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Monday, July 21, 2014

Business Today: Yum, McDonald's apologize as new China food scandal brews

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07/21/2014
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Yum, McDonald's apologize as new China food scandal brews
SHANGHAI (Reuters) - McDonald's Corp and Yum Brands Inc are facing a new food safety scare in China, denting the fast food giants' efforts to shore up reputations and businesses that were hurt by a 2012 safety scandal in one of their biggest markets.
Halliburton gets boost from rebound in North America drilling
(Reuters) - Halliburton Co , the world's No.2 oilfield services provider, reported a better-than-expected 10 percent rise in quarterly revenue, signaling an industry-wide recovery in the region after a two-year slump.
Julius Baer expects to settle U.S. tax case in months
ZURICH (Reuters) - Julius Baer expects to strike a deal with U.S. authorities in a matter of months to settle a criminal investigation into the Swiss bank's role in helping wealthy Americans evade their taxes, its chief executive said on Monday.
CBS Outdoor buys Van Wagner billboard unit for $690 million
(Reuters) - CBS Outdoor Americas Inc said Monday it would buy the billboard business from Van Wagner Communications, a privately held company with outdoor advertising in New York's Times Square and on buses on the Las Vegas strip, for $690 million in cash.
Stock futures slip with Ukraine, Gaza in focus
NEW YORK (Reuters) - U.S. stock index futures edged lower on Monday as developments in Ukraine and Middle East looked to dominate trading amid a thin economic calendar.
A Fox-Time Warner deal would give Murdoch new heft in China
(Reuters) - Rupert Murdoch's plan to buy Time Warner would help the Twenty-First Century Fox chairman make larger inroads in China, a fast-growing market that media moguls are finding hard to crack.
Production halted at Samsung China supplier amid child labor probe
CHASHAN China (Reuters) - Production has been indefinitely halted at a Chinese supplier to Samsung Electronics Co Ltd after the factory was suspected of using child workers.
BlackBerry names ex-Sybase executive as chief operating officer
TORONTO (Reuters) - BlackBerry Limited named Marty Beard as its chief operating officer on Monday, filling a position that had been vacant since November following a management reshuffle.
Tesco ditches CEO for Unilever man after profit warning
LONDON (Reuters) - Tesco is to ditch chief executive Philip Clarke and replace him with a turnaround specialist from Unilever , ending a disastrous three year reign as Britain's biggest retailer warned it would again miss profit forecasts.
Amplats to sell strike-hit South Africa mines
JOHANNESBURG (Reuters) - World number-one platinum producer Anglo American Platinum is to sell a swathe of its most labor-intensive South African mines after a five-month strike shattered its hopes of ever making them profitable.
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