SAN FRANCISCO, Dec. 10, 2008 (Reuters) — California's budget crisis is growing worse as its shortfall for its current fiscal year has increased to an estimated $14.8 billion from a previously estimated $11.2 billion, Gov. Arnold Schwarzenegger said on Wednesday. ... > full story
NEW YORK, Dec. 10, 2008 (Reuters) — Auto and mortgage lender GMAC said on Wednesday that only a fraction of its bondholders agreed to swap their debt, raising doubts over the company's efforts to become a bank holding company and stay solvent. ... > full story
NEW YORK, Dec. 10, 2008 (Reuters) — Upscale department store Neiman Marcus posted an 84 percent drop in quarterly profit on Wednesday as its affluent shoppers cut spending in the face of sharp declines in the financial markets. ... > full story
NEW YORK, Dec. 10, 2008 (Reuters) — Photography company Eastman Kodak Co said its 2008 revenue and earnings will fall short of expectations, because of a dramatic slowdown in consumer spending, and its shares fell more than 10 percent before recouping some losses. ... > full story
LOS ANGELES, Dec. 10, 2008 (Reuters) — Yum Brands Inc can hit its target for 15 to 20 percent profit growth in China without unusually strong sales at established restaurants, an executive for the parent of KFC, Taco Bell and Pizza Hut said on Wednesday. ... > full story
BOSTON, Dec. 10, 2008 (Reuters) — It's not just a slowing growth of its main product and an 80 percent stock decline in five months that has some big investors in Irish drugmaker Elan riled up. ... > full story
NEW YORK, Dec. 10, 2008 (Reuters) — American International Group Inc , the giant insurer bailed out by the U.S. government, is trying to figure out how it can unwind contracts that cover $9.7 billion in trades, without asking taxpayers for more money. ... > full story
CHICAGO, Dec. 10, 2008 (Reuters) — Office Depot Inc said on Wednesday it plans to close 126 stores and lay off about 4.5 percent of its workforce and may exit businesses as the economic downturn cuts demand from small businesses and retail customers for office supplies. ... > full story
NEW YORK, Dec. 10, 2008 (Reuters) — GMAC's bond price fell on Wednesday and its credit insurance costs rose after the finance company said it did not receive enough response to an exchange offer to meet capital requirements to become a bank holding company. ... > full story
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NPC International, Pizza Hut complete transactions Dec. 10, 2008 (BizJournals) — NPC International Inc. and Pizza Hut Inc. have completed transactions in which NPC bought 191 Pizza Hut units from Pizza Hut, including 52 in the ...
Yum Brands boosts its dividend by 27 percent May 6, 2008 (Conde Nast Portfolio) — Yum Brands Inc. has raised its quarterly dividend by 27 percent, to 19 cents a share from 15 cents, payable Aug. 1 to shareholders of record on ...
Yum Brands Officer Exercises Options Dec. 20, 2007 (Conde Nast Portfolio) — A division president of Yum Brands Inc., which operates Taco Bell, KFC and other fast-food chains, exercised options for 110,092 shares under a ...
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