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Thursday, July 24, 2014

McDonald's suspends sale of chicken nuggets and other items in Hong Kong, (NYSE: MCD)

McDonald's Corp said it has suspended sales of its chicken nuggets and other items in Hong Kong after it acknowledged it had imported products from Shanghai Husi Food, the company at the centre of a food safety scare in China. McDonald's said in a statement late on Thursday it had imported certain products from Shanghai Husi between July last year to June this year, although no food items from the Shanghai supplier remained in stock.

McDonald?s Corporation franchises and operates McDonald?s restaurants in the global restaurant industry. Shares of MCD remained unchanged at $95.35. In the past year, the shares have traded as low as $92.22 and as high as $103.78. On average, 4466190 shares of MCD exchange hands on a given day and today's volume is recorded at 7781720.