Removing Neumann is a difficult decision for Son, who has long believed in WeWork and Neumann's vision to quickly expand the company.Technologyread more
The Kingdom and oil and gas industry have been slow to shore up defenses, raising red flags about the possibility of longer term fall-out in the region.Technologyread more
Datadog went public on Thursday and instantly hit a $10 billion valuation, becoming the fourth cloud software debut to reach that level this year.Technologyread more
There are challenges with Iran, North Korea, the Afghan Taliban, Israel and the Palestinians — not to mention a number of trade pacts.Politicsread more
Blackstone Executive Vice Chairman Tony James says he's less optimistic now than before that the U.S.-China trade war could be resolved, but even a smaller deal could help...World Economyread more
In his new memoir, "The Ride of a Lifetime," Iger explains why he decided against the deal to buy Twitter.Technologyread more
In perhaps Buffett's first televised profile, he explained a method of investing that prioritizes bargains and makes use of an occasional baseball analogy.Marketsread more
Gluskin Sheff's David Rosenberg reinforces his recession forecast following the Federal Reserve's September meeting.Futures Nowread more
"This would be the most profound violation of the presidential oath of office certainly during this presidency," House Intelligence Chair Adam Schiff said.Politicsread more
A 58% majority of registered voters express unease about voting for Trump, but slightly more say the same about Joe Biden and Bernie Sanders, while Elizabeth Warren fares only...Politicsread more
The massive market transformation this month that some on Wall Street called a "once in a decade opportunity" might have just been a one-off technical move because of taxes.Marketsread more
Yum Brands is hoping a $130 million investment will bring struggling Pizza Hut a much-needed boost.
After yet another quarter of lackluster same-store sales in its pizza division, Yum CEO Greg Creed said Wednesday the company will be upgrading equipment, improving restaurant technology and boosting advertising through 2018.
During an earnings call, he said he was confident these actions would "unlock significant value for years to come."
Creed equated the Pizza Hut investment to the $180 million that Yum put into KFC in 2015. The chicken chain has since seen 11 quarters of same-store sales growth, he said.
"While we aren't going to get into specifics, the [investment] agreement [with franchisees] includes a permanent system commitment to digital initiative contributions,
Pizza Hut saw same-store sales fall 3 percent in the quarter, while its partner brands Taco Bell and KFC saw stronger growth. Taco Bell's same-store sales were up 8 percent and KFC's rose 2 percent.
In the U.S. alone, Pizza Hut same-store sales were down 7 percent, according to the company.
In previous quarters, the chain has lagged behind as well. Analysts have blamed menu fatigue in the past for these soft sales.
"One of the big issues for Pizza Hut is that among younger age segments — especially students — it plays third fiddle behind Domino's and Papa John's," Hakon Helgesen, an analyst at GlobalData Retail, said in an email.
"This is one of the reasons why the chain has focused so much on digital initiatives, in an attempt to better connect with this cohort, which is driving much of the market growth. In our view, it will likely be disappointed, mainly because the success of other chains isn't just about digital — it's about brand perception, physical location, and price. On all three, Pizza Hut currently falls short."
Helgesen said this will be a "tall order," and that the chain will continue to drag on Yum's results in the near term. That's one reason why some investors have called for Yum to divest the brand, he said.
Shares of Yum were up about 2.4 percent in trading, at $67.96, just off the company's 52-week high of $68.98.