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Yum Brands Spin Off Chinese Business (NYSE: YUM)

Yum Brands Spin Off Chinese Business (NYSE: YUM)

Yum Brands has announced its intentions to spin off its operations in China into a separate company. The new Chinese company will be based in Shanghai and will be known as Yum China. Chief executive of KFC Micky Pant will head the spun-off company. The separation was expected to be […]

Rolls Royce Meltdown Stuns Investors.

Rolls Royce Meltdown Stuns Investors.

Warren East the CEO at Rolls-Royce Holdings revealed the full extent of the meltdown in earnings facing Britain’s top manufacturing company. He added that he had uncovered some issues with the organization and management that are far more deeper and divided than originally thought. Profit before taxes will take a […]

Marriott Acquisition Created The Largest Global Hotel Chain (NASDAQ:MAR)

Marriott Acquisition Created The Largest Global Hotel Chain (NASDAQ:MAR)

If Marriott International’s recently announced $12.2 billion bid for Starwood Hotels and Resorts Worldwide is approved, the merger would create the largest hotel chain in the world. Marriott announced that it would acquire Starwood for $11.9 billion in stock and $340 million in cash. Starwood’s brands include Westin, W and […]

Actavis Plc: Orexigen Therapeutics, Inc. And Takeda Pharmaceutical Filed Lawsuit To Block Generic Weight-Loss Pill

Actavis Plc: Orexigen Therapeutics, Inc. And Takeda Pharmaceutical Filed Lawsuit To Block Generic Weight-Loss Pill

Orexigen Therapeutics, Inc. (NASDAQ:OREX) and its partner Takeda Pharmaceutical Co Ltd (ADR) (OTCMKTS:TKPYY) have filed a lawsuit against Actavis Plc (NYSE:ACT) to block a generic version of a weight-loss pill sold in the market under the name Contrave, according to Reuters. The lawsuit against Actavis Laboratories FL Inc, Andrx Corp, […]

Dollar General Trims Sales View and Committed to Rival Buy

Dollar General Trims Sales View and Committed to Rival Buy

Dollar GeneralThe full-year sales forecast was reined in by Dollar General Corporation as the company confirmed that it will stay committed to purchasing its rival, Family Dollar Stores, Inc. If the sale is approved, it would solidify Dollar General’s place as being the number one discount retailer in the United […]