2014's fast food atrocities
Burger King's black cheeseburger: Made with squid ink and bamboo charcoal, arguably a symbol of meat's destructive effect on the planet. Only available in Japan.
Citigroup Inc., which is still 12 percent owned by the government, reported its third straight quarter of profit Monday as losses from failed loans narrowed.
The New York-based bank earned $2.15 billion, or 7 cents per share, in net income available to common shareholders. That compares to a loss of $3.24 billion, or 27 cents per share, during the same quarter last year. The results were a penny per share better than analysts’ forecasts, according to Thomson Reuters.
Citigroup was one of the hardest-hit banks during the financial crisis of 2008 and received $45 billion in government aid, $25 billion of which was converted to stock. The government is still reducing its stake in Citigroup.
Citigroup’s results included a previously announced $800 million pretax loss tied to the sale of Student Loan Corp.
Losses from bad loans fell 30 percent during the quarter to $7.66 billion as defaults in Citi’s retail partner cards, Citi-branded credit cards and real estate portfolios all fell.
Citigroup released $1.97 billion in money it had previously set aside to cover bad loans.
The drop in defaults is a signal that consumers could be getting their footing again. Rival banking giant JPMorgan Chase & Co. also reported better results last week as losses narrowed from failed loans. Bank of America Corp. reports results Tuesday.
Shares of Citi rose 9 cents, or 2.2 percent, to $4.04 in pre-opening trading.
Domino's Specialty Chicken: It's like regular pizza, except instead of a crust, there's fried chicken. The company's marketing officer calls it "one of the most creative, innovative menu items we have ever had” -- brain power put to good use.
KFC'S ZINGER DOUBLE DOWN KING: A sandwich made by adding a burger patty to the infamous chicken-instead-of-buns creation can only be described using all caps. NO BUN ALL MEAT. Only available in South Korea.
Taco Bell's Waffle Taco: It took two years for Taco Bell to develop this waffle folded in the shape of a taco, the stand-out star of its new breakfast menu.
Krispy Kreme Triple Cheeseburger: Only attendees at the San Diego County Fair were given the opportunity to taste the official version of this donut-hamburger-heart attack combo. The rest of America has reasonable odds of not dropping dead tomorrow.
Taco Bell's Quesarito: A burrito wrapped in a quesadilla inside an enigma. Quarantined to one store in Oklahoma City.