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Yum Brands misses sales, profit estimates as Pizza Hut battles rivals; shares drop
By Nivedita Balu and Hilary Russ (Reuters) – Yum Brands Inc <YUM.N> shares fell 4.7% after it reported quarterly same-store sales and profit that missed analyst expectations on Thursday, as stiff competition took a bite out of sales at its Pizza Hut chain in the United States. Chief Executive Officer David Gibbs said on a […]
Body found: Auckland businesswoman had been looking forward to life with new partner
Elizabeth (Ying) Zhong was a grandmother who had been looking forward to living her life with her new partner, a friend told the Herald. A body believed to be that of the 55-year-old business woman reported missing from Counties Manukau East was found yesterday afternoon. A source told the Herald the body was uplifted from […]
Coronavirus slowdown starts to rival Fed’s doomsday bank stress test scenario
By Pete Schroeder WASHINGTON (Reuters) – The unfolding market shock and economic crisis wrought by the coronavirus disruption is shaping up to be a nightmare for the Federal Reserve – literally. Over the past month, rapidly deteriorating economic and financial conditions have begun to rival the central bank’s doomsday scenario against which it will test […]