edged up in 4Q
McDonald's Corp. says its profit edged up in the fourth quarter, after it moved to boost slumping sales by focusing on value. It reported it earned $1.4 billion, or $1.38 per share, for the period ended Dec. 31. That compares with $1.38 billion, or $1.33 per share, a year ago. Revenue rose to $6.95 billion, up from $6.82 billion.
US Airways 4Q
US Airways says net income doubled in the fourth quarter as its planes were fuller and it made more money off each passenger. The airline earned $37 million, or 22 cents per share, compared with $18 million, or 11 cents per share a year ago. US Airways, which is in merger talks with the parent of American Airlines, said revenue set a fourth-quarter record of $3.28 billion, up about 4 percent.
IMF sees modest
The International Monetary Fund is projecting a modest rise in global economic growth for 2013, but it also is warning that problems in the eurozone and the United States could derail momentum. The world economy grew 3.2 percent in 2012, according to IMF estimates.
Netflix Inc., the world's largest online-video service, gained 2.05 million U.S. Internet subscribers in the fourth quarter, exceeding its forecast. It closed 2012 with 27.2 million U.S. online customers. In October, the company predicted fourth-quarter growth of 1.3 million to 2 million customers, and said it could finish the year with as many as 27.1 million.
Google seeing more
demands for data
Google says it is fielding more legal demands from governments around the world seeking to learn more about the people using its search engine, email and other services. Governments presented it with 21,389 requests for information during the last six months of 2012, up 17 percent from a year earlier. More than 8,400 of the requests came from the U.S. government.
Coach says holiday
sales were muted
Coach Inc., the luxury handbag seller, said a challenging economy and price-cutting by competitors weighed on its second-quarter results. The results suggest the shopping season was tough as shoppers grappled with economic uncertainty. Coach said its net income was $352.7 million, or $1.23 per share, in the quarter, compared with $347.5 million, or $1.18 per share, a year ago. Net sales rose 4 percent to $1.50 billion.