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Former Office Depot COO charged with insider trading
New York -- A Monday report by Forbes said that former Office Depot COO Mark Begelman has been charged with profiting off confidential information.
The SEC leveed insider trading charges against Begelman for allegedly using confidential information for his own gain, concerning the upcoming acquisition of Bluegreen Corp. by BFC Financial Corp.
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McDonald's comps slip in Q1, profit inches up
Oak Brook, Ill. -- McDonald's Corp. reported Friday that net income for the quarter ended March 31 rose about 1% to $1.27 billion, from $1.26 billion last year. Total revenue also rose 1%, to $6.6 billion from $6.5 billion.
Same-store sales dipped, however, impacted said McDonald’s by a tightened eating-out environment during the quarter.
At home, same-store sales dipped 1.2%.