Yum! Brands Inc (YUM.N)
|Market Cap (Mil.):||$32,094.38|
|Shares Outstanding (Mil.):||439.65|
* Yum says China meat scare impact "significant, negative"
July 30 - A television expose showing improper meat handling by one of its Chinese suppliers caused "significant, negative" damage to sales at its KFC and Pizza Hut restaurants over the past 10 days, Yum Brands Inc said on Wednesday.
(Corrects paragraph 2 to ... Yum's shares .... from ... Yelp's shares ...)
* Five staff at Shanghai Husi Food detained on Wednesday (Adds Hong Kong import ban, comment from Shanghai warehousing firm)
SHANGHAI - China's food regulator has visited close to 600 restaurants, businesses and food distributors as it investigates a fast-spreading food safety scare that has dragged in a number of global brands and hit food outlets as far away as Japan.
SHANGHAI/LANGFANG China - Yum Brands Inc severed ties with OSI Group after Shanghai police detained five people from the supplier's China meat-processing factory at the center of a food-safety scare that has ensnared several major Western brands.
* OSI Group: China authorities inspected all other factories; no more problems found
CHICAGO, July 23 - OSI Group, the U.S.-based meat supplier at the center of a new food safety scandal in China, on Wednesday admitted to problems at a plant in Shanghai that have cost the company business with top fast-food chain Yum Brands Inc.
- Yum Brands Inc's China division has stopped buying from OSI China after Shanghai police detained five people connected to the meat supplier's factory at the center of a new food safety scandal, Yum said on Wednesday.
July 23 - Yum Brands Inc's China division has stopped buying from OSI China after Shanghai police detained five people connected to the meat supplier's factory at the center of a new food safety scandal, Yum said on Wednesday.
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