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  • Yum! Brands shares slide; Whole Foods weak sales; Kraft Foods profits tumble

    Kathy Cherpelis at Hot Stock Minute59 mins ago

    Here is a look at some of the stocks the Yahoo Finance team will be watching for you today.

    Yum! Brands (YUM) shares fell in early trading after the owner of KFC and Pizza Hut restaurant chains said global profits could take a hit this year after a drop in China sales, following news that one of its suppliers was using expired meat.

    Avon Products (AVP) shares rose in the pre-market. The beauty products company said even though its still having a tough time with the turnaround, it expects performance to improve in the second half of the year. This after it reported earnings and revenue that missed analysts' estimates as sales continue to decline in North America and Latin America 

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  • Target's new CEO; Whole Foods loses its edge; Initial jobless claims

    Dean Arrindell at Hot Stock Minute2 hrs ago

    The number of people who applied for initial jobless claims last week rose from a 14-year low, but was still fewer than economists expected. The Labor Department said weekly jobless claims rose to 302,000 from the previous week’s revised 279,000. Analysts expected 305,000 initial jobless claims last week. The four-week average fell 3,500 to 297,250. It’s the first time the four-week average fell below 300,000 since April 2006.

    Bank of America (BAC) was fined nearly $1.3 billion by a federal judge for bad mortgages sold by its Countrywide Financial unit to Fannie Mae and Freddie Mac. BofA acquired Countrywide in 2008 as the financial crisis was unfolding. This comes as Bank of America is in negotiations with the Justice Department to settle claims over other shoddy mortgage securities it sold. The two sides have been at odds for some time over the amount of the penalty.

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