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BUSINESS
September 14, 2000 | Bloomberg News
McDonald's Corp., the world's largest restaurant company, said that the effect of weak foreign currencies against a strong U.S. dollar could dampen its 2000 earnings by as much as 7 cents a share, 2 cents more than previously expected. Analysts had forecast McDonald's to earn $1.52 a share in the year, up from $1.39 in 1999, according to First Call/Thomson Financial. McDonald's shares fell $1.81 to close at $27.19 on the New York Stock Exchange.
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BUSINESS
October 19, 2012 | By Walter Hamilton, Los Angeles Times
Gray Friday? It was just a quirk of the calendar that stocks fell hard on the quarter-century anniversary of the 1987 market crash. Friday's 205-point drop in the Dow Jones industrial average was far less dramatic than the infamous 508-point collapse on Black Monday, which at the time was a 23% plunge. Still, investors were rattled by disappointing earnings reports from bellwethers such as General Electric Co., Microsoft Corp. and McDonald's Corp. The Dow suffered its worst drubbing in four months, skidding 205.43 points, or 1.5%, to 13,343.51.
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BUSINESS
June 20, 1991 | From Times Staff and Wire Reports
McDonald's to Expand in Eastern Europe: Helmut Hecher, vice president for construction of McDonald's Europe, said in Vienna that the company will open its first restaurants in Poland and Czechoslovakia this year. Business in Hungary and Yugoslavia is booming, Hecher said--and several restaurants will be added in both countries this year and next.
CALIFORNIA | LOCAL
January 17, 2005 | From Bloomberg News
Charlie Bell, who served seven months last year as chief executive of McDonald's Corp., died Sunday. He was 44. Bell was diagnosed with colorectal cancer in May 2004 and resigned from the company in November, McDonald's said in a statement. He died in Sydney, Australia, his hometown. Bell was named chief executive in April 2004 following the death of Jim Cantalupo. In that post, he focused on boosting European sales and took the company into the $17.3-billion market for deli sandwiches.
BUSINESS
November 1, 1987 | SHARON WARREN WALSH, The Washington Post
Quality Inns International Inc., which last month introduced a chain of economy hotels called McSleep Inn, has fired the first legal shot at McDonald's in a battle over the McSleep name. Quality, a lodging company based in Silver Spring, Md., filed suit against McDonald's in U.S. District Court in Maryland, asking the court to declare that McSleep does not infringe on the fast-food chain's trademarks.
CALIFORNIA | LOCAL
January 6, 1993
David Wallerstein, 87, an innovative motion picture exhibitor and more recently a director of McDonald's Corp. Wallerstein retired in 1965 as president of Balaban & Katz Corp., at that time the largest movie theater chain in the Midwest. The chain evolved into ABC/Plitt Theatres. Wallerstein joined the McDonald's board in 1968 at the request of founder Ray Kroc.
BUSINESS
December 20, 1989 | From Times Staff and Wire Reports
Michael R. Quinlan, president and chief executive of McDonald's Corp., will succeed Fred L. Turner as chairman of the world's largest restaurant chain on March 31. Quinlan, 45, said in an interview that he wants to put the Golden Arches in China and that McDonald's customers will likely see more dinner-type meals added to the menu in coming years. "The challenge to McDonald's is to be more things to more people, the same philosophy we've been following for many years now," Quinlan said.
CALIFORNIA | LOCAL
January 17, 2005 | From Bloomberg News
Charlie Bell, who served seven months last year as chief executive of McDonald's Corp., died Sunday. He was 44. Bell was diagnosed with colorectal cancer in May 2004 and resigned from the company in November, McDonald's said in a statement. He died in Sydney, Australia, his hometown. Bell was named chief executive in April 2004 following the death of Jim Cantalupo. In that post, he focused on boosting European sales and took the company into the $17.3-billion market for deli sandwiches.
CALIFORNIA | LOCAL
April 20, 2004 | From Associated Press
Jim Cantalupo, the chairman and chief executive of McDonald's Corp. who orchestrated a turnaround of the fast-food giant after overseeing the proliferation of its restaurants worldwide in the 1980s and '90s, died of a heart attack Monday. He was 60. Cantalupo was stricken in Orlando, where McDonald's was holding its international franchisees convention. The company said he suffered the heart attack at his hotel just after 4 a.m. and died at a hospital a short time later.
BUSINESS
January 9, 2014 | By Stuart Pfeifer
A woman has filed suit against McDonald's Corp., saying she was burned by hot coffee that spilled on her at one of the fast-food chain's Los Angeles restaurants. The lawsuit comes 20 years after a jury awarded $2.9 million to a woman who was badly burned after she spilled hot coffee into her lap at a McDonald's in Albuquerque. That verdict was widely criticized and became a rallying cry for advocates of legal reform. A judge later reduced the verdict to $640,000 and the case settled out of court for an undisclosed amount.
