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McDonald's reset to change structure, cut costs, boost franchises

Last Updated: Tuesday, May 5, 2015, 08:55

McDonald`s Corp`s new chief executive officer said on Monday he would reorganize business units, sell restaurants to franchisees and cut costs in a bid to turn the fast-food chain into a "modern, progressive burger company."

McDonald's CEO releases turnaround plan, stock dips

Last Updated: Monday, May 4, 2015, 19:29

McDonald`s Corp`s new chief executive officer on Monday laid out a turnaround plan that includes reorganizing the company`s operating units, selling more restaurants to franchisees and cutting costs.

McDonald's global sales drop in February

Last Updated: Monday, March 9, 2015, 18:41

McDonald's says global sales declined in February, including a 4 percent drop in the US that the company blamed on "aggressive competitive activity."