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$YUM said its China Division sales in 2Q16 were up 3%, excluding foreign currency translation. KFC system sales grew 6%, excluding foreign currency translation. Pizza Hut system sales rose 1%, excluding foreign currency translation. Taco Bell system sales grew 2%, driven by 3% unit growth and partially offset by a 1% decline in same-store sales.
$GOOG’s Waymo accuses Uber of stealing its intellectual property. Startup Otto, which was recently acquired by Uber, also named in the lawsuit. Stage set for another dramatic legal battle!
We all knew $VALE CEO Murilo Ferreira was going out soon, but now I hear he has no idea who will succeed him!
$JCP, another traditional retailer that just shocked us with its biggest number of store closures.