CALIFORNIA | LOCAL
April 20, 2004 | From Associated Press
Jim Cantalupo, the chairman and chief executive of McDonald's Corp. who orchestrated a turnaround of the fast-food giant after overseeing the proliferation of its restaurants worldwide in the 1980s and '90s, died of a heart attack Monday. He was 60. Cantalupo was stricken in Orlando, where McDonald's was holding its international franchisees convention. The company said he suffered the heart attack at his hotel just after 4 a.m. and died at a hospital a short time later.
BUSINESS
September 14, 2000 | Bloomberg News
McDonald's Corp., the world's largest restaurant company, said that the effect of weak foreign currencies against a strong U.S. dollar could dampen its 2000 earnings by as much as 7 cents a share, 2 cents more than previously expected. Analysts had forecast McDonald's to earn $1.52 a share in the year, up from $1.39 in 1999, according to First Call/Thomson Financial. McDonald's shares fell $1.81 to close at $27.19 on the New York Stock Exchange.
CALIFORNIA | LOCAL
January 6, 1993
David Wallerstein, 87, an innovative motion picture exhibitor and more recently a director of McDonald's Corp. Wallerstein retired in 1965 as president of Balaban & Katz Corp., at that time the largest movie theater chain in the Midwest. The chain evolved into ABC/Plitt Theatres. Wallerstein joined the McDonald's board in 1968 at the request of founder Ray Kroc.
CALIFORNIA | LOCAL
December 4, 1991 | ERIC MALNIC, TIMES STAFF WRITER
A jury in Bakersfield ordered the McDonald's Corp. to pay the major share of $700,000 in punitive damages awarded Tuesday to the family of a 9-year-old girl whose leg was broken while she was using playground equipment at one of the chain's restaurants. On Monday, the same Kern County Superior Court jury had held McDonald's and JBI Inc. of Long Beach, manufacturers of the equipment, liable for $43,900 in general damages for the injury Marlena Escalera suffered Dec.
BUSINESS
June 20, 1991 | From Times Staff and Wire Reports
McDonald's to Expand in Eastern Europe: Helmut Hecher, vice president for construction of McDonald's Europe, said in Vienna that the company will open its first restaurants in Poland and Czechoslovakia this year. Business in Hungary and Yugoslavia is booming, Hecher said--and several restaurants will be added in both countries this year and next.
BUSINESS
December 20, 1989 | From Times Staff and Wire Reports
Michael R. Quinlan, president and chief executive of McDonald's Corp., will succeed Fred L. Turner as chairman of the world's largest restaurant chain on March 31. Quinlan, 45, said in an interview that he wants to put the Golden Arches in China and that McDonald's customers will likely see more dinner-type meals added to the menu in coming years. "The challenge to McDonald's is to be more things to more people, the same philosophy we've been following for many years now," Quinlan said.
CALIFORNIA | LOCAL
December 4, 1991 | ERIC MALNIC, TIMES STAFF WRITER
A jury in Bakersfield ordered the McDonald's Corp. to pay the major share of $700,000 in punitive damages awarded Tuesday to the family of a 9-year-old girl whose leg was broken while she was using playground equipment at one of the chain's restaurants. On Monday, the same Kern County Superior Court jury had held McDonald's and JBI Inc. of Long Beach, manufacturers of the equipment, liable for $43,900 in general damages for the injury Marlena Escalera suffered Dec.
BUSINESS
October 19, 2012 | By Walter Hamilton, Los Angeles Times
Gray Friday? It was just a quirk of the calendar that stocks fell hard on the quarter-century anniversary of the 1987 market crash. Friday's 205-point drop in the Dow Jones industrial average was far less dramatic than the infamous 508-point collapse on Black Monday, which at the time was a 23% plunge. Still, investors were rattled by disappointing earnings reports from bellwethers such as General Electric Co., Microsoft Corp. and McDonald's Corp. The Dow suffered its worst drubbing in four months, skidding 205.43 points, or 1.5%, to 13,343.51.
BUSINESS
November 1, 1987 | SHARON WARREN WALSH, The Washington Post
Quality Inns International Inc., which last month introduced a chain of economy hotels called McSleep Inn, has fired the first legal shot at McDonald's in a battle over the McSleep name. Quality, a lodging company based in Silver Spring, Md., filed suit against McDonald's in U.S. District Court in Maryland, asking the court to declare that McSleep does not infringe on the fast-food chain's trademarks.
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