(Reuters) - Yum Brands Inc on Wednesday warned that it is taking longer than expected for its China business to recover from a safety scare involving a minor supplier, and reported that fourth-quarter sales at established restaurants there fell 16 percent.
(Reuters) - Staples Inc and Office Depot should find the second time is a charm as the top two U.S. office supply chains once again test the views of antitrust regulators in the rapidly changing retail landscape, experts said on Wednesday.
RIO DE JANEIRO (Reuters) - Investors betting that a long-awaited management change at Brazil's Petrobras will result in a swift rebound of the state-run oil company's fortunes are likely to be disappointed.
LONDON (Reuters) - BT has reached agreement with Orange and Deutsche Telekom to buy their UK mobile network operator EE and a deal could be announced as early as Thursday morning, a person familiar with the situation said.
NEW YORK (Reuters) - Oil prices crashed on Wednesday, with U.S. crude losing 9 percent in one of its biggest daily routs ever, as record high oil inventories in the United States cut short a four-day rally.
MEXICO CITY (Reuters) - The world's No. 2 toymaker, Hasbro Inc, has paid $65 million to Mexican tax authorities in a settlement, a spokeswoman for the company said on Wednesday, following a probe into the company for possible for tax avoidance.
(Reuters) - Private equity firm Apollo Global Management LLC is in advanced talks to acquire Protection 1 in a deal that could value the U.S. home security company at close to $1.5 billion, including debt, according to people familiar with the matter.