McDonald’s global sales drop, Iraq fear roils markets, Guitar Center’s big bet

THE FORTUNE DAILY Friday, August 8, 2014

Bucking trend, Guitar Center plans big expansion, overhaul of store fleet At a time when overall music instrument sales have stalled and web sites like Amazon.com and Craigslist are selling more and more music gear, Guitar Center is doubling down on its physical presence.

And, exhale... Lululemon, founder reach truce - for now Lululemon Athletica founder Chip Wilson is selling half of his stake in the company in a deal that prevents a proxy war until at least 2016.

McDonald's global sales hit by food supply scandal Results pulled down by weakness in the U.S. and the effects of a food safety scandal in China.

Markets tumble again after U.S. is drawn back into Iraq Markets in Asia, Europe spooked by the thought that Obama is riding to Iraq's rescue, but central banks aren't riding to theirs.

Malaysian Airlines will be nationalised after second crushing disaster Two disasters in four months effectively finished the struggling airline as a going concern.

By Erin Griffith Content, commerce, and cooking: How Food52 is making small community into a big business How do you beat major media industry headwinds as a small startup? A mix of content, commerce and cooking.

By Philip Elmer-DeWitt What would a cheap iPhone do for Apple's bottom line? That depends what you mean by 'cheap," of course. Benedict Evans has run the numbers.

By Ben Geier Robots could soon be in your office ... and your bedroom Techies are split about just how important robots and artificial intelligence will be to the economy.

How to get tweens to love tech

Facebook security, airstrikes and bionic eyes — five things to know about today

Facebook gets serious about cybersecurity with new purchase

China posts record trade surplus in July as exports surge

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