WASHINGTON (AP) - The White House says President Barack Obama will nominate Federal Reserve vice chair Janet Yellen to succeed Ben Bernanke as chairman of the nation's central bank.
By Lisa Baertlein (Reuters) - KFC parent Yum Brands Inc on Tuesday warned that sales at established restaurants in China, its top market, are unlikely to rebound in the fourth quarter, as it had expected, and its shares fell almost 7 percent in extended trading. Yum operates more restaurants in China than any other U.S. brand and said it remains confident in its business in the world's fastest-growing major economy that accounts for more than half of the company's overall operating profit. ...
SINGAPORE/TOULOUSE (Reuters) - Stung by the loss of a multi-billion dollar jet order from Japan Airlines to arch-rival Airbus , Boeing Co will mount an all-out defense of its position with Japan's other major airline, ANA, a source close to the U.S. planemaker said.
(Reuters) - Warren Buffett's Berkshire Hathaway Inc disclosed a 2.8 percent passive stake in Goldman Sachs Group Inc as it converted warrants acquired during the financial crisis.