Business briefs: McDonald's stock goes up

McDonald's Corp’s stock surged to an all-time high of $54.68 after it announced the largest dividend increase in its history and pledged to return more money to shareholders than Wall Street expected. The dollar’s record low against the euro also boosted McDonald’s (MCD), which has more than 6,000 restaurants in Europe. The increase came a day after McDonald’s raised its annual dividend.

ALAN GREENSPAN

In a CBS “60 Minutes” interview to be broadcast Sunday, the former Federal Reserve chairman acknowledges he failed to see early on that an explosion of mortgages to people with questionable credit histories could pose a danger to the economy. Greenspan said he was aware of “subprime” lending practices, but he said he didn’t initially realize the harm they could do.

businessBusiness & Real Estate

If you find our journalism valuable and relevant, please consider joining our Examiner membership program.
Find out more at www.sfexaminer.com/join/

Just Posted

School district, teachers reach tentative agreement on distance learning

With less than two weeks until the start of the school year,… Continue reading

Boudin, Gascon defend NFL in controversy over Stephon Clark video

Public service announcement prompted pushback from California prosecutors association

State bill would allow families of police brutality victims to seek compensation

A group of state and local officials on Thursday joined two family… Continue reading

Retired officers seek end to decade-old age discrimination case

Retired officer Juanita Stockwell was 60 when she and her colleagues first… Continue reading

San Francisco schools estimate $25m needed to close digital divide

Private donations being sought to fund internet access, technology

Most Read