May 25, 1994 |
Sitting in the parking lot of a McDonald's in Norwalk on Easter in 1987, 17-year-old James V. Beltran thought he held happiness in his hands. He had just bought a Coke and picked up an instant game ticket worth at least $1 million in a restaurant chain promotional contest, and he remembers feeling awestruck. "I realized it would change my life," he said. "I thought it would make me the happiest person I could be."
October 27, 1989 |
McDonald's Corp. said its restaurants in New England would join forces with a consortium of chemical companies to launch a major recycling effort for plastic food containers. McDonald's is undertaking the program with National Polystyrene Recycling Co., a joint venture formed earlier this year by several leading producers of plastics, including Amoco Chemical Co., Dow Chemical Co. and ARCO Chemical Co.
March 14, 1991 |
Is McDonald's the fast-food industry's boldest innovator--or its best mimic? That is what industry executives and analysts were asking Wednesday on the heels of McDonald's announcement that it will introduce a low-fat McLean Deluxe hamburger by mid-April. The move by McDonald's follows a series of actions that the nation's largest fast-food chain has taken over the past year, all clearly aimed at generating good will--and better business.
November 13, 1989 |
Amid the rhetoric about the Japanese buying up America as they keep would-be business rivals out of Japan, U.S. trade officials recently have had some cause for cheer. Two highly regarded U.S. retailers have joined forces with Japanese counterparts in efforts to crack the tough-to-enter Japanese market. Toys R Us, the nation's largest toy merchant, is hooking up with McDonald's Co.
June 14, 2004 |
When it comes to its relationship with Walt Disney Co., McDonald's Corp. is hardly lovin' it. The world's largest fast-food chain wants to revamp its super-sized movie, home video and theme park promotion deal with Disney. Discontent with the pact is bubbling up to headquarters in Oak Brook, Ill., from powerful franchisees, who own most of the 30,000-plus McDonald's restaurants worldwide. One of the beefs is that Burbank-based Disney isn't churning out animated blockbusters as it once did.
July 21, 1998 |
McDonald's Corp. reported a 7% increase in profit for the second quarter Monday, but Wall Street pounded the fast-food giant's stock after the company warned investors of weaker performance for the rest of the year. The hamburger chain said it earned $468.8 million, or 66 cents a diluted share, up from $438.2 million, or 61 cents, in the year-ago period. Total sales rose 9% to $9.25 billion. U.S. operating profit rose 15% before a one-time charge, the biggest quarterly increase since 1984.
CALIFORNIA | LOCAL
August 27, 1998 |
A 30-year-old Antelope Valley man has sued a local McDonald's, alleging he was ridiculed and denied service by an employee because he is gay. The alleged incident took place on the morning of May 23 when Matt Rosenberg went to the restaurant at 2427 Avenue S East in Palmdale with his mother and young niece.
October 22, 1999 |
Coca-Cola Co. said Thursday that its profit fell 11% in the third quarter because of slow sales in Eastern Europe, Turkey and Russia and a recall in Europe. Net earnings dropped to $787 million, or 32 cents a share, from $888 million, or 36 cents a share, a year earlier--the fourth consecutive decline in quarterly earnings. The year-ago figure included 1 cent per share in one-time gains. Total sales grew 9.4% to $5.2 billion in the quarter.
December 6, 1996 |
Billionaire investor Warren Buffett disclosed that Berkshire Hathaway Inc., a holding company he controls, doubled its investment in McDonald's Corp. last year. In a year-old filing with the SEC just released, Berkshire disclosed that it held 9.34 million McDonald's shares worth $357.3 million at the end of September 1995. Those holdings are twice the 4.7 million McDonald's shares, valued at $181.9 million, that Berkshire reported holding at the end of June last year. McDonald's stock rose $1.