McDonald's Corp (MCD.N)
(Story corrects paragraph 10 to replace U.S. drugmaker Allegion with U.S. lock maker Allegion)
HONG KONG China will still be on the menu for McDonald's. The $100 billion U.S. burger giant is poised to sell its outlets in mainland China and Hong Kong for up to $2 billion. Seeing this as a simple retreat from the Middle Kingdom is tempting, but wrong. As elsewhere, franchising is a better business than owning and operating stores. There are other benefits to having a Chinese partner too.
HONG KONG McDonald's Corp is looking to raise $1 billion to $2 billion with the sale of its China and Hong Kong stores after the U.S. fast-food chain decided to keep "a significant minority stake in the business," a person with direct knowledge of the plans said on Tuesday.
SAO PAULO Brazilian labor authorities on Friday called local McDonald's Corp representatives to a hearing on Dec. 13 over alleged violations of the country's labor laws, and said they could impose fines of up to 103 million reais ($30 million).
A consortium led by private-equity firm Carlyle Group and Chinese conglomerate Citic Group Corp has neared a deal to buy McDonald's Corp's stores in China and Hong Kong for up to $3 billion, a source with direct knowledge of the matter said. | Video
KUALA LUMPUR (Thomson Reuters Foundation) - Fast food giant McDonald's said it has dropped a labor supply agency in Malaysia after claims emerged that it was underpaying its migrant workers and housing them in appalling conditions.
The man behind one of the most recognizable fast-food sandwiches, McDonald's Big Mac, died this week at age 98.
McDonald's Corp has asked a federal judge to throw out a proposed class action filed by workers at a California franchise, arguing that it cannot be held liable for state law violations just because workers believed the company rather than the local franchisee was their employer.
NEW YORK/LOS ANGELESMcDonald's, aiming to become more modern and nimble, is updating U.S. restaurants with self-service kiosk ordering, mobile payments, "smart" menu boards, custom sandwiches and table service, executives said on Thursday.
A McDonald's Corp shareholder is redoubling efforts to convince the fast-food chain to stop all of its global restaurants from serving the meat of animals raised with antibiotics that are vital for fighting human infections.