The Fed's unusual intervention in the market will help but "is unlikely to prevent distress at businesses with less certain long-term viability."
The KFC and Taco Bell owner is moving into fast-casual with its acquisition of the burger chain’s parent company.
“We are confident that Chris’ commercial experience with iconic consumer-oriented companies ... will prove instrumental as we drive global growth."
Tesla, Snap, Yum Brands, Reading International, Welty Building, GlobalLogic, NextEra Energy, USA Technologies, Horizon Global
Strong sales at KFC and Taco Bell offset a disappointing quarter for the struggling pizza chain.
The veteran finance executive has extensive restaurant experience, including nearly four years as CFO at Yum Brands.
“The fourth quarter was a solid ending to a year where Yum Brands met or exceeded each component of our full-year guidance,” CFO David Gibbs says.
The owner of KFC is partnering with Primavera Capital and an Alibaba affiliate to make Yum China an "independent restaurant powerhouse."
Hilton, Yum Brands, First Solar, Colonial Life, Brixmor Property Group, Energy Trust of Oregon, CoreLogic, Ampco-Pittsburgh, Captain D's, NN
Marriott International, Yum! Brands, Allianz Life of North America, Santander Consumer USA, The Medicines Co., RigNet, Douglas Emmett Inc., Donaldson Co.
Yum China will operate as a franchise, paying Yum Brands a percentage of its sales for brand rights.
Lawsuits say three Chinese companies used WeChat social media app to spread false rumors about deformed chickens.
