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Stock Market & Financial Investment News

News Breaks
January 2, 2013
15:35 EDTMCD, YUMMcDonald's not sourcing chicken from scandal-hit supplier, World Poultry says
McDonald's (MCD) has stopped sourcing chicken from Liuhe Group, the supplier that had a factory shut down for selling chickens with excessive antibiotic residues and was named in the recent KFC (YUM) scandal in China, reported World Poultry. The Fly notes that Bloomberg reported this morning that McDonald's said it saw no "material impact" to its sales in China related to chicken concerns, citing a company spokesperson. Reference Link
News For MCD;YUM From The Last 14 Days
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April 14, 2014
07:23 EDTYUMJapan sees first bird flu outbreak since 2011, Mainichi reports
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April 8, 2014
07:54 EDTYUMYum! Brands testing new Super Chix concept, AdAge reports
Yum Brands will start testing Super Chix, a new concept restaurant, AdAge reports. This week, Super Chix will launch in Arlington, Texas, with a limited menu including chicken sandwiches, chicken tenders, fries, salads and custards. A spokesperson for Yum says the concept "may in the future be considered for international purposes." Reference Link
April 4, 2014
06:54 EDTMCDMcDonald's ceases work in Crimea, Reuters says
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April 3, 2014
06:34 EDTMCDStates moving on minimum wage hikes, NY Times says
Since President Obama called for an increase in the federal minimum wage 14 months ago, seven states and Washington, DC have passed such an increase, according to The New York Times. Meanwhile, 34 other state legislatures have started debating the issue and activists in another eight states are looking to get proposals for minimum wage increases on voter ballots, the newspaper stated. Companies that could be affected by minimum wage increases include McDonald's (MCD), Burger King (BKW), Wendy's (WEN), Jack in the Box (JACK), Dunkin Donuts (DNKN), and Sonic Corporation (SONC). Reference Link
April 2, 2014
07:26 EDTYUMYum! Brands price target raised to $89 from $80 at Oppenheimer
Oppenheimer increased its price target on Yum! as the firm thinks the company's multiple could expand, while its earnings could surpass expectations going forward. The firm adds that Taco Bell's breakfast initiative has not been built into estimates and is thus "a free option" for investors. Oppenheimer recommends owning the stock now and keeps an Outperform rating on the shares.
07:10 EDTMCDEx-McDonald's store managers admit to withholding wages, Bloomberg says
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