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News submitted by Betsy Vereckey (Associated Press)

McDonald's July same-store sales rise 8 percent

Despite a tough U.S. economy, McDonald’s Corp. posted an 8 percent gain in July same-store sales on Friday as hungry consumers worldwide lined up for breakfast items and the classic Big Mac sandwich.

Many consumers have cut back on eating out amid economic weakness and rising gasoline prices, but business at the Golden Arches held up well in July, especially in the U.S.

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