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4/2/15: Shares of McDonald's Corp. (NYSE: MCD) slipped 0.5% this morning on news the firm plans to boost pay and benefits for some 90,000 employees. The company has been under pressure from activists to increase its minimum wage to $15 an hour. However, the fast-food giant said it will increase pay by $1 or more above the minimum wage. The firm says it is doing so in order to attract better talent, and raises will take effect on July 1. Note that the raise only applies to workers in company-owned stores – and not in franchises.