure to senior leaders, mentoring or coaching and presentations and projects related to the skills they learn in the program.
Taylor Spotleson, who started at Starwood working in food and beverage in Scottsdale at The Westin Kierland Resort and Spa in 2007, followed her passion to Human Resources at The Phoenician in 2010, and after concluding the Associate Development Program in 2011 she assisted with the opening of The Westin Snowmass Resort in Colorado. She continued to advance her career as the Human Resources Manager for the Aloft Tucson University in 2012 and then accepted a role supporting regional Human Resources in late 2013.
Starwood Hotels & Resorts Worldwide, Inc., together with its auxiliaries, operates as a hotel and leisure company worldwide. The company owns, operates, and franchises luxury and upscale full-service hotels, resorts, residences, retreats, select-service hotels, and extended stay hotels under the St. Regis, The Luxury Collection, W, Westin, Le Méridien, Sheraton, Four Points, Aloft, and Element brand names.
At the end of Monday’s trade, Shares of The Gap, Inc. (NYSE:GPS), dwindled -2.20% to $39.96.
The Gap, applauded the introduction of the Bipartisan Congressional Trade Priorities and Accountability Act of 2015, bipartisan legislation to modernize and renew Trade Promotion Authority (TPA), and enable a robust trade agenda to bolster U.S. economic growth and competitiveness. The legislation would assist open the door to new markets for U.S. goods and services, assist level the playing field for American retailers, and support well–paying U.S. Jobs.
The TPA legislation introduced recently comprises noteworthy improvements to the 2002 TPA law and recognizes changes in the U.S. economy, such as the prevalence of global value chains to support U.S. jobs. The bill also sets negotiating objectives on fair competition with state-owned enterprises, labor and environmental standards, and improved procedures to ensure Congressional oversight and public input on U.S. trade negotiations.
The Gap, Inc. operates as an apparel retail company worldwide. It offers apparel, accessories, and personal care products for men, women, and children under the Gap, Banana Republic, Old Navy, Athleta, and Intermix brand names.
Finally, Zynga, Inc. (NASDAQ:ZNGA), ended its last trade with -2.18% loss, and closed at $2.46.
Zynga, declared that Louis J. Lavigne, Jr., former Genentech Inc. Chief Financial Officer, has joined the company’s Board of Directors. Lavigne brings extensive experience in business operations and administration, strategy, finance, accounting and public company governance to Zynga’s Board.
Lavigne, 66, is presently the Managing Director of Lavrite, LLC, a administration consulting firm specializing in corporate finance, accounting, growth strategy and administration. Preceding to joining Lavrite, Lavigne spent more than 23 years at Genentech, Inc., primarily serving as Chief Financial Officer from 1988-2005. In that role, Lavigne was responsible for Genentech’s Financial, Corporate Relations, and Information Technology groups and also served as a member of Genentech’s Executive Committee and Chairman of its 401K Plan Committee. In 2006, Lavigne received the Bay Area CFO of the Year-Hall of Fame-Lifetime Achievement Award. Preceding to Genentech, he held various financial administration positions with Pennwalt Corporation.
Lavigne presently serves on the Board of Directors for several companies and institutions counting Accuray, Inc., a radiation oncology company, where he is Chairman of the Board and Compensation Committee. Lavigne also serves as the Chairman of the Audit Committee for Depomed, Inc., a specialty pharmaceutical company; and DocuSign, Inc., a private eSignature transaction administration company. He is also a member of the Compensation and Mergers and Acquisition Committees, for NovoCure, a private commercial stage oncology company. He is also a member of the Pacific SW Network of Audit Committee Chairs and the faculty of GLG Institute.
Additionally, Lavigne is a Board Member and Chairman of the UCSF Benioff Children’s Hospital Oakland, the UCSF Benioff Children’s Hospitals, and the UCSF Children’s Hospitals Foundation and a member of the Audit Committee.
Zynga Inc. develops, markets, and operates online social games as live services played on the Internet, social networking sites, and mobile platforms in the United States, Asia, and Europe.
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