S&P 500 ekes out small gain to set new record
NEW YORK — The Standard & Poor’s 500 index eked out the smallest of gains to set another record high Monday as investors assessed earnings news. Earnings will hold investors’ attention this week as major U.S. companies including Boeing report their results.
The S&P 500 closed up a fraction of a point at 1,744.66, its third consecutive record close. The index is up 22 percent this year, putting it on track for its best year since 2009.
The Dow Jones industrial average edged down 7.45 to 15,392.20. The Nasdaq composite rose 5.77 to 3,920.05.
McDonald’s 3Q income increases by 5 percent
OAK BROOK, Ill. — McDonald’s says its third quarter profit rose 5 percent to $1.52 billion, as the world’s biggest hamburger chain benefited from a Monopoly promotion in the U.S. and strength in the U.K. and Russia.
Revenue rose 2 percent to $7.32 billion. Analysts expected $7.33 billion. McDonald’s said Monday that revenue in stores open at least 13 months rose 0.9 percent. McDonald’s has more than 34,000 locations.
Yahoo beats Google in US web visitors in Sept.
NEW YORK — For the third month in a row, more Americans visited Yahoo’s websites than Google’s, according to comScore’s Internet traffic data for September. The firm said Monday that Yahoo’s websites had 197.8 million unique U.S. visitors last month, while Google’s had 191.4 million.
Yahoo is still far behind Google in making money from the people who visit its websites. Research firm eMarketer estimates that Google will generate $38.83 billion in worldwide digital ad revenue this year, more than any other company.
Netflix earnings jump as subscriptions climb
LOS GATOS, Calif. — Netflix’s earnings quadrupled to $32 million as its line-up of original programming helped the Internet video subscription service attract 1.3 million more U.S. subscribers during its latest quarter. Revenue rose 22 percent to $1.1 billion.
The company ended September with 31 million U.S. subscribers, eclipsing the estimated 29 million subscribers that HBO’s 41-year-old pay-TV channel is believed to have.
Microsoft: 8.1 update snag limited to Surface
REDMOND, Wash. — Microsoft says a problem caused when updating computers to Windows 8.1 RT is limited to its own Surface RT devices.
The issue was discovered over the weekend. Some users who tried to download an update to the Windows 8 RT would find their machines would shut off during the download and become inoperable.
Microsoft said Monday the problem affected less than 1 out of every 1,000 Surface RTs. It hadn’t found out what the problem is. For now, the 8.1 download has been removed from the Windows Store. Microsoft also offered a way to complete the update using a USB drive.
Kohl’s stores will be open on Thanksgiving
MENOMONEE FALLS, Wis. — Kohl’s Department Stores says it will open its doors at 8 p.m. on Thanksgiving for the first time, adding to the growing ranks of retailers trying to get a jump start on the holiday shopping season. Kohl’s has 1,158 stores across the country.