Ironic on a day the planet's biggest hotel operator rode a ratings increase to surge 5.80% in hitting an historic high, but fears that the end of "accommodation" is here sent stocks slumping. InterContinental (IHG) owns Holiday Inn yet …
LOUISVILLE, Ky. (AP) - Shares of Yum Brands plunged in after-hours trading after the owner of KFC, Pizza Hut and Taco Bell cut its profit outlook for the year. Citing a slower-than-expected comeback for its key China division, the company …
The move means any setbacks in China will have less impact on the US stock. Yum had come under mounting pressure from investors to split the units. The announcement came just days after the firm had named activist investor Keith …
BBC1y
Here\’s a recap of our live coverage of U.S. stock market action Tuesday. You can read a compact rundown of the stock market in Market Snapshot. For questions or comments, please email lmandaro@marketwatch.com.
Stock futures struggled for direction ahead of the open today, with investors waiting for home-sales data and …
(Reuters) - Yum Brands Inc (YUM.N) said it would return up to $6.2 billion (£4.1 billion) to shareholders before separating its China business and listing it on the New York Stock Exchange, and possibly in Hong Kong. The KFC and Pizza …
Brands, the owner of food chains including KFC. YUM! stock was up about 4% on the news in Friday morning trading. Loeb also took a position in Devon Energy, according to his first quarter letter. In Loeb's letter, he said he's bullish on …
The CEO of Yum China, which after its spinoff will begin trading on the New York Stock Exchange on Nov 1, is confident his company can triple the number of its restaurants on the mainland. "There is risk everywhere in the world," Micky …
flagging U.S. consumer confidence have weighed on Yum shares in recent months, with the stock down 13 percent off the April 20 high of $74.43. The stock on Wednesday afternoon, however, is in positive territory with shares up 1.16 percent …
Yum’s China business will begin trading as a separate company on Nov. 1 on the New York Stock Exchange under the ticker symbol YUMC. Chinese investment firm Primavera Capital and an affiliate of Alibaba Group Holding Ltd said in …
Reuters11mon