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.
March 3, 2004 |
Say goodbye to those super-sized fries -- McDonald's is slimming down its menu. The hamburger giant has started phasing out its trademark Super Size fries and drinks in its 13,000-plus U.S. restaurants as part of an effort to simplify its menu and give customers choices that support a balanced lifestyle, a company spokesman said. McDonald's Corp. added entree salads last year and has been moving to provide more fruit, vegetable and yogurt options with its Happy Meals.
CALIFORNIA | LOCAL
October 10, 1996
Look for a smile today on Speedee's neon face in Downey. Officials are scheduled to announce today plans to restore, reopen and expand the nation's oldest surviving McDonald's hamburger stand. That McDonald's, at Lakewood Boulevard and Florence Avenue, was closed 22 months ago, triggering nationwide protests from fans of the red-and-white tile restaurant and its striking golden arches. "I'm so excited, I can hardly stand it," Downey's Mayor Joyce Lawrence declared Wednesday.
February 21, 1994 |
McDonald's Corp. says it is surpassing expectations in its bid to export its fast-food restaurants to the Middle East. James Skinner, senior vice president in charge of Middle East development, declined to disclose sales figures or say how long after its opening a Middle East restaurant begins to turn a profit.
February 25, 1994 |
It really doesn't take long for an American to start feeling at home here. For all of its Nordic differences, Norway comes off as a very Americanized country. The English spoken here by nearly everyone is much closer to American than British, and although all of the national and regional Norwegian foods are served proudly, anyone with a homesick palate can indulge it with little or no trouble.
July 6, 2005 |
McDonald's Corp., fresh from a makeover of its menu and ads, now wants to upgrade its restaurant staff uniforms to make them hipper and more befitting the MTV generation, a spokesman said Tuesday. "Our crew in many respects are ambassadors of our brand, and we want their attire to be consistent with that," said Bill Whitman, McDonald's USA spokesman.
November 26, 2008 |
McDonald's Corp. said Tuesday that it would increase the price of its $1 double cheeseburger to $1.19 in December to cover rising costs, ending the sandwich's run as the top-selling item on the 6-year-old dollar menu. The world's biggest restaurant company will also replace the double cheeseburger with the McDouble. The new sandwich consists of two beef patties and a single slice of cheese, or one slice less than the double, the company said.
September 23, 2008 |
McDonald's Corp., the world's largest restaurant company, told some U.S. franchisees to seek other ways to finance store improvements after Bank of America Corp. declined to increase lending. Store owners have exhausted the financing available to install latte and espresso makers and make other upgrades, McDonald's said in a memo obtained by Bloomberg News. BofA won't provide more money, the memo said, because it's in the midst of acquiring Merrill Lynch & Co. and coping with the debt markets.