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Yum Brands, parent of the KFC, Taco Bell and Pizza Hut fast-food chains, said it made a preliminary offer to buy most of the shares of China's Little Sheep restaurants that it does not already own.
Though the economy may be experiencing a modest expansion, there's growing signs that food prices will outplace GDP growth this year.
California is bankrupt. The Dodgers may be going under. Gas has topped $5 in some places. The President's visit is going to screw up the 405 today. But none of these get Angelenos as worked up as this question: what's better, Five Guys or In-N-Out?
What follows is a roundup of corporate earnings reports for Wednesday, April 20.
Despite strong results from China, Karen Finerman is cautious of Yum! at current levels, “I own Yum! And I love Yum! But I would not jump in here,” she says.
The fast-food company reported a profit that misssed Wall Street's estimates slightly, but the shares rose as investors reacted to sales in China that continue to push higher.
Taco Bell took a parting shot Wednesday at the law firm that questioned the beef content of the filling in the chain's tacos and burritos.
China's rapid growth in recent years has sparked various ways for investors to cash in. One fund manager says he is starting to look at global consumer stocks as a way to invest in the mainland.
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We're not having food riots in the United States. Yet. But San Antonio police have arrested a man who allegedly fired on officers when he lost it after Taco Bell raised prices.
Washington Post columnist John Pomfret argues the recent test flight of the J-20 stealth fighter just hours before U.S. Defense Secretary Robert M. Gates met with Chinese President Hu Jintao was a blunt challenge by the military establishment to Hu's power. Pomfret surmises there is chaos within China's political circles because it appeared to Gates that Hu did not know of the test. Pomfret's hypothesis would certainly be a scary if true.
Beijing’s push for innovation have encouraged the rise of domestic players, arguably at the expense of foreign ones. A CNBC contributor tells us what China needs to do to retain foreign investment.
January retail sales surprise mostly to the upside, with little whining about the weather. They did it again: despite a lack of clearance inventory, tough comps, and snowstorms, most retailers posted gains in January.
Stocks closed narrowly mixed with the major indices ending above key thresholds as investors focused on troubles in Egypt, shrugged off good job news, and took a breather after the market posted new multi-year highs on Tuesday. Disney rose, while Home Depot fell.
The operator of KFC and other fast food chains reported a profit that outstripped Wall Street's forecasts Wednesday, as sales rose on a strong performance in China despite rising labor and food costs there.
What follows is a roundup of corporate earnings reports for Wednesday, Feb. 2.
Stocks were narrowly mixed ahead of the close, but still remained within a narrow trading range, as investors focused on unrest in Egypt and took a breather after the market posted new multi-year highs on Tuesday. Disney rose, while Home Depot fell.
Stocks struggled for direction on Wednesday as clashes between government supporters and protesters in Egypt weighed on the market amid news of a better-than-expected gain in private-sector hiring last month. Merck and BofA fell, while Disney rose.
Stock index futures slid lower after initially trading flat despite a better-than-expected rise in private-sector hiring last month, but as clashes took place between governrment supporters and protesters in Egypt.