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Pre-Market Report: McDonald's CEO to Retire

Thursday, 22 Mar 2012 | 6:00 AM ET

Stocks finished mixed as concerns over slower growth in China were less of an issue and investors made note of weaker existing home sales that helped give a better read on the housing market; McDonald's CEO Jim Skinner plans to retire at the end of June, and Diamond Foods, being probed by regulators for improper accounting, is in talks to sell a minority stake of the company to private equity firms, reports CNBC's Jackie DeAngelis.