KFC China's ads remind diners about the food safety scare at the fried chicken chain, and could undermine its mission to revise sale.» Read More
SHANGHAI, Oct 28- Bearing rice burgers and lotus roots, an army of Chinese fast food firms is cooking up a challenge to McDonald's Corp and Yum Brands Inc, tempting cost-conscious diners with healthy, homegrown fare and causing a drag on growth for the U.S. chains in the country's $174 billion fast food market.
Worried about Washington's next fiscal folly? These stocks should weather the next storm, according to two top money managers.
*Third-quarter earnings/share $0.51 vs est $0.52. Oct 15- Domino's Pizza Inc, the second-largest U.S. pizza chain, reported a rare earnings miss due to higher costs, sending its shares down 5 percent as it spent more on overseas outlets and on mobile apps.
Oct 15- Domino's Pizza Inc, the second-largest U.S. pizza chain, reported a 7 percent rise in quarterly revenue as sales rose more than expected in a tough U.S. market.
It's early, but already we are hearing that third quarter earnings and fourth-quarter guidance will be a disappointment.
"Every time you tried to play that game, you probably lost," says Josh Brown of Ritholz Wealth Management.
Talking Squawk looks at our big interviews with Daryl from "The Walking Dead", Jack Welch, Jim Chanos and T. Boone Pickens. Plus, we debate the merits of megayachts versus kayaks.
*Obama invites Democrats, Republicans to White House to talk. NEW YORK, Oct 9- The Dow and S&P 500 rose on Wednesday as Republicans and Democrats in Congress showed early signs of a possible break in the impasse, and U.S. The Nasdaq, however, closed lower for a third day, pressured as investors sold this year's winning tech stocks including Netflix Inc and Fastenal Co..
The Dow and S&P 500 narrowly avoided a three-day losing streak in choppy trading Wednesday, but the ongoing anxiety over the political gridlock in Washington kept a damper on gains.
*Wall St looks past Washington impasse to more gains-poll. NEW YORK, Oct 9- U.S. stocks climbed Wednesday to recovering from some of the day's earlier losses, and the year's high-performing technology stocks fell, as investors anticipated the nomination of Janet Yellen as U.S. central bank chairman and as a political standoff continued in Washington.
*Wall St looking past Washington gridlock at more gains-poll. NEW YORK, Oct 9- U.S. stocks fell on Wednesday, with the Nasdaq composite index down 1 percent, as investors sold the year's biggest winning shares, including major tech companies. On Wednesday, Amazon.com and Facebook were the biggest drags on the Nasdaq 100. Netflix was down 4.7 percent to $288.36.
NEW YORK, Oct 9- U.S. stocks were little changed on Wednesday, as expectations that Janet Yellen will be tapped as the next head of the U.S. Federal Reserve were tempered by the stalemated fiscal negotiations in Washington.
*Alcoa rises, Yum falls after earnings. NEW YORK, Oct 9- U.S. stocks were little changed on Wednesday, as expectations that Janet Yellen will be tapped as the next chairman of the U.S. Federal Reserve were tempered by a continued stalemate in fiscal negotiations in Washington.
*Alcoa rises, Yum falls after earnings. NEW YORK, Oct 9- U.S. stocks were set for a modestly higher open on Wednesday, putting the S&P 500 on track to rebound from a big drop a day earlier, on expectations Janet Yellen will be tapped as the next chairman of the U.S.
*Alcoa rises, Yum falls after earnings. A. Bank mulls buying Men's Wearhouse for $2.3 bln. "We've waited too long for this answer and at least that is one hurdle we can say we've successfully cleared," said Art Hogan, managing director at Lazard Capital Markets in New York.
Some of the names on the move ahead of the open.
*Alcoa rises, Yum falls after earnings. NEW YORK, Oct 9- U.S. stock index futures rose on Wednesday, indicating the S&P 500 may rebound from Tuesday's drop- its worst since August- after Janet Yellen was picked as the next chairman of the U.S.
Yum Brands warned that it will take longer for its China restaurant sales to rebound, which accounts for more than half of the company's profit.
Oct 8- KFC parent Yum Brands Inc on Tuesday warned that it will take longer than expected for its China restaurant sales to rebound, delaying a recovery in the market that accounts for more than half of the company's overall operating profit.
Oct 8- KFC parent Yum Brands Inc on Tuesday warned that sales at established restaurants in China, its top market, are unlikely to rebound in the fourth quarter, as it had expected, and its shares fell almost 7 percent in extended trading.