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.