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Oil weighs on stocks; McDonald's tops estimates; Twitter's big shakeup – Yahoo Finance


Wall Street is starting yet another week with losses. Stocks (^DJI^GSPC^IXIC) are lower as oil prices (CLH16.NYM) resume their slide after briefly rebounding on Friday.

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McDonald’s (MCD)  shares hit a fresh high in early trading. Mickey D’s turnaround plan seems to be gaining traction. The fast-food giant posted a beat on both its top and bottom lines for the fourth quarter, as the launch of its all-day breakfast led to stronger-than-expected same-store sales growth in the U.S. 

Halliburton (HAL) reported adjusted earnings per share that beat analysts’ estimates. This helped offset the impact of the drop in drilling activity. But revenue missed forecasts with sales falling 42% from a year earlier.

Tyco (TYC) shares soared in early trading. It’s official: Johnson Controls (JCI) is merging with the security systems company. The combined firm will have a market cap of about $36 billion and be based in Ireland, where corporate taxes are lower. 

Twitter executive exodus

Twitter (TWTR) shares are sharply lower this morning after chief executive Jack Dorsey confirmed via tweet that four top executives are leaving the company, as he revamps his C-suite and struggles to revive growth. 

Alphabet (GOOGL), the parent company of Google (GOOG), agreed to pay $185 million in back taxes to U.K. authorities. The settlement comes after a years-long investigation by Britain’s tax agency. 

Bloomberg for president?

Financial media tycoon Mike Bloomberg is said to be considering an independent presidential bid. The former New York City mayor apparently is concerned that candidates he considers extremists from both parties could be nominated.

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