The fast-food chain is also disposing of a bakery unit and refinancing some debt.
The fast-good giant plans to streamline management, refranchise more restaurants, and return as much as $9 billion to shareholders this year.
Still, given the fall in energy prices, Moody's expects the speculative-grade default rate to rise to 3.1% in 2016.
As the euro plummets and the dollar soars, U.S. exporters and multinationals try to limit the damage to revenues and earnings.
Finance executives want to deploy cash, but they are becoming less inclined to lower their cash cushions.
The struggling cosmetics company postponed an investor meeting, sparking rumors of a major strategic move.
But they worry lawmakers won't take into account the impact on small businesses when considering changes to the tax code.
By demanding share buybacks and dividends, which are paid out of cash reserves, activists threaten debt repayments.
After 15 years in the business, a finance chief describes how audit firms operate, manage growth, and pay their partners.
The board votes to delay implementation for one year, after previously debating a two-year deferral.