Investors are looking through the market's recent wreckage to pick up stocks that might have been beaten down. USA Today reports.» Read More
Brinker International Inc. fell$. 51 or 1.1 percent, to $44.33. Chipotle Mexican Grill Inc. fell $2.07 or. 3 percent, to $670.43. Darden Restaurants Inc. fell$. 40 or. 9 percent, to $46.35.
Chipotle Mexican Grill Inc. rose $2.98 or. 4 percent, to $675.48. Darden Restaurants Inc. rose$. 13 or. 3 percent, to $46.88. Domino's Pizza Inc. rose$. 26 or. 4 percent, to $72.26.
Brinker International Inc. fell$. 74 or 1.6 percent, to $44.84. Chipotle Mexican Grill Inc. fell $9.33 or 1.4 percent, to $672.50. Darden Restaurants Inc. rose$. 44 or 1.0 percent, to $46.75.
July 31- Burger King Worldwide Inc said on Thursday it would no longer buy products from OSI Group LLC suppliers in China, where the fast-food hamburger chain has about 200 restaurants.
NEW YORK— Stocks that moved substantially or traded heavily Thursday on the New York Stock Exchange and the Nasdaq Stock Market:. 3 D Systems Corp., down $5.94 to $50.13. The three-dimensional printing company reported a drop in quarterly profit and the results fell short of Wall Street expectations.
NEW YORK— U.S. stocks had their worst one-day drop since February as traders worried about weak corporate earnings and the looming end of economic stimulus from the Federal Reserve. The drop interrupted a prolonged advance in the market and erased its gains for July.
*Yum says China meat scare impact "significant, negative". *China, HK diners say likely to visit chains less frequently... July 31- A food safety scare in China is testing local consumers' loyalty to foreign fast-food brands, including McDonald's Corp and Yum Brands Inc, which owns the KFC and Pizza Hut chains.
NEW YORK— Stocks are opening lower as investors react to more disappointing earnings from companies. L-3 Communications Holdings plunged 14 percent, the most in the Standard& Poor's 500 index, after the company reported that it was investigating accounting irregularities at is Aerospace Systems unit.
"Squawk Box's" Andrew Ross Sorkin asks Brian Niccol, Taco Bell incoming CEO, if sales have gone up in Colorado after the legalization of marijuana. Stay tuned, quips Niccol.
Brian Niccol, Taco Bell incoming CEO, discusses the company's partnership with the Boys and Girls Clubs of America to prep young people for the workforce.
Some of the names on the move ahead of the open.
*Yum says China meat scare impact "significant, negative". July 31- A food safety scare in China is testing local consumers' loyalty to foreign fast-food brands, including McDonald's Corp and Yum Brands Inc, which owns the KFC and Pizza Hut chains.
NEW YORK— For stock investors, the red flags were everywhere on Thursday. Whole Foods Market and Exxon Mobil sparked the selling after their quarterly results late Wednesday disappointed investors. Yum Brands, the owner of KFC and Pizza Hut, slumped after it said that its earnings would be crimped by a food safety scandal in China that involved repacked meat.
Just 18 months earlier, KFC's sales plunged in China after a supplier violated rules on drug use in chickens. Global fast food chains are rushing to expand in China but even experienced operators face costly pitfalls in a fast-changing food supply industry plagued by repeated safety scandals.
BEIJING— The owner of the KFC and Pizza Hut restaurant chains said Thursday a food safety scandal in China has hurt sales and might be severe enough to cut into the company's global profit.
Brinker International Inc. fell$. 25 or. 5 percent, to $45.58. Chipotle Mexican Grill Inc. rose $7.47 or 1.1 percent, to $681.83. Darden Restaurants Inc. fell$. 57 or 1.2 percent, to $46.31.
July 30- Yum Brands Inc on Wednesday said a television expose showing improper meat handling by one of its Chinese suppliers caused "significant, negative" damage to sales at its KFC and Pizza Hut restaurants over the past 10 days. Shares in Yum, which counts China as its No. 1 market, tumbled 6.1 percent in extended trading, down $4.45 to $68.55.
July 30- Yum Brands Inc said reports of improper food handling by Chinese supplier Shanghai Husi has had a "significant, negative impact" on same-store sales at its KFC and Pizza Hut outlets in China over the past 10 days. Yelp's shares fell 6.5 percent in extended trading.
Brinker International Inc. fell$. 28 or. 6 percent, to $45.55. Chipotle Mexican Grill Inc. rose $3.60 or. 5 percent, to $677.96. Darden Restaurants Inc. fell$. 57 or 1.2 percent, to $46.31.
"Fast Money Halftime Report" traders Pete Najarian and Jon Najarian debate whether Chipotle or Yum! Brands makes a better investment.