McDonald's Settles French Tax Case For $1.3B: WSJ

• McDonald's Corp (NYSE:MCD) has agreed to settle a tax dispute in France by paying about $1.3 billion in fines and back taxes, the Wall Street Journal reported.
• The fast-food giant has been facing a probe in France over the proper declaration of all its activities.
• The deal's details are expected to be disclosed at a court hearing in Paris on Thursday.
• The tax case is more than five years old, when in 2014, officials doubted whether McDonald's was redirecting fees paid by its franchise restaurants to units in other countries.
• Price Action: MCD shares are trading lower by 0.45% at $237.69 on the last check Wednesday.
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