By Roberta Rampton and Steve Holland WASHINGTON (Reuters) - U.S. President Donald Trump formally withdrew the United States from the Trans-Pacific Partnership trade deal on Monday, distancing America from its Asian allies as China's influence in the region rises. Fulfilling a campaign pledge to end American involvement in the 2015 pact, Trump signed an executive order in the Oval Office pulling the United States from the 12-nation TPP. "Great thing for the American worker," Trump said as he signed the order on his third full day in office.
McDonald's reported slightly lower fourth-quarter earnings Monday as strong sales in Britain, Japan, and China offset a drop in the United States. The fast-food giant, which modified its menu in its home market after a lengthy slump, and restructured its international business, said its turnaround remained on track. Comparable sales fell 1.3 percent in the latest quarter.