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Consumer Sector Update: June 8, 2011

Financial News Network
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June 08, 2011 AT 8:05 PM
Consumer shares are higher in mid-day trading while McDonald's (NYSE:MCD) turns positive after briefly dipping into red this morning. McDonald's said May global comparable sales rose 3.1%. U.S. comparable sales increased 2.4%, Europe up 2.3% and AsiaPacific, Middle East and Africa up 4.3%. Meanwhile, shares of The Hershey Company (NYSE:HSY) are higher after news that the food products company has held discussions with former Cadbury Plc Chief Executive Officer Todd Stitzer about taking a board seat