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*Netflix and Chipotle both rise after-hours on results. *Yum Brands, McDonald's shares down on China food safety. NEW YORK, July 21- U.S. stocks slipped on Monday as investors remained cautious about instability in Ukraine and Gaza, though the three major indexes ended well off their lows, a sign that some appetite for riskier assets remained.
SHANGHAI/ LOS ANGELES, July 21- Yum Brands Inc and McDonald's Corp are facing a new food safety scare in China, denting the fast-food companies' efforts to shore up reputations and businesses that were hurt by a 2012 safety scandal in one of their biggest markets.
McDonald's and Yum! Brands say they have stopped buying meat from a Shanghai supplier while authorities investigate allegations the supplier sold the restaurants chicken and beef past the expiration date, with CNBC's Sara Eisen.
Some of Monday's midday movers:
CNBC's Jim Cramer and David Faber discuss how the stocks of McDonald's and Yum Brands are reacting to the shutdown of a Shanghai meat supplier used by both companies; also, problems for the Campbell Soup Company.
July 21- CBS Outdoor Americas Inc said Monday it would buy the billboard business from Van Wagner Communications LLC, a privately held company with outdoor advertising in New York's Times Square and on buses on the Las Vegas strip, for $690 million in cash.
A long hoped for improvement in the economy appears to be manifesting in second-quarter U.S. earnings, but the next two weeks could be the real test.
July 21- CBS Outdoor Americas Inc said it would buy some outdoor advertising businesses from privately held U.S. billboard company Van Wagner Communications LLC for $690 million in cash. CBS Outdoor, whose customers include Apple Inc, McDonald's Corp and Sony Corp, went public in late March.
According to a Shanghai television station a supplier sold McDonalds and KFC expired beef and chicken, reports CNBC's Eunice Yoon.
*McDonald's warns may face China product shortfall. *Incident highlights broader China food supply chain issues. SHANGHAI, July 21- McDonald's Corp and Yum Brands Inc are facing a new food safety scare in China, denting the fast food giants' efforts to shore up reputations and businesses that were hurt by a 2012 safety scandal in one of their biggest markets.
China's relationship with food safety has spurred another scandal, ensnaring fast-food chains which may have been duped into buying tainted meat.
SYDNEY, July 21- Most Asian stock markets edged higher on Monday as investors set aside geopolitical concerns for the moment to focus on the generally upbeat flow of U.S. corporate earnings ahead of a host of results due this week. MSCI's broadest index of Asia-Pacific shares outside Japan rose 0.3 percent, with modest increases for most markets across Asia.
BEIJING— McDonald's and KFC in China faced a new food safety scare Monday after a Shanghai television station reported a supplier sold them expired beef and chicken.
BEIJING— McDonald's and KFC in China say they have stopped using meat from a supplier in Shanghai while authorities investigate a report it sold expired beef and chicken. The report by a Shanghai television station that Shanghai Husi Food Co., Ltd. reprocessed and sold old meat adds to a string of food safety scares in China.
SYDNEY, July 21- Asian stocks were a fraction firmer on Monday as investors set aside geopolitical concerns for the moment to focus on the generally upbeat flow of U.S. corporate earnings ahead of a host of results due this week. MSCI's broadest index of Asia-Pacific shares outside Japan added 0.24 percent, with small gains for most markets across Asia.
SYDNEY, July 21- Asian stock markets inched higher on Monday as investors set aside geopolitical concerns to focus on the generally upbeat flow of U.S. corporate earnings ahead of a host of results due this week. MSCI's broadest index of Asia-Pacific shares outside Japan added 0.13 percent, while South Korea put on 0.4 percent.
Will this week's earnings reports really be enough to support the market?
Companies such as General Electric Co and Intel Corp have reported solid results. Intel declared that personal computer sales have stabilized, while it forecast third-quarter revenue above Wall Street's expectations.
Even as traders monitor the world's hot spots, corporate earnings news could be a positive for stocks in the week ahead.
July 17- Yum Brands Inc's disappointing Pizza Hut and Taco Bell results, along with other data, suggested the U.S. fast-food business remained weak in the second quarter and that industry leader McDonald's Corp continues to struggle. The fast-food guys are stuck, " Investment Technology Group restaurant analyst Steve West said.