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updated 01:12, Wed September 12, 2007

August Same-Store Sales Lift McDonald's, GM Rises; Disney Falls

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NEW YORK (AP) -- McDonald's Corp. reported strong same-store sales growth Tuesday, and shares posted the largest midday gain on the Dow Jones industrial average.

With 27 of the 30 Dow stocks higher at midday, the index rose 108.36, to 13,326.21.

The fast food chain said sales at locations open at least a year increased 8.1 percent in August, with U.S. same-store sales growing 7.4 percent. Same-store sales is considered a key measure of retailer health because it shows growth at existing stores rather than newly opened ones. The stock rose $2.22, or 4.4 percent, to $52.37.

Shares of General Motors Corp. gained $1.17, or 4 percent, to $30.38 on a combination of positive news, including plans to release a line of electric vehicles and media reports that the auto maker is close to a labor deal with the United Auto Workers union.

AT&T Inc. stock added 55 cents to $39.33.

The Walt Disney Co. was one of the three decliners on the index, giving up 14 cents to $33.42.

Shares of aluminum maker Alcoa Inc. slipped 6 cents to $33.99.

United Technologies Corp. lost 25 cents to $74.24, despite positive comments from a Cowen and Co. analyst.

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