Business Beat: McDonald’s, Boeing, Facebook

SHARE Business Beat: McDonald’s, Boeing, Facebook

McDonald’s CEO Thompson to retire March 1

Don Thompson will retire as president and chief executive officer and as a member of the board effective March 1, the company announced Wednesday. Steve Easterbrook, senior executive vice president and chief brand officer, will succeed him.

Boeing profit soars on airplane sales

Demand for commercial airliners boosted Boeing Co.’s fourth-quarter profit by 19 percent, topping Wall Street expectations by a wide margin and offsetting weakness in the defense business.

ALSO: Boeing picked to replace Air Force One [MarketWatch]

Facebook status update: Profit, revenue beat expectations

Facebook beat profit and revenue forecasts for the seventh quarter in a row, continuing to win more mobile advertising revenue as most users shift to using the site on smartphones and other portable devices.

ALSO: Facebook sets up a Super Bowl page

Burgers got the best of sandwiches in 2014

We ordered 9 billion hamburgers last year, up 3 percent from 2013. At the same time, sandwich orders were down 2 percent overall.

ALSO: Shake Shack raises project price range for its IPO

Sears lays off 100 from Hoffman Estates headquarters

Warren Buffett’s sister donates $100 million to Northwestern

U.S. stocks slump on another dip in oil prices

Ford recalls 221,000 cars and vans over door latches and seat belts

Nissan recalls 768,000 SUVs to fix electrical shorts, hood latches

Toyota recalls 52,000 Avalon sedans for fire risk

California declares electronic cigarettes a health threat

Fed stays ‘patient’ but voices new concerns over low inflation

Denver airport bans sales of pot-themed souvenirs

Caesars bankruptcy case to be heard in Chicago

Fashion retailer H&M planning 400 more stores

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