Key Developments: McDonald's Corp (MCD.N)
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Latest Key Developments (Source: Significant Developments)
McDonald's Corporation Comments On January 2012 Comparable Sales Guidance-Conference Call
McDonald's Corporation announced that it expects comparable sales for January 2012 to be up 5.5% to 6.5%. Full Article
McDonald's Corporation Opens First Restaurant in Frydek-Mistek-CIA - Daily News
CIA - Daily News reported that McDonald's Corporation has opened its first restaurant in Frydek-Mistek. The Company has informed that the total investment into the restaurant reached almost CZK 49 million. The restaurant, operated by Kamila Kleiblova as a franchise, offers 50 jobs. Full Article
McDonald's Corporation to Open Restaurant in Office Building in Romanian Capital-SeeNews
SeeNews reported that McDonald's Corporation will open a restaurant in America House office building in the Romanian capital Bucharest by the end of 2011. The unit will be McDonald's Corporation’s first restaurant opened in an office building. Coffee shops and restaurants like City Grill, Starbucks, Fitto Cafe and Cofetaria Lusitana are already present in America House. Full Article
McDonald's Corporation Fined In Brazil Over 'Happy Meal' Toys-Reuters
Reuters reported that McDonald's Corporation faces a $1.8 million fine in Brazil over its 'Happy Meal' toys, which consumer advocates say encourage bad eating habits in children, state media has reported. A non-governmental organization filed a complaint with the Foundation for the Protection and Defense of the Consumer in Sao Paulo, which imposed the fine on the global fast food chain. McDonald's can appeal the ruling. The group filing the complaint accused McDonald's of 'encouraging the formation of distorted values' by using the toys to market meals to children, Agencia Brasil reported. Full Article
McDonald's Corporation Comments On October 2011 Comparable Sales Guidance
McDonald's Corporation announced that it expects comparable sales for October 2011 to be up 4.0% to 5.0%. Full Article
McDonald's Corporation Raises Quarterly Cash Dividend By 15%
McDonald's Corporation announced that its Board of Directors declared a quarterly cash dividend of $0.70 per share of common stock payable on December 15, 2011 to shareholders of record at the close of business on December 1, 2011 . This represents a 15% increase over the Company's previous quarterly dividend rate and brings the fourth quarter dividend payout to over $700 million. Full Article
First McDonald's Corporation Restaurant in Bosnia Opens for Business-SeeNews
SeeNews reported that the first McDonald's Corporation restaurant in Bosnia has opened for business in the capital Sarajevo. A second McDonald's Corporation restaurant will open in Sarajevo before September 2011. McDonald's Corporation restaurants will shortly open in other big Bosnian cities as well, including Mostar, Tuzla, Banja Luka and Zenica. In June 2011, McDonald’s Europe said that the Bosnian restaurants will be operated by GLIESE 581g and Dreamfoods Restorani, who have obtained master franchise rights for the country and will be responsible for the capital investments in expanding and promoting the McDonald's Corporation brand in Bosnia. Full Article
Fast-food workers in Detroit walk off job, disrupt business
- Hundreds of fast-food employees in Detroit walked off the job on Friday, temporarily shuttering a handful of outlets as part of a growing U.S. worker movement that is demanding higher wages for flipping burgers and operating fryers.
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