Amazon moving staff at Quidsi parenting products unit after losses
March 29 Amazon.com Inc said on Wednesday it was moving staff out of its Quidsi nursery, beauty and pet products subsidiary after the business failed to turn a profit.
* Fourth-quarter earnings/share $0.24 vs est $0.23
* Revenue falls 34 pct due to re-franchising
* Same-restaurant sales rise 0.2 pct in the United States and Canada
Feb 13 Burger King Worldwide Inc, known for its Whopper hamburgers, reported a better-than-expected 37 percent jump in quarterly profit as new products, including the Big King sandwich and Satisfries french fries, drew customers in North America.
Burger King has been adding attention-grabbing items to its menu, such as low-fat fries and bacon sundaes, to tempt diners away from rivals McDonald's Corp and Wendy's Co.
McDonald's, the world's No. 1 fast-food chain, reported weaker-than-expected quarterly sales at established restaurants last month as fewer diners frequented its outlets.
In contrast, Burger King on Thursday reported a 1.7 percent rise in system-wide comparable sales for the fourth quarter ended Dec. 31. Analysts on average had forecast a 1.30 percent increase, according to Consensus Metrix.
Burger King's sales at established restaurants in the United States and Canada rose 0.2 percent, blowing past the average analyst estimate of a 0.4 percent decline.
Burger King also posted strong growth in the Asia-Pacific region, with comparable sales growth of 6.2 percent, driven by strength in Australia and South Korea.
The company's net income rose to $66.8 million, or 19 cents per share, in the quarter, from $48.6 million, or 14 cents per share, a year earlier.
Excluding items, Burger King earned 24 cents per share. Analysts on average had expected a profit of 23 cents per share, according to Thomson Reuters I/B/E/S.
Total revenue fell 34 percent to $265.2 million, primarily due to the net re-franchising of 360 company-owned restaurants in 2013. Analysts had expected $270 million.
Burger King's shares were little changed in premarket trading on Thursday. They closed at $25.48 on the New York Stock Exchange on Wednesday.
WASHINGTON, March 29 President Donald Trump plans to sign a repeal of Obama-era broadband privacy rules as a bigger fight looms over rules governing the openness of the internet, the White House said on Wednesday.