Economy News

Yum! Brands Sales in China Rose 1% During December

Yum! Brands Sales in China Rose 1% During December

Yum! Brands Inc, which operates KFC, Pizza Hut and Taco Bell, announced that December sales at same stores were up 1% across China, where a spinoff of operations will take place this year. Sales at comparable stores for KFC were up 5% in China, said the company based in Louisville, […]

Pandora To Pay Higher Rates To Artists Next Year (NYSE:P)

Pandora To Pay Higher Rates To Artists Next Year (NYSE:P)

Pandora and other free Internet radio services will be required to pay record companies more for the next five years. In a decision closely watched by the music industry and Wall Street, a panel of federal judges, the Copyright Royalty Board, increased the royalties that those companies must pay for […]

Xiaomi Misses Sales Target for 2018 But Sells 70 Million Smartphones

Xiaomi Misses Sales Target for 2018 But Sells 70 Million Smartphones

On Friday, Xiaomi the China-based smartphone maker announced that it had shipped more than 70 million smartphones during 2018. Although a very high number, it was short of the company?s ambitious target of 80 million. Growing competition and a high dependence on the market in China were factors that might […]

GM Purchases Ride-Hailing Sidecar?s Assets

GM Purchases Ride-Hailing Sidecar?s Assets

General Motors has increased its expertise in the ride-sharing/hailing arena. The Detroit-based automaker hired some employees and purchased the assets of recently shuttered Sidecar Technologies, a ride-sharing/hailing company that closed last month. According to a company statement, GM has hired employees of Sidecar to integrate them into the urban mobility […]

Macy?s Ramps Up Restructuring After Dismal Holiday Season (NYSE:M)

Macy?s Ramps Up Restructuring After Dismal Holiday Season (NYSE:M)

Macy?s executives are not happy with the way the 2015 holiday season went. The company reported that its stores suffered a significant sales decline during the holiday season. Sales at stores open at least a year fell 4.7 percent in November and December, compared with the totals reported during the […]