http://www.montereyherald.com/mld/montereyherald/business/11979767.htmFast food chain stocks slip on mad cow
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MIKE COLIAS
Associated Press
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CHICAGO - Many fast food chains saw their stock prices slip in late trading Friday after the U.S. Department of Agriculture reported the second case of mad cow disease in the United States.
The sell-off was not nearly as severe as Dec. 24, 2003, however, when the first case of the brain-wasting mad cow disease sent many restaurant stocks into a tailspin.
On Friday, shares in those companies followed the rest of the market lower and dipped further after the USDA's announcement, which came about 90 minutes before the close of trading.
McDonald's Corp. shares dropped about 1 percent to $28.28, near its low for the day. Wendy's International Inc. closed down less than 1 percent to $46.53 and Outback Steakhouse Inc. dropped nearly 1 percent to close $45.05, a few cents off its Friday low.
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