Dow Jones News: McDonald's Suffers Steep Sales Decline; Analysts Wrangle Over Apple [The Motley Fool]
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were broadly higher by Wednesday afternoon, with theDow Jones Industrial Average(DJINDICES:^DJIMcDonald'sNYSE:MCDAppleNASDAQ:AAPLtech giantMcDonald's reports rough results, pulls guidanceWhile fast food giant McDonald's is better suited for a world of takeout, drive-through, and delivery than most restaurants, the companystill struggled in MarchImage source: McDonald's.Roughly of McDonald's restaurants are operational globally, and the majority of those are focused on takeout, drive-through, and delivery. Most restaurants that are closed in the U.S. are in locations like malls. In Europe, restaurants have been closed entirely in certain markets, including France, Italy, and Spain.Given the difficult environment, McDonald's plans to reduce its capital expenditures in 00 by about $ billion. The company has also suspended its share repurchase program, and it's helping franchisees by granting deferrals of certain rent and royalty payments in many markets.McDonald's also joined the growin
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