McDonald's launching new chain called CosMc's, its answer to Starbucks

ViewMcDonald's is launching a new chain called CosMc's, which will offer coffee and other drinks.

The new business is being viewed as a rival to Dunkin' Donuts and Starbucks, and McDonald's' answer to its afternoon slump.

As a limited test, the fast-food giant is opening its first CosMc's in Illinois this month, with a...