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News Breaks | | | | January 2, 2013 | | 15:35 EDT |  | MCD, YUM | McDonald'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 | |
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News For MCD;YUM From The Last 14 Days Check below for free stories on MCD;YUM the last two weeks. |
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| June 18, 2013 | | 14:09 EDT | | MCD | McDonald's to sell premium hamburgers in Japan, Japan Times reports
 Subscribe for More Information | | | June 17, 2013 | | 07:23 EDT |  | YUM, MCD | Jefferies to host a conference
Subscribe for More Information | | | June 12, 2013 | | 09:17 EDT |  | YUM | Yum! Brands visibility remains limited, says Goldman
Goldman said Yum reported inline May CHina same-store-sales of down 19% but visibility into recovery timing remains limited. The firm remains Neutral rated given risk to Q4 estimates and valuation. | | | 09:07 EDT |  | YUM | On The Fly: Pre-market Movers
Subscribe for More Information | | | 07:13 EDT | | YUM | Yum! Brands China SSS fall slightly below expectations, says UBS
Subscribe for More Information | | | June 11, 2013 | | 18:50 EDT | | YUM | On The Fly: After Hours Movers
UP AFTER EARNINGS: Ulta Salon (ULTA), up 9.5%. ALSO HIGHER: Rambus (RMBS), up 8.2% after announcing a patent license agreement that will pay the company $12M per quarter for the next five years. LOWER: Celsion (CLSN), down 22.6% after a Seeking Alpha contributor said the company's Phase III ThermoDox trial was a "total disaster" and that the stock could have 50% downside... Yum! Brands (YUM), down 1.7% after saying it sees Q2 China division same-store sales down 20%... First Solar (FSLR), down 7.1% after filing to sell 8.5M shares of common stock... Icahn Enterprises (IEP), down 5.1% after announcing an offering of depositary units representing limited partner interests. | | | 16:46 EDT | | YUM | Yum! Brands sees China KFC SSS positive in Q4
Subscribe for More Information | | | 16:36 EDT | | YUM | Yum! Brands sees Q2 China division SSS down 20%
Subscribe for More Information | | | 16:33 EDT | | YUM | Yum! Brands says China SSS down 19% in May
Subscribe for More Information | | | 10:53 EDT |  | MCD | McDonald's slips lower, levels to watch
The shares have been in a slow roll over since hitting lifetime highs in April. A short-term small-scale double bottom pattern briefly lent support to the stock, but price has begun to roll over again. At the current price of $98.97, next support for the stock is at $98.12, the 10-day moving average. A breakdown below that level would be price bearish. Resistance is at $100.33, the 30-day moving average. | | | | June 10, 2013 | | 09:55 EDT | | MCD | McDonald's rises after sales update, levels to watch
Subscribe for More Information | | | 09:28 EDT | | MCD | On The Fly: Pre-market Movers
HIGHER: Monsanto (MON), up 3.5% after Monsanto following upgrade at Macquarie, comments from Morgan Stanley on implications of potential approval of product in China... Facebook (FB), up 3.1% following upgrade at Stifel, JPMorgan reiterating its Overweight rating on shares... Apricus Biosciences (APRI), up 14% after announcing European approval for ED drug Vitaros... McDonalds (MCD), up 1.8% after May global comp sales rose 2.6%. LOWER: Tesla (TSLA), down 3.2% following cautious mention over weekend in Barron's magazine... Titan International (TWI), down 5.8% following downgrades by at least three firms... Dynavax (DVAX), down 29% after reporting feedback from FDA meeting regarding Heplisav. | | | 07:59 EDT | | MCD | McDonald's reports May global comparable sales up 2.6%
Subscribe for More Information | | | June 7, 2013 | | 12:57 EDT |  | YUM | On The Fly: Midday Wrap
The Wall Street averages were all up about 1% near midday after the monthly jobs report beat forecasts. ECONOMIC EVENTS: In the U.S., the Labor Department reported employers added 175K jobs in May, beating expectations for 163K added jobs. The unemployment rate rose slightly to 7.6% in May from 7.5% in April, with the uptick attributed to more people entering the workforce. COMPANY NEWS: TiVo (TIVO) confirmed it had settled a patent lawsuit with Google's (GOOG) Motorola unit, Cisco (CSCO) and Time Warner Cable (TWC), as reported by media outlets yesterday. The company also doubled its stock buyback authorization, but TiVo shares, which had been higher yesterday on the initial reports, fell over 17% as the amount of money the company received in the deal fell short of analyst expectations. MAJOR MOVERS: Among the notable gainers were JinkoSolar (JKS) and Thor Industries (THO), which both gained over 10% following their earnings reports. Also higher were shares of Yum! Brands (YUM), which rose nearly 3% after UBS upgraded the stock to Buy. Among the losers were a number of companies that had hoped to convert to real estate investment trusts after the IRS formed a group to study issues relating to REIT conversions. Notably, Iron Mountain (IRM) fell almost 16%, Copart (CPRT) dropped over 6%, and Equinix (EQIX) slid over 5%. INDICES: Near 1 pm ET, the Dow was up 168.95, or 1.12%, to 15,209.57; the Nasdaq was up 35.12, or 1.03%, to 3,459.17; and the S&P 500 was up 15.41, or 0.95%, to 1,637.97. | | | 11:57 EDT | | YUM | Yum! Brands moves higher, potential bullish pattern
Subscribe for More Information | | | 11:51 EDT | | YUM | Yum! Brands advances after UBS ups rating to Buy
Subscribe for More Information | | | 10:11 EDT |  | YUM | On The Fly: Analyst Upgrade Summary
Subscribe for More Information | | | 08:57 EDT | | YUM | Yum! Brands added to U.S. Key Call List at UBS
UBS added Yum! Brands to its Key Call List in conjunction with today's upgrade to Buy from Neutral. | | | 07:29 EDT | | MCD | Connaught Plaza to double McDonald's outlets in India, Economic Times reports
Subscribe for More Information | | | 06:53 EDT | | YUM | Yum! Brands upgraded to Buy from Neutral at UBS
UBS upgraded Yum! Brands based on expectations for an improvement in China sales and profitability. The firm expects margins to recover as bird flu concerns wane, unit growth slows, breakfast/extended hours become more efficient, and the integration of Little Sheep. Price target raised to $80 from $73. | | |
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