San Francisco ¨C McDonald¡¯s Corp., like many of the customers it serves, is trimming its spending and saving more cash.
The fast food company said Tuesday it will divest a significant stake in its Japan business and accelerate U.S. restaurant closures it had already planned for future years.
McDonald¡¯s said it will cut its ownership in McDonald¡¯s Holdings Co. Japan to at least 35 percent from 49 percent. It said the transaction could take a while because of the low trading volumes of McDonald¡¯s Japan shares.
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