Klovnen
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CORPSE-PEDDLER McDEATH DYING - SHUTS DOWN RESTAURANTS, SLASHES POSITIONS - 2005/06/11 22:08
McDonald`s to Close 175 Restaurants
By Deborah Cohen Friday, November 8, 2002
Chicago (Reuters) - Fast-food giant McDonald`s Corp. said on Friday it would shutter about 175 restaurants -- its second major round of closings in two years -- and slash up to 600 worldwide corporate positions, as it struggles to turn around its U.S. performance and trim worldwide costs.
The Oak Brook, Illinois-based company said the actions will reduce fourth-quarter earnings by $350 million to $425 million, forcing its to miss its 2002 earnings forecast. The shortfall stems from the combined effect of the cost of closing stores and losing their revenues, a spokeswoman said.
McDonald`s shares fell by as much as 13 percent on the
pushed down the stock of competitors such as hamburger rival Wendy`s International Inc. and Taco Bell parent Yum! Brands Inc. . . . ?[...]
Jai Maharaj http://www.mantra.com/jai Om Shanti
Diwali Greetings!
Panchaang for 4 Kartik 5103, Friday, November 8, 2002:
Chitrabhanu Nama Samvatsare Dakshinaya Jeevana Ritau Tula Mase Shukla Pakshe Shukra Vasara Yuktayam Poorvashadha Nakshatra Dhriti Yoga Bava-Balava Karana Panchami Yam Tithau
Hindu Holocaust Museum http://www.mantra.com/holocaust
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