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Search resuls for: "Alonyal Ltd"


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A group of stocks are about to form a chart pattern that suggests investors are bearish: the worrisome death cross. A death cross encompasses a price chart pattern that emerges when a stock's 50-day moving average slips below its 200-day moving average. Moreover, a death cross is also touted as a predictor of a forthcoming bear market pattern. CNBC used data from FactSet to screen for stocks that are approaching a death cross, and found four names including fast-food giant McDonald's and athleisure brand Lululemon . McDonald's is once again flashing a death cross signal.
Persons: McDonald's, FactSet, Lauren Silberman, LULU, Oppenheimer, Brian Nagel, , Nick Wells Organizations: CNBC, Alonyal, Deutsche Bank, FactSet Locations: Israel
McDonald's signed a deal to purchase all 225 of the restaurants that comprise its Israel franchise, the American fast-food chain announced, following months of dramatically lower sales due to pro-Palestinian boycott action amid the Israel-Hamas war. "An agreement to sell Alonyal to McDonald's Corporation has been signed," the McDonald's statement said Thursday. "Upon completion of the transaction, McDonald's Corporation will own Alonyal Limited's restaurants and operations, and employees will be retained on equivalent terms." "We are dismayed by the disinformation and inaccurate reports regarding our position in response to the conflict in the Middle East," McDonald's Corp. said in a November statement. "McDonald's Corporation is not funding or supporting any governments involved in this conflict, and any actions from our local Developmental Licensee business partners were made independently without McDonalds' content or approval."
Persons: McDonald's, Omri Padan, Israel —, , Chris Kempczinski Organizations: Israel, Alonyal Ltd, McDonald's Corporation, McDonald's, Consumers, Gaza, enclave's Health Ministry, World Health Organization, McDonalds Locations: Israel, East, Malaysia, Indonesia
RIYADH, Oct 17 (Reuters) - McDonald's (MCD.N) franchises in some Muslim countries disavowed a move by the company's Israeli restaurants to give free meals to the Israeli military, highlighting the polarized regional politics that global corporations navigate during war. McDonald's Israel said on its social media accounts last week that it has given thousands of free meals to Israel Defense Forces personnel. McDonald's Israel is owned by Alonyal Ltd, according to a company statement. We affirm that it was an individual decision on their part," McDonald's franchise in Saudi Arabia said in a statement. "Neither global McDonald's nor us nor any other country had a role or relationship with that decision, neither directly nor indirectly."
Persons: McDonald's Israel, Hadeel Al Sayegh, Rod Nickel Organizations: Israel Defense Forces, Hamas, Alonyal Ltd, United Arab, McDonald's Corp, U.S ., Thomson Locations: RIYADH, Gaza, McDonald's Israel, U.S, Saudi Arabia, Oman, Kuwait, United Arab Emirates, Jordan, Turkey, Israel
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