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BUSINESS
July 21, 2004 | From Times Staff and Wire Reports
The convictions of four men in a multimillion-dollar scheme to cash in on stolen winning tickets in McDonald's Corp. games such as "Who Wants to Be a Millionaire" were voided by a federal appeals court in Florida. A three-judge panel of the U.S. 11th Circuit Court of Appeals found "a complete failure of proof" on the conspiracy charge each man faced.
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BUSINESS
July 16, 2004 | From Bloomberg News and Associated Press
McDonald's Corp. CEO Charlie Bell announced new titles and expanded responsibilities for four top managers, his first major executive moves since assuming the top job in April. McDonald's promoted Mike Roberts to chief executive of McDonald's USA from president after sales in the U.S. had risen for 15 consecutive months. Vice Chairman Jim Skinner's responsibilities have expanded to include oversight of operations in Asia, the Middle East, Africa and Latin America, the company said.
BUSINESS
July 15, 2004 | From Associated Press
A sales resurgence at McDonald's Corp. carried it to better-than-expected profit this spring, the company said -- an announcement that sent its stock up sharply. Based on preliminary numbers, the fast-food giant expects to surpass Wall Street's forecast with earnings of about 47 cents a share when it reports second-quarter results July 22. Analysts surveyed by Thomson First Call had pegged earnings at 44 cents a share. McDonald's reported a 7.
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.
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.
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