International Business News - Yum http://www.ibtimes.com All articles are copyrighted by IBTimes.com 400 100 http://www.ibtimes.com/ http://www.ibtimes.com/images/top_logo_ibt2_3.gif Fast-food company Yum Brands Inc. on Thursday predicted earnings-per-share growth of at least 10 percent in 2009, excluding special items. The Louisville-based parent of Taco Bell, Pizza Hut and KFC also reaffirmed its 2008 earnings-per-share-growth forecast of 12 percent, excluding special items. http://www.ibtimes.com/articles/20081204/yum-brands-sees-double-digit-eps-growth-in-2009.htm Thu, 04 Dec 2008 17:04:07 EST A possible dip in sales at established Burger King Corp. locations in November led a UBS analyst to trim his price target Wednesday. Analyst David Palmer said in a note to investors he now expects shares to rise about 13 percent from the company's closing price Tuesday to $22 in the next 12 months. Previously, he set his price target at $26. http://www.ibtimes.com/articles/20081203/ubs-analyst-trims-burger-king-price-target.htm Wed, 03 Dec 2008 13:53:46 EST A group of farm workers has reached an agreement with Subway restaurant chain to pay workers a penny more per pound of tomatoes picked. The deal announced Tuesday by the Coalition of Immokalee Workers mirrors earlier agreements with Taco Bell, McDonald's and Burger King. Under the agreement, Connecticut-based Subway has also agreed to have an outside entity verify the money was passed on to workers. Subway has more than 30,000 restaurants in 87 countries. http://www.ibtimes.com/articles/20081202/subway-agrees-to-pay-florida-tomato-pickers-more.htm Tue, 02 Dec 2008 18:08:56 EST Dismal spending trends at restaurants may be here to stay, said an RBC Capital Markets analyst on Tuesday. Analyst Larry Miller said in a note to investors that a recent RBC survey of more than 1,300 consumers conducted by ChangeWave Research suggests that weak spending by consumers at restaurants in October will likely continue into the next few months at least. http://www.ibtimes.com/articles/20081202/sector-snap-restaurant-spending.htm Tue, 02 Dec 2008 11:51:09 EST Yum Brands Inc. said Friday its board declared a regular quarterly dividend of 19 cents. The owner of restaurant chains including KFC and Taco Bell said the dividend is payable Feb. 6 to shareholders of record on Jan. 16. http://www.ibtimes.com/articles/20081126/yum-brands-sets-19-cent-dividend.htm Wed, 26 Nov 2008 11:32:22 EST A UBS analyst upgraded his rating on shares of both McDonald's Corp. and Yum Brands Inc., the owner of the KFC, Pizza Hut and Taco Bell brands, on Monday, saying the two stocks are a good bet in a struggling economy. http://www.ibtimes.com/articles/20081117/sector-snap-fast-food.htm Mon, 17 Nov 2008 12:47:28 EST Paulson says troubled assets will not be purchased WASHINGTON (AP)--The government has abandoned the original centerpiece of its $700 billion rescue effort for the financial system and will not use the money to purchase troubled bank assets. http://www.ibtimes.com/articles/20081112/business-highlights.htm Wed, 12 Nov 2008 18:22:27 EST Fast-food company Yum Brands Inc. said Wednesday it will eliminate several hundred non-restaurant jobs and shift up to a couple hundred more as part of a restructuring of its U.S. business. http://www.ibtimes.com/articles/20081112/yum-brands-says-it-is-cutting-several-hundred-jobs.htm Wed, 12 Nov 2008 18:39:47 EST A Morgan Keegan analyst said Monday the depletion of retirement funds could keep consumers from eating out, leading to lower sales at established locations. http://www.ibtimes.com/articles/20081110/sector-snap-restaurants.htm Mon, 10 Nov 2008 11:49:47 EST The city wants to make sure rats have no place to hide, at least online. A Rat Information Portal, complete with a searchable map of rat inspections and violations, debuted Thursday on