Pershing Square Capital Management sold roughly 105,000 shares of its McDonald's Corp. stock, although the hedge fund still holds about 4% of McDonald's outstanding shares with its stock options and swaps.
The number of subscribers to DISH Network and DIRECTV grew 170,000 last year, even as the nine largest cable operators lost millions of subscribers and the overall pay-TV base dipped by 105,000 customers, according to Leichtman Research Group. Cable's share of multi-channel video subscribers fell from 58% in 2010 to 52% in 2013.
Nike has seen its stock price slip 15% since a December peak. Soft overseas sales and a shakeup in the company's leadership ranks are to blame, analysts say, in combination with weaknesses in the U.S. athletic shoe market.
Restaurant franchising company Raving Brands, known nationally for its "fast-casual" concepts such as Moe's Southwest Grill and Shane's Rib Shack, plans to bring 25 restaurants to the Baltimore area by 2009. The Georgia-based company has 600 franchise units already, with about 700 expected to be developed by 2008, following its plan for aggressive growth.
Video sharing sites like Youtube.com, MySpace Videos and Yahoo! Video are enjoying significant growth, leading analysts and advertisers to see them as an increasingly important component of a maturing Internet market. "Consumers clearly view video as one of the most accessible, interesting and entertaining sources of content on the web," Jack Flanagan of comScore Media Metrix said.