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What you need to know: Yum Brands lowered its earnings growth forecast for the year after reporting worse-than expected sales numbers for its third quarter following a food scandal in China in which a supplier re-labeled meat that had passed its expiration date. 471 more words
Good morning, friends and Fortune readers.
Stocks look set to open lower Tuesday as investors look ahead to the start of third-quarter earnings season, which kicks off (unofficially) with the release of Alcoa’s earnings report tomorrow afternoon. 330 more words
Monday – October 6
Corporate earnings season begins this week as companies divulge their numbers to the public and investing community. Aluminum producer Alcoa will unofficially kick off the season after the close of trading on Wednesday. 170 more words
Vietnamese Restaurant in North Texas Displayed Giant Red Star in Logo, Promptly Changes After Public Criticism
A Vietnamese restaurant in Dallas, Texas, has promptly changed its logo design in accordance with the wishes of the Vietnamese community in the area. The Banh Shop, a trendy new eatery on SMU Boulevard, found itself in hot water last week as a result of its questionable restaurant design, which featured a giant red star as part of its logo, behind the name “Banh Shop.” YUM! 563 more words