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  • SHANGHAI, July 23- Shanghai police said on Wednesday they detained five people in an investigation into a Chinese-based supplier of foreign fast-food brands, including KFC, McDonald's Corp and coffee chain Starbucks Corp, over allegations the firm supplied old and rotten meat.

  • China detains employees of suspect meat seller Wednesday, 23 Jul 2014 | 1:51 AM ET

    Some of the illegal conduct was an "arrangement organized by the company," the deputy director of the agency's Shanghai bureau, Gu Zhenghua, told the official Xinhua News Agency. Those in criminal detention include Husi's quality manager, the Shanghai police department said on its microblog account.

  • SHANGHAI, July 23- Food safety violations at Shanghai Husi Food Co Ltd, a supplier to global brands including McDonald's Corp and Yum Brands Inc, were company-led and not the acts of individuals, the official Xinhua news agency said, citing the Shanghai food and drug watchdog.

  • SHANGHAI, July 23- A Chinese food watchdog said food safety violations at Shanghai Husi Food Co Ltd, a supplier to global brands including McDonald's Corp and Yum Brands Inc, were company-led and not the acts of individuals, the official Xinhua news agency reported late on Tuesday.

  • Final Glance: Restaurant companies Tuesday, 22 Jul 2014 | 6:02 PM ET

    Brinker International Inc. rose$. 08 or. 2 percent, to $45.14. Chipotle Mexican Grill Inc. rose $69.84 or 11.8 percent, to $659.77. Papa John's International Inc. rose$. 71 or 1.7 percent, to $41.78.

  • July 22- McDonald's Corp feels "a bit deceived" by the audit it received for Shanghai Husi Food Co Ltd, a China supplier that was shut down this week after a TV report showed workers mishandling meat, Chief Executive Don Thompson said on Tuesday.

  • McDonald's problems self-inflicted?     Tuesday, 22 Jul 2014 | 2:50 PM ET

    As McDonald's profits slip and Chipotle soars, R.J. Hottovy, Morningstar, discusses what's gone wrong for McDonald's and if their problems are self-inflicted or market based.

  • Midday Glance: Restaurant companies Tuesday, 22 Jul 2014 | 1:57 PM ET

    Brinker International Inc. rose$. 44 or 1.0 percent, to $45.50. Chipotle Mexican Grill Inc. rose $76.92 or 13.0 percent, to $666.85. Darden Restaurants Inc. rose$. 19 or. 4 percent, to $44.21.

  • McDonald's 'a bit deceived' after China meat audit Tuesday, 22 Jul 2014 | 1:44 PM ET
    Workers producing food at the Shanghai Husi Food Co., a factory of US food provider OSI Group, on July 20, 2014, in Shanghai.

    An audit of supplier Shanghai Husi Food left McDonald's "a bit deceived" following news of expired meat being served at its China locations.

  • July 22- McDonald's Corp Chief Executive Don Thompson said the company feels "a bit deceived" by the audit it received for China supplier Shanghai Husi Food Co Ltd, which was shut down after a television report showed workers mishandling meat and mixing fresh meat with product past its expiration date.

  • Russian unrest hits key McDonald's market Tuesday, 22 Jul 2014 | 1:17 PM ET
    A logo on display outside a McDonald's food restaurant in Moscow, Russia.

    As McDonald's discussed another tough quarter with analysts, it singled out the shaky situation in Russia as part of its recent problems.

  • Midday movers: Herbalife, Lennar, McDonald's & More Tuesday, 22 Jul 2014 | 1:07 PM ET
    Trader on the floor of the New York Stock Exchange.

    Some of Tuesday's midday movers:

  • Early Glance: Restaurant companies Tuesday, 22 Jul 2014 | 11:16 AM ET

    Brinker International Inc. rose$. 40 or. 9 percent, to $45.46. Chipotle Mexican Grill Inc. rose $68.90 or 11.7 percent, to $658.83. Darden Restaurants Inc. rose$. 20 or. 5 percent, to $44.22.

  • July 22- Quarterly profit at McDonald's Corp fell more than expected after established restaurants in its struggling U.S. division turned in a third straight quarterly sales decline and results from Europe also logged a surprise drop.

  • McDonald's profit falls on weak US, Europe sales Tuesday, 22 Jul 2014 | 9:55 AM ET

    McDonald's quarterly profit slipped about 1 percent as comparable sales in its struggling U.S. business fell, hurt by lower consumer traffic.

  • July 22- McDonald's Corp reported a lower-than-expected quarterly profit as comparable sales in its struggling U.S. business fell for the third straight quarter and sales in Europe declined for the first time in four quarters.

  • US futures add to gains after June CPI data Tuesday, 22 Jul 2014 | 8:50 AM ET

    U.S. stock index futures rose on Tuesday, as developments over the downed Malaysia Airlines plane helped stabilize sentiment.

  • McDonald's profit falls on weak U.S. sales Tuesday, 22 Jul 2014 | 8:28 AM ET

    July 22- McDonald's Corp's quarterly profit slipped about 1 percent as comparable sales in its struggling U.S. business fell, hurt by lower consumer traffic. The company's net income fell to $1.39 billion, or $1.40 per share, in the second quarter ended June 30 from $1.40 billion, or $1.38 per share, a year earlier.

  • McDonald's profit slips; US sales decline Tuesday, 22 Jul 2014 | 8:24 AM ET

    OAK BROOK, Ill.— McDonald's Corp. said its profit slipped in the second quarter as sales in the U.S. continued to flag. The company, based in Oak Brook, Illinois, hasn't managed to raise the figure since October. A stronger performance in the unit encompassing Asia, the Middle East and Africa helped offset a decline in Europe.

  • Early movers: KO, MCD, VZ, AAPL, NFLX, CS & more Tuesday, 22 Jul 2014 | 8:06 AM ET
    Traders work the floor of the New York Stock Exchange.

    Some of the names on the move ahead of the open.