the city's Web site. http://www.ibtimes.com/data/articleimgs/164434-rats-control.jpg http://www.ibtimes.com/articles/20081031/nyc-residents-use-your-mouse-to-track-rats-online.htm http://www.ibtimes.com/articles/20081031/nyc-residents-use-your-mouse-to-track-rats-online.htm Fri, 31 Oct 2008 10:10:54 EDT Restaurant shares mainly rose after the Federal Reserve cut a key interest rate by a half-point point in a bid to steer the economy clear of a prolonged recession and spur economic growth. http://www.ibtimes.com/articles/20081029/restaurant-shares-mainly-rise-after-fed-cuts-rate.htm Wed, 29 Oct 2008 14:27:48 EDT Shares of fast food companies mainly fell Tuesday even after a food industry group said deals at quick service chains were driving increased traffic at restaurants. http://www.ibtimes.com/articles/20081028/sector-snap-fast-food-chains.htm Tue, 28 Oct 2008 11:22:04 EDT Restaurant shares fell in early trading Friday, mirroring a sharp drop in the Dow Jones Industrials as investors worried that a global recession may be on the horizon. http://www.ibtimes.com/articles/20081024/restaurant-shares-drop-in-early-trading.htm Fri, 24 Oct 2008 10:34:46 EDT A Deutsche Bank North America analyst said Friday fast-food chains may be a better investment than casual-dining chains heading into the third quarter earnings season for restaurants. http://www.ibtimes.com/articles/20081017/sector-snap-restaurants.htm Fri, 17 Oct 2008 14:11:23 EDT NEW CUSTOMERS: U.S.-based consumer products companies are increasingly looking overseas to emerging markets for sales growth lacking at home. But developing countries can be volatile places to do business. http://www.ibtimes.com/articles/20081013/summary-business-issues-in-emerging-markets.htm Mon, 13 Oct 2008 16:47:26 EDT With Russian troops pushing into Georgia, Keith Harrison was working his e-mail back in Cincinnati. The first thing he wanted to know: Were Procter & Gamble Co. employees accounted for? Yes, was the answer. Then, did they and their families want to be evacuated? No, came the response. http://www.ibtimes.com/articles/20081013/new-markets-new-problems-for-us-companies.htm Mon, 13 Oct 2008 16:47:04 EDT Beef may not be what's for dinner at your favorite restaurant come 2009. Restaurants, now working to secure supply and price contracts for meat and other commodities for the upcoming year, are expecting big increases in food costs--increases that will likely lead to menu changes and price hikes. http://www.ibtimes.com/data/articleimgs/151364-restaurants-food-costs.jpg http://www.ibtimes.com/articles/20081013/restaurants-may-change-menus-hike-prices-in-2009.htm http://www.ibtimes.com/articles/20081013/restaurants-may-change-menus-hike-prices-in-2009.htm Mon, 13 Oct 2008 17:31:20 EDT Restaurant chain Chick-fil-A said Thursday it has eliminated all artificial trans fats from its chicken and biscuit-laden menu. The Atlanta-based company said it changed its recipe for its waffle fries and its breakfast biscuits to remove trans fat after two years of testing to make sure the taste of the food was not affected by the switch. http://www.ibtimes.com/articles/20081009/chick-fil-a-gets-rid-of-trans-fat.htm Thu, 09 Oct 2008 08:57:51 EDT Fast-food company Yum Brands Inc. on Wednesday predicted solid 2009 profit growth overseas and in its sluggish U.S. business as the operator of KFC, Taco Bell and Pizza Hut expressed confidence in weathering economic turbulence. http://www.ibtimes.com/articles/20081008/yum-brands-predicts-profit-growth-for-2009.htm Wed, 08 Oct 2008 18:45:52 EDT An RBC Capital Markets analyst cut the price targets of eight restaurant companies on Wednesday, saying the chains are all facing slower sales and higher commodity costs. http://www.ibtimes.com/articles/20081008/sector-snap-analyst-cuts-restaurant-price-targets.htm Wed, 08 Oct 2008 14:03:26 EDT