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McDonald's 'Recession Resistant'

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McDonald’s, based in Oak Brook, continues to do well in spite of the economic downturn. The fast-food giant says third quarter profits are up 11-percent.

The weak economy has hit some mid-priced restaurants hard, as diners look to cut costs. But so far, many fast-food companies, like McDonald’s, are thriving.

McDonald’s says its profits have been driven by growth abroad and strong sales here in the U.S.

On a conference call today, CEO Jim Skinner told investors the business remains quote “recession resistant”. He says the chain’s dollar menu is helping attract traffic to stores and McDonald’s mainstays like Big Macs continue to sell well.

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