McDonald's In Contact With FIFA Over 'extremely Concerning' Corruption Charges

McDonald's Corp. said in an emailed statement to MarketWatch that the news from the U.S. Department of Justice, regarding the arrests of a number of FIFA officials on corruption charges, is "extremely concerning." McDonald's was a FIFA World Cup Sponsor for the 2014 soccer tournament in Brazil, and is listed as a sponsor for the 2018 FIFA World Cup in Russia. McDonald's statement: "McDonald's takes matters of ethics and corruption very seriously and the news from the U.S. Department of Justice is extremely concerning. We are in contact with FIFA on this matter. We will continue to monitor the situation very closely." The stock was up less than 0.1% in afternoon trade Wednesday. It has gained 5.1% year to date, while the Dow Jones Industrial Average has advanced 2%.