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Stock Market & Financial Investment News

News Breaks
December 21, 2012
15:36 EDTYUMYum! Brands says 'cooperating fully with Chinese government'
In response to recent publicity, the Company is providing the following statement: "We're cooperating fully with the Chinese government's review of two poultry suppliers who provided chicken with unapproved levels of antibiotics to KFC. These suppliers represent an extremely small percentage of product to KFC. As such, we do not anticipate a shortage of product supply. Recent publicity has resulted in moderate sales impact the past few days. We take food safety very seriously and the China team is diligently working to resolve this issue."
News For YUM From The Last 14 Days
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July 5, 2015
19:39 EDTYUMMcDonald's to test mobile ordering in China, WSJ says
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July 1, 2015
11:11 EDTYUMAnalyst says Yum! Brands could create value with China spin-off
There is a good chance that Yum! Brands could spin off its China business, adding value to its stock, UBS wrote in a note to investors earlier today. WHAT'S NEW: Activist investors will probably push Yum! to take steps to enhance its value and one of the moves the company is most likely to make is spinning off its China business, UBS analyst Keith Siegner wrote in a note to investors today. Following the spin-off of the China business, the rest of Yum, dubbed "Yum Global" by the analyst, could increase its leverage to 5-6 times and use the proceeds for share repurchases, Siegner believes. Meanwhile, the China business, which he calls "Yum China," would be a direct play on the growth of the Chinese middle class via a company that uses Western accounting standards, the analyst stated. Siegner believes that Yum Global's profits will grow by around low teen percentage levels, while those of Yum China will expand at a high teens/low twenties percentage rate. The analyst estimated that Yum Global would be worth $76 per share and Yum China would be worth $40 per share, leading him to increase his price target on Yum's current shares to $116 from $100. He kept a Buy rating on the stock. PRICE ACTION: In morning trading, Yum rose 1.5% to to $91.40.
07:36 EDTYUMYum! Brands potential China separation an important catalyst, says UBS
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