McDonald’s Corp. plans to increase planned general and administrative cost cuts to $500 million, take on more debt and return more cash to shareholders as the latest part of its
turnaround plan, the company said Tuesday. The Oak Brook, Ill.-based quick-service operator plans to refranchise a total of 4,000 restaurants by 2018, and is planning for a long-term goal to be 95%
franchised. What it won't do is a real estate spinoff, though investors were seeking that move.
Read the whole story at Nation's Restaurant News »