Brian Niccol, Taco Bell president, discusses Taco Bell's move into the breakfast market and what impact it will have on hiring.» Read More
Feb 3- KFC parent Yum Brands Inc on Monday reaffirmed its 2014 profit and said a resurgent bird flu in China had not hurt national sales in its top market. "We're not seeing any impact on national sales from bird flu in China," Yum spokesman Jonathan Blum told Reuters.
LOS ANGELES, Feb 3- KFC parent Yum Brands Inc on Monday said the return of bird flu in China has not hurt national sales in its No. 1 market. Yum has been working to meaningfully boost its KFC business in China, where sales at established KFC restaurants dropped last year due to a food safety scare and initial reports of a new bird flu strain affecting humans.
Feb 3- KFC parent Yum Brands Inc on Monday reaffirmed its 2014 profit forecast amid worries about a resurgent bird flu in China, its top market for sales.
Companies making headlines after the bell Monday.
Yum Brands is reporting Q4 EPS of $0.86 ex-items on revenue of $4.18 billion, with CNBC's Sara Eisen.
Yum Brands reported quarterly earnings that beat analysts' expectations on Monday, but same store sales in U.S. and China stores disappointed.
What current earnings data is telling us about the overall economy, with Dan Veru, Palisade Capital Management, and David Lutz, Stifel Nicolaus. "A lot of this feels like hedging," says Lutz.
Yum! Brands "is really depressed," says CNBC contributor Stephanie Link. The "Earnings Squad" discuss the action in 3 stocks coming out with earnings, with CNBC's Melissa Lee.
*U.S. factory data much weaker than expected. NEW YORK, Feb 3- U.S. stocks fell on Monday, adding to recent losses after data showed the factory sector in the world's largest economy expanded in January at its slowest pace in eight months. The CBOE volatility index jumped more than 9 percent to trade above 20 for the first time since early October.
NEW YORK, Feb 3- Wall Street was poised to edge up on Monday, ahead of data on the housing and manufacturing sectors, after the S&P 500 closed its worst month since May 2012 on Friday. *Markit's final January reading on the factory sector is due at 8:58 a.m., followed by construction spending for December and ISM's manufacturing PMI for January at 10:00 a.m..
NEW YORK, Feb 3- U.S. stock index futures were little changed on Monday, ahead of data on the housing and manufacturing sectors, after the S&P 500 closed its worst month since May 2012 on Friday. While the focus was on countries with internal political and economic issues, like Ukraine, Turkey and Argentina, a run from risk hurt equities and commodities globally.
Traders await Friday's jobs report and watch emerging markets to see if the selloff can be contained.
NEW YORK, Jan 31- Investors may crave a quiet market this coming week to digest the recent volatility in stocks and rehash Sunday's Super Bowl, but the prospect doesn't look likely.
Talking Squawk, the "Squawk Box" blog, provides tidbits, insights and sarcastic reflections on the WEEK THAT WAS and the WEEK TO COME.
HONG KONG, Jan 29- U.S. retailer Wal-Mart Stores Inc said on Wednesday it will upgrade its vendor compliance process in China, requiring more documentation and making use of a computer-based system to help suppliers manage associated paperwork.
HONG KONG, Jan 24- A state-owned Chinese TV station which has run a string of stories criticising foreign firms has accused U.S. retailer Wal-Mart of circumventing its quality control process and fast-tracking some products with higher profit margins.
*Unclear whether action will impact on multinationals' China operations. WASHINGTON, Jan 23- Chinese units of the global "Big Four" accounting firms should be suspended from practicing in the United States for six months, a U.S. judge ruled, in an escalation in a long-running dispute over regulators' access to audit documents.
WASHINGTON, Jan 22- A U.S. judge has ruled that the Chinese units of the "Big Four" accounting firms should be suspended from practicing in the United States for six months, an escalation in a long-running dispute between U.S. and Chinese regulators over access to audit documents.
BEIJING, Jan 16- China's regulators launched probes into skincare products maker Nu Skin Enterprises Inc after local media questioned the U.S. company's business practices, dragging down shares of several retailers that use similar distribution models.
*JPMorgan edges up after earnings; Wells Fargo due. *Google up in light premarket trade after Nest buy. *Later in the week, Bank of America Corp, Citigroup Inc, Goldman Sachs and Morgan Stanley are among the financial companies scheduled to post results.