KFC parent Yum Brands Inc reported a 13 percent drop in July sales at established restaurants in China, a steeper-than-expected drop after back-to-back blows from a food safety scare and a bird flu outbreak in its most important market.
Stocks are closing mixed on Wall Street after a quiet day of trading. Technology stocks were a bright spot. Apple rose after a report said an updated iPhone would be announced next month and BlackBerry jumped after saying it would consider putting itself up for sale.
A legal battle between activist investor Carl Icahn and computer magnate Michael Dell has been delayed, with a court setting a hearing then on Icahn's contention that Dell's bid to buy back Dell Inc is "an insult to shareholders."