KFC parent company Yum Brands Inc said that the delay in sales recovery in China would take longer than expected, said Reuters.
Sectors
Asian shares under pressure as US debt increases worries
Asian share prices fell as the US government shutdown would reach a deadline that would probably cause a first ever US debt default if left unresolved, said a Reuters report.
Obama nominates Yellen to become Fed Chair
US President Barack Obama would nominate the Vice Chairwoman of the Federal Reserve to replace outgoing chairman Ben Bernanke whose term ends in January next year.
Jos A. Bank approaches Men's Wearhouse for merger
Jos. A. Bank had approached Men's Wearhouse for a possible merger although the type of tie-up was not clearly stated, reported the Wall Street Journal.
Chesapeake cuts 10% of job
Under its new CEO Doug Lawler, Chesapeake Energy Corp had cut down around 1200 jobs to reduce company spending and lift profit.
Latest News
Mark Cuban's insider trading trial saw emails he sent to then UBS SVP Charles McKinney support earlier testimony made by the Dallas Mavericks owner.
As reported by Dow Jones, Celesio shares increase after McKesson interest in buyout becomes public. After a report that the McKesson Corp was in discussions with Celesio AG majority shareholder Franz Haniel & Cie GmbH as to a possible buyout, share values of the German drug wholesaler rose to their highest in seventeen years.
Tele2 Russia and Rostelecom set to merge after an agreement was formalized to create the fourth largest mobile operator in Russia.
Lululemon Athletica, a yogawear manufacturer, had been looking into expansion as it sees the overseas market to have a promising growth, said a Reuters report.
Francisco Partners, a private equity firm focused on technology, announced today a strategic investment in NexTech that would be subject to customary closing conditions.
Tata Power buys a wind farm while DLF Ltd divests one in differing transactions in Indian wind power generation business.
Should Vodafone buy out its minority shareholders in its Indian subsidiary, it would be the first foreign telecommunications firm to do so after the new rules were implemented.
Venture funding amounting to USD1.5 million in venture funding was received by elevate DIGITAL for its expansion and development purposes.
The global satellite services would be expanded through the capital investment of I2BF Global Ventures in Dauria Aerospace.
