Want to join the conversation?
In Oct., 2015 $YUM said it intends to separate its China business into an independent, publicly-traded company by 2016-end. This transaction, which will be a tax-free spin-off of the China business, will create two independent companies. The new entity will become a licensee of $YUM in mainland China, with rights to KFC, Pizza Hut and Taco Bell.
The latest earnings report by $VZ shows how it is losing customers despite offering the unlimited data plans, a record for the company.
$BEBE is closing down all its stores by the end of May.
$WFC agreed to hike its payout in a class-action settlement over unauthorized accounts by $32 million to $142 million for its retail sales practices. The settlement will now include customers who were impacted as early as May 2002.