04:22:34 EDT Sat 18 May 2024
Enter Symbol
or Name
USA
CA



McDonald's CDR (CAD Hedged)
Symbol MCDS
Shares Issued 1,050,000
Close 2024-01-10 C$ 26.10
Market Cap C$ 27,405,000
Recent Sedar Documents

Globe/NYT say war crimps McDonald's Israeli tray maker

2024-01-11 07:40 ET - In the News

The Globe and Mail reports in its Thursday, Jan. 11, edition that at 6:45 a.m. on Oct. 7, Jack (Tato) Bigio, the founder of the technology company UBQ Materials, talked to his chief operating officer, who said that terrorists were on his kibbutz. A New York Times dispatch to The Globe reports that other employees texted that they were hiding in safe rooms, and one said her husband had been shot in the stomach. The attack by Hamas on Israel forced UBQ to shut its plant, located 32 kilometres from the Gaza Strip border, and left its employees in shock. Two employees were murdered. Many lost their homes and were relocated 160 kilometres away. Founded in 2012, UBQ uses technology that turns household garbage into a plastic substitute used to make tables and chairs, McDonald's trays and car parts for Mercedes-Benz. UBQ was able to get up and running within three weeks, but many others are facing continuing problems with operations and financing. Israel's technology sector accounts for almost half of all exports and one-fifth of economic output. The Organization for Economic Co-operation and Development said, the war will cause a "temporary but pronounced slowdown" of Israel's economy.

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