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BUSINESS
June 14, 2004 | Richard Verrier, Times Staff Writer
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.
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BUSINESS
May 25, 2004 | From Bloomberg News
McDonald's Corp. will rent out DVDs at 105 of its Denver locations to offer customers movies to go with their burgers and fries. McDonald's already offers automated digital video disc rentals at kiosks in 34 Denver stores. The remaining kiosks will be installed next month. The kiosks, made by Los Gatos, Calif.-based DVDPlay Inc., hold as many as 350 copies of the top 25 or 30 titles. McDonald's DVDs rent for $1 a day, a spokeswoman said.
BUSINESS
April 20, 2004 | From Reuters
McDonald's Corp. Chairman and Chief Executive Jim Cantalupo, credited with recently turning around the iconic American fast-food company, died Monday of what appeared to be a heart attack, and the company named a successor within hours. McDonald's appointed Australian Charlie Bell, the 43-year-old chief operating officer who had been seen as heir apparent, to replace Cantalupo as its first non-American CEO. Cantalupo, 60, died while attending a McDonald's franchisee convention in Orlando, Fla.
BUSINESS
March 22, 2004 | Jeff Leeds, Times Staff Writer
Hungry for a taste of the online music business, Sony Corp. is aiming to line up McDonald's Corp. to market the Japanese conglomerate's new download service, according to people familiar with the deal. The two companies have been hammering out the details of a pact in which McDonald's would provide fast-food diners with free songs from Sony's online music store, Sony Connect, these people said. The deal is expected to be announced this week.
BUSINESS
March 3, 2004 | From Associated Press
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.
SPORTS
February 13, 2004 | From Associated Press
Houston Rocket All-Star center Yao Ming is the new global spokesman for McDonald's, which let Kobe Bryant's contract expire after he was accused of rape. Yao's multiyear sponsorship deal was announced Thursday at a McDonald's outlet inside the Los Angeles Convention Center. Yao is in town to play in Sunday's NBA All-Star game. Bryant's three-year deal with the fast-food company expired Dec. 31. The Laker guard has lost other endorsement deals since being charged with sexual assault.
BUSINESS
January 27, 2004 | From Associated Press
McDonald's Corp. capped a turnaround year with a modest $125.7-million profit in the fourth quarter, posting strong sales and operating results as it continued a resurgence under Chief Executive Jim Cantalupo. Net income amounted to 10 cents a share, contrasted with a loss of $343.8 million, or 27 cents a share, in the fourth quarter of 2002. Except for the unprecedented loss a year earlier, the latest quarter was the company's least profitable in more than a decade.
BUSINESS
September 3, 2003 | From Associated Press
McDonald's Corp. on Tuesday launched a global advertising campaign featuring pop star Justin Timberlake in a bid to freshen the burger giant's image and boost business. The ads, which made their debut on German television as the company unveiled the new concept in Munich, are part of a turnaround push that has seen the company bring in a new chief executive and close hundreds of under-performing restaurants.
BUSINESS
July 30, 2003 | From Associated Press
New salads helped McDonald's Corp. serve up significantly stronger U.S. sales in the second quarter, the company said Tuesday, but profit fell 5% on spotty results from its restaurants in Europe and Asia. Despite the biggest quarterly jump in sales since 1998 from established U.S. McDonald's-brand restaurants, disappointing results overseas kept talk of a long-sought turnaround on hold. Net income for the April-through-June period was $470.9 million, or 37 cents a share, down from $497.
BUSINESS
June 20, 2003 | From Associated Press
McDonald's Corp. said Thursday that it was directing its meat suppliers worldwide to phase out the routine use of growth-promoting antibiotics in animals because of concerns that the practice lessens the drugs' effectiveness in humans. McDonald's is the first major fast-food chain to take such a step. The decision by the world's biggest restaurant company came after a year of consultations with environmental, science and consumer groups that had pushed for cutbacks.
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