McDonald's raises wages in U.S.

• McDonald's (MCD -1.2%) plans to raise wages and boosts benefits across the U.S.
• The company has set July 1 as a target date to give 90K workers at company-owned stores a raise to an average of $9.90 per hour with the average wage expected to top $10 by the end of 2016
• Currently, workers make $9.01 per hour on average.
• Subsidies for some education costs will be also be available for McDonald's employees.