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Feds side with McDonald's franchise owners in battle to fix ice cream machines
New York Post· 2024-03-15 17:32
The federal government wants to make it legal for McDonald’s franchise owners to use a third-party hacking device to fix chronically broken ice cream machines after the fast-food giant was sued because it didn’t allow them to do so.The Federal Trade Commission and the antitrust unit of the Department of Justice are asking the US Copyright Office to approve an exemption to copyright law that would allow business owners to repair “commercial and industrial equipment.”The feds said that not allowing business o ...
McDonald's Apologizes for Tech Issues at Locations Across Several Countries
Investopedia· 2024-03-15 14:30
Key TakeawaysMcDonald's restaurants in a number of countries experienced what the company is calling a "technology outage" Friday.Locations in Japan, Australia, and other countries reported issues with self-ordering kiosks.Some restaurants closed, while others transitioned to taking orders with a pen and paper, only accepting cash. McDonald's (MCD) suffered a widespread "technology outage" Friday across a number of countries, from Australia to the U.K. and Japan, among others. Some locations closed due to t ...
McDonald's Stock Lower After Global Tech Outage
Schaeffers Research· 2024-03-15 13:08
McDonald's Corp (NYSE:MCD) stores in the U.K., Australia, New Zealand, and Japan suffered a technology outage that reportedly left customers able to pay only in cash, while employees took orders on paper, and some locations suspended operations. The fast food giant said it was working to address the issue, and that it was not related to a cyberattack.MCD is down 0.4% at $280.50 ahead of the open, pacing for a third-straight daily drop after slipping below support from the 100-day moving average. Shares are ...
McDonald's suffers global tech outage forcing some restaurants to halt operations
CNBC· 2024-03-15 11:05
A sign for the U.S. fast food restaurant chain McDonald's is seen outside one of their restaurants in Sint-Pieters-Leeuw, near Brussels, Belgium March 4, 2024.McDonald's suffered a system failure on Friday that left many customers in many parts of the world unable to order food.A spokesperson for the Australian unit of the fast food chain reportedly said it was working to resolve the issue as soon as possible. McDonald's Japan took to social media site X to say that operations at stores nationwide were temp ...
McDonald's Outage Halts Operations Across Europe And Asia Pacific
Forbes· 2024-03-15 10:58
ToplineFast food giant McDonald’s has been hit by a major systems failure on Friday, throwing the popular chain into disarray mostly across Europe and Asia Pacific as the outage forced it to shut stores and suspend orders through its app.McDonald's has suffered a tech outage affecting operations across Asia Pacific and Europe.Getty Images Key FactsThe system failure appears to have affected customers in areas around the world including Australia, New Zealand, Japan, Hong Kong, the U.K., Sweden, Germany, Aus ...
McDonald's customers in UK say restaurants are closed after IT outage reported in countries across the world
Skynews· 2024-03-15 09:47
McDonald's customers say they have been turned away from restaurants around the world, including in the UK, after the fast food chain was hit by major IT problems.British diners have complained about restaurants being shut, despite many being able to place orders through the company's app. McDonald's Japan has halted all operations at most of its 3,000 stores due to a system disruption, while the company's Australia spokesperson told the Guardian newspaper it was aware of an outage affecting its outlets.The ...
McDonald's Corporation (MCD) Presents at UBS Global Consumer and Retail Conference (Transcript)
2024-03-13 15:45
McDonald's Corporation (NYSE:MCD) UBS Global Consumer and Retail Conference March 13, 2024 9:00 AM ET Company Participants Ian Borden - Chief Financial Officer Mike Cieplak - Treasurer & Investor Relations Conference Call Participants Dennis Geiger - UBS Dennis Geiger Okay. Good morning. I'm Dennis Geiger, Restaurant Analyst at UBS. I'm pleased to welcome and excited to have with us on stage Ian Borden, CFO of McDonald's; as well as Mike Cieplak McDonald's Treasurer and Investor Relations; and Scott Meeder ...
McDonald's: The Reasons We Are Turning More Bullish
Seeking Alpha· 2024-03-12 08:27
spflaum1/iStock Editorial via Getty Images McDonald's (NYSE:MCD), a global icon in the fast-food industry, has transcended culinary boundaries since its inception in 1955. Revered for its signature golden arches and iconic offerings, the brand has become synonymous with convenience, affordability, and consistent quality. Operating in over 100 countries, McDonald's has evolved to cater to diverse tastes and cultural nuances while maintaining a steadfast commitment to innovation. Beyond its famed hamburge ...
McDonald's (MCD) Advances While Market Declines: Some Information for Investors
Zacks Investment Research· 2024-03-11 22:51
The most recent trading session ended with McDonald's (MCD) standing at $294.82, reflecting a +0.78% shift from the previouse trading day's closing. The stock outpaced the S&P 500's daily loss of 0.11%. Elsewhere, the Dow gained 0.12%, while the tech-heavy Nasdaq lost 0.41%.Coming into today, shares of the world's biggest hamburger chain had gained 1.06% in the past month. In that same time, the Retail-Wholesale sector gained 2.97%, while the S&P 500 gained 2.7%.The investment community will be paying close ...
McDonald's and other restaurant chains look to the Sun Belt for growth as population soars
CNBC· 2024-03-09 13:00
In this articleBROSMCDPTLOA Portillo's Beef Bus in Kissimmee, Florida.Source: Portillo'sWhen Chicago-based Portillo's enters a new market, it sends its "Beef Bus" ahead of time, slinging its hot dogs and Italian beef sandwiches to new customers for weeks, introducing them to the brand and whetting their appetites before a new restaurant finally opens.Recently, the Beef Bus has been making a lot of trips to the Sun Belt."Texas, by itself, has grown more people in the last decade than eight midwestern states ...