McDonald’s Jumps as CFO Discusses Returning Cash
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McDonald’s Corp., the world’s largest restaurant chain, rose the most in more than two years after Chief Financial Officer Pete Bensen said the company may look to cut costs and borrow more cash to return to investors.
The shares climbed 3.8 percent to $98.78 at the close in New York for the biggest gain since Aug. 9, 2011. Oak Brook, Illinois-based McDonald’s has advanced 1.8 percent this year, while the Standard & Poor’s 500 Restaurants Index has increased