From bullish outlook for semiconductor companies, spike in US consumer sentiment, Wayfair s layoff plans, to Terraform s bankruptcy, here s a look at recent business developments around the world
in hong kong, the hang seng climbed 203. the market rally last week began to cool off wednesday. a mixed bag of earnings led to a drop in optimism. macey s was up after a second quarter jump in net income thanks to cost cutting and tailoring merchandise to suit regional preferences. mcdonald s found its numbers harder to swallow. with revenue dropping for the first time in nine years. u.s. worker productivity was up in the second quarter by about 1.5%. china says its inflation rate dropped in july, allowing the government to cut interest rates and take other stimulus measures, but analysts warn it s not going to last. american merle airlines pilot ra contract. most want the bankrupt parent, amr, to merge with us airways. the head of toyota u.s. sales expects the automaker to add more jobs and build more vehicles in north america to hedge against a strong japanese yen.