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  • Aug 18- Yum Brands Inc announced on Tuesday new leadership for its China division as investor activists lobby for the owner of the KFC and Pizza Hut brands to spin off that business, which is its biggest driver of revenue and profit. Su, who has been with Yum for 26 years, was instrumental in making Yum the biggest Western restaurant chain in China.

  • Aug 18- Yum Brands Inc on Tuesday announced new leadership for its China business as investor activists lobby for the owner of the KFC and Pizza Hut brands to spin off that business, which is its biggest driver of revenue and profit. Su, who has been with Yum for 26 years, was instrumental in making the company the biggest Western restaurant chain in China with nearly...

  • U.S. consumers have $1 trillion of automobile loans outstanding, up from about $700 billion in the first quarter of 2010, according to data from the New York Federal Reserve. The fourth-largest U.S. bank has 56 branches for car and dealer financing, including one it recently opened in Cherry Hill, New Jersey, said Dawn Martin Harp, head of dealer services.

  • Aug 18- JPMorgan Chase& Co is in advanced talks with U.S. regulators to pay more than $150 million to resolve allegations that it steered private-banking clients to its own products without proper disclosures, the Wall Street Journal reported, citing people familiar with the matter. U.S. Securities and Exchange Commission investigators have been examining...

  • How to spot China trouble lurking in your portfolio Tuesday, 18 Aug 2015 | 1:34 PM ET
    An investor looks at an electronic board showing stock information in Hangzhou, China, on Aug. 18, 2015.

    When the Chinese market starts gyrating, don't get caught off guard. Here are the stocks to avoid if Chinese stocks continue their freefall.

  • WASHINGTON— Wall Street bank BNY Mellon has agreed to pay $14.8 million to settle federal civil charges of attempting to influence officials of a Middle Eastern sovereign wealth fund by giving internships to their family members. The SEC announced the settlement Tuesday with BNY Mellon, which is the seventh-largest bank in the U.S. Bank employees aimed to...

  • San Diego- based Petco, which started in 1965 as a mail-order company, operates over 1,400 stores across the United States, Mexico and Puerto Rico. Petco was taken private in a $1.8 billion leveraged buyout by TPG Capital and Leonard Green& Partners in 2006.. Reuters reported earlier this month that Petco had hired Goldman Sachs to lead an IPO or sale that could...

  • Pet supplies retailer Petco files for IPO Monday, 17 Aug 2015 | 4:37 PM ET

    Aug 17- Pet supplies retailer Petco Holdings Inc filed with U.S. regulators on Monday for an initial public offering of common stock. Goldman Sachs, Merrill Lynch, Pierce, Fenner& Smith and JP Morgan are among the underwriters to the IPO. Petco was taken private in a $1.8 billion leveraged buyout by TPG Capital and Leonard Green in 2006..

  • Street: Housing stocks are best bet from here Monday, 17 Aug 2015 | 3:08 PM ET
    A worker digs a trench in front of a home under construction at a new housing development in Larkspur, California.

    Wall Street firms are pointing to housing stocks as one of the few areas left of the market that still have potential for growth.

  • Aug 17- Pump and valve maker Pentair Plc agreed to buy fastening products maker Erico Global Co for $1.8 billion in cash, weeks after activist investor Nelson Peltz asked the company to bulk up through deals. Peltz's Trian Fund Management reported a 7.2 percent stake in Pentair in June, becoming the company's third largest shareholder. Pentair Chief Executive...

  • Europe shares knocked by disappointing U.S. data Monday, 17 Aug 2015 | 10:29 AM ET

    *Alstom surges on signs that GE deal to get approval. Benchmark indexes in Paris and Milan held up relatively well, however, with shares of French industrial group Alstom outperforming on bets its takeover will be approved. Alstom shares rose 7 percent after two people familiar with the matter told Reuters that General Electric was expected to get EU approval...

  • Luxury hotel owner Strategic Hotels to explore sale Monday, 17 Aug 2015 | 8:36 AM ET

    Strategic Hotels' portfolio comprises hotels such as Marriott International Inc's Ritz-Carlton and JW Marriott luxury brands. Cascade Investment LLC, Strategic Hotels' second-largest shareholder, said separately it had entered into a "confidentiality and standstill agreement" with the company for sharing certain non-public information.

  • Early movers: PNR, JPM, EL, KKR, DIS, WMB & more Monday, 17 Aug 2015 | 7:55 AM ET
    A trader works on the floor of the New York Stock Exchange.

    Some of the names on the move ahead of the open.

  • Deal-making hopes, earnings lift Europe shares Monday, 17 Aug 2015 | 6:39 AM ET

    *Alstom surges on signs that GE deal to get approval. LONDON, Aug 17- European stocks rose on Monday, rebounding from losses last week caused by worries over currency devaluation in China, with French industrial group Alstom outperforming on bets its takeover will be approved. Alstom shares rose 6.9 percent after two people familiar with the matter told Reuters...

  • Alstom surges on signs that GE deal to get approval. LONDON, Aug 17- European stocks rose on Monday, rebounding from losses last week caused by worries over currency devaluation in China, with shares in French industrial group Alstom outperforming. Alstom shares rose 6.2 percent after two people familiar with the matter told Reuters that General Electric was...

  • Fidel Castro's biggest financial regrets Friday, 14 Aug 2015 | 2:44 PM ET
    Photo taken in the 60's of then Cuban Prime Minister Fidel Castro(R) during a meeting next to Argentine guerrilla leader Ernesto Che Guevara.

    Fidel Castro once revealed some uncharacteristic financial regrets when seeking help for Cuba from a U.S. banker in 1980.

  • NEW YORK, Aug 14- BNP Paribas SA has agreed to pay $115 million to settle U.S. investor lawsuits accusing 16 major banks of rigging prices in the $5.3 trillion- a-day foreign exchange market, a person familiar with the matter said on Friday. Of those banks, the plaintiffs have announced the terms for only four of their settlements, leaving unconfirmed how much BNP...

  • What former US buildings in Cuba look like now Friday, 14 Aug 2015 | 12:15 PM ET
    The U.S. embassy in Havana, Cuba on Aug. 12, 2015.

    More than 50 years ago, Cuba seized foreign-owned properties and put them under control of the state. Here's what they look like now.

  • LONDON, Aug 14- You don't hear so much about the load-out queues in the London Metal Exchange's warehouse system these days. It's not that the queues to take delivery of aluminum from Detroit and Vlissingen have disappeared. As of the end of last month the waiting time at Detroit was still 328 days and that at the Dutch port 327 days.

  • SINGAPORE, Aug 14- U.S. crude oil prices fell back below $42 a barrel to prices not seen since March 2009 on Friday, as rising U.S. stockpiles added to concerns about oversupply and a demand slump due to slowing economies in Asia. On the demand side, China's slowing economy and weakening currency could lead to a slump in consumption. "WTI prices fell sharply to a...