U.S. stocks retreated, sending the Standard & Poor’s 500 Index to the longest slump since May, as concern intensified about a slowdown in the global economic recovery and American corporate earnings.
Burger King Holdings Inc. rose the most in more than four years in New York trading after the Wall Street Journal said the fast-food chain is in talks with buyout firms on a possible sale.
Burger King Holdings Inc. , the second-largest U.S. hamburger chain, is in talks with 3G Capital about a buyout, said a person familiar with the matter. The shares surged the most in more than four years.
McDonald’s Corp. ’s global sales rose more than analysts estimated last month as diners purchased new beverages such as frappes.
Yum! Brands Inc. , owner of the KFC and Pizza Hut fast-food chains, will seek to buy all outstanding shares in hotpot-restaurant operator Little Sheep Group Ltd. to further expand in China.
"There are some scenarios where they could take on additional debt, buy back some stock and have it be accretive to earnings per share by a decent amount."
- Mark Kalinowski on Oct 27, 2014