*Yum's China recovery may take longer than expected- analysts.
Aug 12- KFC parent Yum Brands Inc on Monday reported a steeper-than-expected 13- percent drop in July sales at established restaurants in China after back-to-back blows from a food safety scare and a bird flu outbreak in its most important market.
TORONTO, June 25- Canada's largest bank and some of its most influential fund managers plan to set up a new stock exchange to challenge the dominant TMX Group Ltd, one that would limit the role of controversial high-frequency trading strategies.
*Would directly compete with TMX Group. TORONTO, June 25- Canada's largest bank and some of its most influential fund managers plan to set up a new stock exchange to challenge the dominant TMX Group Ltd, one that would limit the role of controversial high-frequency trading firms.
U.S. regulators and exchanges are getting closer to a framework for a "kill switch" that could be used to shut down trading before software glitches wreak havoc on markets.
Nov 1- Starbucks Corp raised its profit forecast for the current fiscal year after sales in its top market of the United States topped expectations, giving the company optimism that has eluded much of the U.S. restaurant industry in recent months.
Nov 1- Starbucks Corp raised its profit forecast for the current fiscal year and plans to speed up new store openings, as strength in its latest quarter and new products, gave the company confidence not seen by many of its peers in the U.S. restaurant industry.
Stocks snapped a three-day losing streak, but came off the day's highs Wednesday after a top Fed official said he is against providing stimulus even if the economy worsens, opposing previous comments from chairman Ben Bernanke that fueled a strong rally for most of the session.
Futures gained Wednesday after finishing lower for the third-straight session as optimism about the global economy improved despite the continuing euro zone debt crisis.
Investment Technology Group expects non-U.S. markets to generate almost half its revenue in 3 to 5 years as off-exchange trading venues known as dark pools and transaction cost software gain global popularity.
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