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Stock Market & Financial Investment News

News Breaks
July 28, 2014
06:16 EDTMCD, YUM, SBUXOSI Group CEO says China food scandal 'completely unacceptable'
OSI Group CEO Sheldon Lavin issued a statement about the firm's unit, Husi Shanghai, regarding the latest food scandal in China. Lavin said, "What happened at Husi Shanghai is completely unacceptable. I will not try and defend it or explain it. It was terribly wrong, and I am appalled that it ever happened in the company that I own. On behalf of Husi and OSI, I sincerely apologize to all of our customers in China. We will bear the responsibility of these missteps, and will make sure that they never happen again. That is my personal commitment and that of our organization. For more than 100 years, OSI has provided safe, quality food and is currently operating at the highest standards in 17 countries serving more than 40 countries around the world. So to have this occur at this Shanghai facility violates the tenets of our company and the values we embrace and live. Upon hearing of the Shanghai issue, I immediately sent our best team of global experts from the OSI Group, and more are on their way, to work with the local team to ensure my promise to you today is met. We are very proud of our newest state-of-the-art facility in Henan. It reflects our confidence and commitment in China. We are also pleased that local Chinese authorities have inspected all our other facilities and have found no issues." World-wide brands such as Yum! Brands' (YUM) KFC, McDonald's (MCD) and Starbucks (SBUX) were affected by the food scandal in the country after allegations arose speculating that Husi Shanghai supplied expired meat to the companies. Reference Link
News For MCD;YUM;SBUX From The Last 14 Days
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October 16, 2014
06:21 EDTMCDMcDonald's rehires former U.S. executive, WSJ reports
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October 15, 2014
07:55 EDTSBUXStarbucks checks refute bear case, says Bernstein
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07:28 EDTYUMYum! Brands weakness creates buying opportunity, says UBS
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October 14, 2014
12:51 EDTYUMKFC to open first American restaurant in Myanmar next year, Nikkei reports
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11:21 EDTYUMDomino's Pizza rises after Q3 profits benefit from high cheese costs
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11:17 EDTYUMOptions with decreasing implied volatility
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09:37 EDTYUMDomino's Pizza sees potential for additional 3.8K stores in top 15 markets
Says has 'robust' international business. Says its store count growing faster internationally than Pizza Hut or Papa Johns (PZZA). Pizza Hut is owned by Yum! Brands (YUM). Says now offering voice ordering for Apple's (AAPL) iPhone and Google's (GOOG) Android operating systems. Says in terms of the franchise's long-range outlook, sees global net units to increase 4%-6%, sees domestic SSS to increase 2%-4%, sees international SSS to increase 3%-6% and sees global retail sales to increase 6%-10%. Comments taken from the company's Q3 earnings conference call slide presentation.
October 13, 2014
14:06 EDTMCDMcDonald's to answer questions about food, AP reports
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12:01 EDTYUMOptions with decreasing implied volatility
Options with decreasing implied volatility: EXAS INFY YUM FDO HSY
October 10, 2014
11:18 EDTYUMOptions with decreasing implied volatility
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October 9, 2014
09:23 EDTYUMYum! Brands China business still poised to recover, says RBC Capital
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07:59 EDTSBUXKen Langone discusses new position in Starbucks
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October 8, 2014
10:46 EDTYUMOptions with decreasing implied volatility
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10:09 EDTYUMYum! Brands says commodity costs will be up 3% in Q4
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09:48 EDTYUMYum! Brands sees Q4 SSS to be negative
Expects margins in China to improve as sales improve, but notes that the China sales guidance is still "very difficult" to predict. Says generated $2B of EBITDA so far this year.
09:36 EDTYUMYum! Brands expects China business to 'fully recover'
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09:20 EDTYUMOn The Fly: Pre-market Movers
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07:29 EDTYUMYum! comp weakness in China has bottomed, says UBS
UBS believes Yum! Brands' recovery in China is under way, but that visibility remains limited following yesterday's Q3 results. The firm still has many questions about company strategy, but believes China comp weakness has bottomed. UBS maintains its Buy rating and $85 price target on Yum! Brands shares.
07:28 EDTMCDMcDonald's brand solid but execution issues remain, says UBS
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07:20 EDTYUMYum! Brands outlook still positive, says Stifel
After Yum! reported weaker than expected results ex-items, Stifel continues to expect the company to eventually carry out a significant restructuring that could include a partial listing of its China unit in Hong Kong and/or a $15 per share debt recapitalization. The firm continues to believe that Yum! China is one of the best retail businesses in the world. It cut its price target on Yum! to $105 from $110 but keeps a Buy rating on the shares.
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