Arcos Dorados Holdings Inc, a large South American franchisee of U.S. fastfood chain McDonald’s Corp, is planning to raise about $875 million in a stock offering and list its shares on the New York Stock Exchange. Get the full story »
McDonald's
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Marathon finish fueled by McDonald’s diet
From the Chicago Sun-Times | Palatine’s Joe D’Amico on Sunday completed the Los Angeles marathon with a personal best time after eating nothing but McDonald’s fast food for a month. D’Amico said he was not trying to make a political statement and did it because he loves McDonald’s and running and wanted to combine the two.Get the full story>>
Abbott, Kraft cited for women in management
The National Association for Female Executives named seven Illinois companies among its Top 50 companies for executive women.
Abbott of North Chicago and Kraft of Northfield were among the Top 10. Five others made the Top 50: Allstate Insurance of Northbrook; HSBC North America of Mettawa; McDonald’s Corp. of Oak Brook; Northern Trust of Chicago; and State Farm Insurance of Bloomington. Get the full story »
McDonald’s February sales up worldwide
McDonald’s Corp said global sales at established restaurants in February rose 3.9 percent, as strong sales in Europe helped offset a U.S. market that was hit by high unemployment and rising gasoline prices.
February sales at restaurants open at least 13 months were up 2.7 percent in the United States, helped by strong demand for its McCafe beverages, the fast-food hamburger chain said. Get the full story »
Subway knocks McDonald’s from restaurant throne
Workers at a Subway in Rosemont, Ill., April 8, 2010. (Lane Christiansen/Chicago Tribune)
It’s official: the Subway sandwich chain has surpassed Oak Brook-based McDonald’s Corp. as the world’s largest restaurant chain, in terms of units.
At the end of last year, Subway had 33,749 restaurants worldwide, according to a Subway spokesman, compared to McDonald’s 32,737. The burger giant disclosed its year-end store count in a Securities and Exchange Commission filing late last month. Get the full story »
Illinois employers get $41M for health coverage
A new federal report shows employers in Illinois received nearly $41 million last year to help them maintain health care coverage for early retirees. The federal funding comes from a program created by the Affordable Care Act, the national health care law. In Illinois, 337 employers have been accepted into the early retiree program. Get the full story »
McDonald’s pledges more investment in Russia
McDonald’s Corp. plans to boost investment into expansion of its Russian business this year to increase its foothold in the growing fast food restaurant market amid still sluggish competition. Get the full story »
Ronald sidelined as McDonald’s goes more upscale
Ronald McDonald waves to the crowd during the 2010 St. Patrick's Day Parade on Columbus Drive. (William DeShazer/Tribune)
From Bloomberg News | As McDonald’s Corp. morphs into a more upscale chain, there’s one person you won’t see munching salads, sipping a cappuccino and surfing the Web: Ronald McDonald, age 48.
While Ronald still plays an ambassador role, he isn’t tied to the menu, says spokeswoman Danya Proud. Even as mascots like Burger King’s King shill on TV and the Web, Ronald has ceded the limelight to budding singers and dancers who sell mochas and frappes — not Happy Meals. | Get the full story>>
McDonald’s India franchisee plans 30 more stores
McDonald’s Corp.’s Indian franchisee plans to set up 30 new restaurants in the southern and western parts of the country this year, as part of the restaurant chain’s expansion plans in Asia’s third-largest economy.
Speaking to Reuters in an interview, Hardcastle Restaurants Private Ltd Vice Chairman Amit Jatia said the franchisee would invest $111 million in India over the next three to four years. Get the full story »
Woman sues McDonald’s over glass in sandwich
A woman sued McDonald’s Corp , Friday, saying she was injured after chewing on a “large shard of glass” inside her spicy McChicken sandwich.
Vjollca Lecaj said she suffered severe and permanent oral injuries, as well as “great pain and anguish,” after biting into and chewing the glass last Aug. 5 at a McDonald’s in Oak Lawn, Illinois, near Chicago. Get the full story »
Largest McDonald’s franchisee plans U.S. IPO
The largest McDonald’s franchisee globally is planning a U.S. listing that could raise as much as $1 billion, the Financial Times said on Wednesday.
Arcos Dorados might file for an initial public offering within days and could start trading in New York in April, the newspaper said, citing unnamed sources. Get the full story »
McDonald’s rebounds in Europe; shares up
McDonald’s reported a stronger-than-expected sales rebound in January in Europe, its biggest market for revenue, sending its shares up nearly 3 percent in midday trading.
Sales at restaurants in Europe open at least 13 months jumped 7 percent last month, well above the 3.7 percent analysts had expected.
This was also a significant improvement from December, when sales in Europe fell 0.5 percent, rattling investors who worry that austerity measures will cut into spending in the region. Get the full story »
McDonald’s communications chief dead at 62
Jack Daly
Jack Daly, chief communications officer for McDonald’s Corp., died Saturday morning after a battle with cancer. He was 62.
“Through the depth of his thinking and strength of his insights, Jack helped guide McDonald’s through some of our greatest successes and most difficult challenges, always with humility, calmness and grace,” McDonald’s CEO Jim Skinner said in a statement.
A company veteran with nearly 20 years at the Oak Brook-based fast food giant, Daly oversaw the global public relations function.
Get the full story »
Snow hits home: Big companies, malls closed
Click here for photos of the 2011 Chicago blizzard
One of the biggest snowstorms in Chicago history has paralyzed businesses across the region.
The blizzard, which dumped more than 20 inches of snow on the Chicago area Tuesday night and Wednesday, will have a significant economic impact, as banks, retailers and other companies that rely on face-to-face contact with their customers were closed Wednesday or struggling to open.
DOWNTOWN
Downtown businesses were mostly abandoned Wednesday morning.
One of the only lights emanating from the Thompson Center came from the Dunkin’ Donuts. The newsstand, the salon, the nail parlor, which usually bustle with commuters from the Clark/Lake stop, were closed and darkened. Get the full story »
Hundreds of companies get health-care waivers
Hundreds of employers have received federal waivers from a new requirement in the health-care overhaul law.
Government figures show that 733 applicants, mainly employers and union-affiliated insurers, received an exemption from a requirement that puts their plans on the hook for up to $750,000 in eligible medical bills for each covered worker this year. Most of those plans now have reimbursement limits that are a fraction of that amount. Get the full story »
