KQED Nightly Business Report October 20, 2012
Shares of mcdonalds fell 4. 5 after reporting weaker than expected earnings and revenues. The fast food giant also said Earnings Growth will be quote pressured going forward. Profits were up at General Electric, but revenues came in below analyst estimates and g. E. Also warned of a tough economic environment. The stock slid 3. 5 . Nervousness about the outlook for Technology Companies pulled down stocks. Microsoft and google, both reported disappointing earnings yesterday. By the closing bell, the dow lost 205 points or 1. 5 . The tech heavy nasdaq really got slammed down 67 points and, the s...