Tuesday, July 24, 2007

McDonald's posts loss after Latin America charge

(Reuters) - Excluding the Latin America charge, McDonald's earned 71
cents a share, in line with a better-than-expected forecast the
fast-food chain gave last week.




In April, McDonald's said it would sell about 1,600
restaurants in Latin America and the Caribbean to a franchisee
so it could focus resources on markets where it sees the
biggest opportunities for growth, such as China.


Read more at Reuters.com Market News

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