Apr 23 2013 23:48 BST Yum profits hit by food safety fearsYum Brands, operator of the KFC and Pizza Hut fast-food chains, reported a 26 per cent drop in first-quarter earnings, as food safety concerns continued to hurt its Chinese business. The Kentucky-based company reported net income of $337m excluding special items, or 70 cents per share, down from $458m, orBy Neil Munshi in Chicago |
Apr 23 2013 02:00 BST Pizza Hut in fight for gamers' attentionStarting on Tuesday, with a swipe of their hand or a tweak of their joystick, gamers will be able to supplement Call of Duty with a call for pizza. Pizza Hut is launching an application for Microsoft's Xbox gaming console that will for the first time allow players to orderBy Neil Munshi in Chicago |
Apr 10 2013 22:06 BST US stocks hit new record highUS stock markets rallied, reaching record highs in spite of signs from the Federal Reserve that it might be ready to slow asset purchases in coming months. The benchmark S&P 500 index rose 1.2 per cent to 1,587.73, surpassing both its previous closing and intraday high, reached in October 2007.By Anora Mahmudova in New York |
Mar 12 2013 17:37 GMT US equities step back from all-time highsUS stocks retreated from multiyear highs on Tuesday with the leading US benchmark set to snap a seven-day winning streak as investors looked to take profits. The S&P 500, which had been approaching all-time record levels during its multi-day run, fell 0.3 per cent to 1,552.26 by 1pm in NewBy Arash Massoudi in New York |
Feb 25 2013 16:28 GMT Yum Brands tightens Chinese supply chainYum Brands is fighting to restore its battered image in China, vowing to tighten monitoring of its mainland supply chain after a chicken safety scare dealt a big blow to its sales in the country. Earlier this month, Yum Brands, owner of the KFC fast-food chain, forecast a drop inBy Patti Waldmeir in Shanghai |
Feb 24 2013 17:54 GMT 20,000 miles to the plateT he average cod covers 10,000 miles in its lifetime. If the cod is destined for the dinner plate, it may travel another 10,000 miles once it's dead. Trawled in the Bering Sea, the fish slaps down on a conveyor belt in Qingdao, eastern China. In a vast, chilly factory,By Louise Lucas, Patti Waldmeir and Neil Munshi |
Feb 05 2013 18:58 GMT US equities return to strong formUS stocks returned to recent strong form, surging higher and recovering from a sharp sell-off a day earlier as investors were encouraged by signs of a pick-up in mergers and acquisitions. The S&P 500 climbed 0.9 per cent to 1,509.01 by midday in New York. Reversing fortunes from Monday, allBy Arash Massoudi in New York |
Feb 04 2013 23:23 GMT Yum Brands: wings clipped?Yum Brands shares are going to do as well, in the long term, as its restaurants do in China. Roughly half its profit comes from China, and the company is opening a huge number of Kentucky Fried Chicken and Pizza Hut stores there - 889 in 2012, a 17 per |
Feb 04 2013 23:00 GMT Yum 2013 profits eaten into by China concernsYum Brands, owner of the KFC fast-food chain, forecast a drop in 2013 earnings as a result of the fallout from food safety concerns surrounding its Chinese business, sending shares tumbling about 6 per cent in after-market trading. The Kentucky-based company said it expected a mid-single-digit drop in earnings perBy Neil Munshi in Chicago |
Feb 04 2013 22:34 GMT Wide losses on Wall Street include GannettUS equities suffered their largest drop of the new year, pulling back sharply from multiyear highs after a broad sell-off on Wall Street sent all 10 major sectors on the S&P 500 lower. The day's woes were exacerbated by resurgent eurozone worries and disappointing economic data that showed US factoryBy Arash Massoudi in New York |
