Ford, McDonald’s, Under Armour, Verizon & Others Having Huge Changes

Verizon – Verizon was downgraded to “neutral” from “buy” at Nomura Instinet, saying competitor AT&T’s new price reduction and a likely response from T-Mobile US could put pressure on Verizon’s revenue growth prospects.

McDonald’s – McDonald’s fired CEO Steve Easterbrook after determining that a consensual relationship with an employee violated company policy. He’ll be replaced by McDonald’s USA President Chris Kempczinski.

Ford Motor – United Auto Workers union leadership approved the new tentative labor deal struck with Ford last week. The agreement now goes to the membership for ratification.

Ferrari – The luxury automaker beat estimates on both the top and bottom lines, and raised its full-year outlook as vehicle shipments rose more than 9% during the third quarter.

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