McDonalds to Expand in Europe

Oak Brook, Ill. McDonalds Corp. has plans to expand throughout Europe this year, according to the International Business Times.

McDonalds aims to remodel restaurants and open 240 new units across Europe, adding a total of about 12,000 new jobs mostly in Spain, France, Italy, Russia and Poland.

The expansion will cost McDonald's an investment of $1.1 billion, almost half of its total capital allocated for the full year.

The report also said that the company performed well in 2008, seeing its share price go up by 7%.