Shanghai FDA says Yum samples met standards; will probe further, WSJ says The Shanghai Food and Drug Administration said sampled chicken from Yum's (YUM ) KFC arm complied with government limits on antibiotics but also said it found suspicious levels of an antiviral drug that will need additional attention. Yum, which has said it is working with authorities and is committed to food safety, didn't respond to requests for comment over the weekend, says the Wall Street Journal. Reference Link
Yum! Brands authorizes up to $1B in share repurchases Yum! Brands board authorized the company to repurchase up to $1B in additional shares of common stock. The $1B in additional share repurchases of the company’s outstanding common stock is authorized through May 31, 2016.