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Fast food chain $YUM said that in 1Q16, costs of $9MM were recorded in G&A expenses relating to the planned separation of YUM China business and the related recapitalization of $YUM. Since this announcement was made, $YUM incurred a total cost of $18MM and expects additional cash costs of approx. $30MM to complete this spin-off.
$BABA seems to be on a roll! But increasing its yearly sales outlook from 48% to 54% seems over-expectation from the company's part, doesn't it?
$JNJ down 2% in pre-market trading. Earnings beat expectations, but sales disappointed. Johnson is cautious on its outlook. How it will perform in the future?