date:Aug 05, 2014
McDonald's Corp said its business has been hurt by China's latest food scare that forced restaurants in the region to temporarily pull meat items from menus.
An undercover local Chinese TV report on July 20 showed workers at Shanghai Husi Food Co Ltd using expired meat and doctoring food production dates. Regulators immediately closed the factory, which is part of OSI Group LLC, a U.S. food supplier and important McDonald's partner.
While this matter will negatively impact results in the near