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Yum's July Sales in China Drop More Than Expected

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Yum's July Sales in China Drop More Than Expected

Yum's July Sales in China Drop More Than Expected
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Yum's July Sales in China Drop More Than Expected

by Wochit 0:59 mins

KFC parent Yum Brands reported a steeper-than-expected 13 percent drop in July sales at established restaurants in China after back-to-back blows from a food safety scare and a bird flu outbreak. Tesla CEO Elon Musk unveiled the details of his superfast transportation system, Hyperloop, that would be a solar-powered system between cities that could take passengers or cars -- much like a ferry system- only much much faster. Fairfax Financial Holdings, which is BlackBerry Ltd's top shareholder with a 9.9 percent stake, is exploring ways to take the smartphone maker private. Prem Watsa, who is chief executive of Fairfax, stepped down from BlackBerry's board on citing a potential conflict of interest with the company's announcement that it was exploring strategic alternatives.

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