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While sales at its KFC chain have largely stabilized after a period of weakness, thanks to upgraded stores and a big push on delivery, Yum China has been trying to revive performance at Pizza Hut, which has posted just three quarters of positive same store sales growth in China since the start of 2014. In February, Yum China, reported a 6 percent year-on-year rise in total system sales for the fourth quarter, led by KFC, but sales at Pizza Hut dipped 2 percent during that period. Wat said in 2017 that a turnaround could take up to two years to bear fruit. Towards that goal, the firm has so far rolled out a new store design and a series of promotions. It will introduce a new menu with 15 percent fewer items next week burberry cufflinks nordstrom.
She said on Tuesday that while same store sales had yet to recover, the business had hit a milestone in the fourth quarter when traffic growth turned positive burberry cufflinks nordstrom. “When we are turning the ship, when we work hard to get the momentum to turn, it’s not easy, there are many forces at work, but we certainly feel like we are on the right track and doing all the right initiatives,” she said. “At the time we set out a very aggressive time frame..but management does not have a crystal ball either,” she added. “We still have a little bit of time.”..
DUBAI (Reuters) – Oman on Tuesday stopped Boeing Co 737 MAX aircraft from flying to or from the Sultanate, following a fatal crash involving the U.S burberry cufflinks nordstrom. planemaker’s latest model in Ethiopia. The Public Authority for Civil Aviation “is temporarily suspending operations of Boeing 737 MAX aircraft into and out of all Omani airports until further notice,” it said in a tweet. State-owned Oman Air operates five 737 MAX 8 aircraft, according its website, the same type operated by Ethiopian Airlines that crashed on Sunday..
NEW YORK (Reuters) – It seemed like an opportunity a lender would not want to miss. The loan paid 10.25 percent interest which would go up if a benchmark rose burberry cufflinks nordstrom. The borrower was Trident USA Health Services, a growing company which provided bedside medical testing in nursing and assisted living centers. Trident was buying similar companies across the country targeting cost savings from consolidation. Trident filed for bankruptcy last month. It had taken on too much debt to cope with reduced Medicare and Medicaid payments, equipment upgrades and other issues. A new billing system for the expanded company failed and it never collected millions of dollars. Trident’s lenders face estimated losses of 50 to 100 percent. “We were wrong,” Michael Mauer, chief executive of CM Finance Inc, (CMFN.O) one of the lenders, said in a Feb. 7 call with stock analysts..
After the Great Recession, regulators squeezed much of the risk out of U.S. banks. But risk has not gone away. Much of it now resides in non-bank financial entities, including commercial loan companies, such as CM Finance, private credit funds, and structured finance vehicles, many of which have yet to be tested by a broad recession after a nearly decade-long expansion. The borrowers include mid-sized, speculative-grade companies that have loaded up on debt to fund their expansion. Sometimes one setback can push them over the edge, as happened with Trident’s botched billing system roll out burberry cufflinks nordstrom.