McDonald's posts strong second quarter profit, names new chief of US operations

McDonald’s posted higher second-quarter profit and revenue, though sales growth in its US market slowed as cautious consumers curbed spending. The company appointed a new US president, expanded value offerings and aims to revive momentum in its largest market amid economic…

McDonald’s posted a strong profit in its second quarter and named a new chief of U.S. operations as sales in the U.S. continue to be impacted by Americans’ cautious spending