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Yum! Brands Inc (NYSE:YUM) reported first-quarter FY22 sales growth of 4% year-on-year to $1.55 billion, missing the consensus of $1.59 billion. Same-store sales for the quarter grew 3%. Same-store sales at KFC Division increased 3%, Taco Bell climbed 5%, and Pizza Hut was flat. KFC Division ex-China same-store sales grew 10%, and Pizza…

HSBC Holdings plc (NYSE:HSBC) has launched its planned $1 billion share buyback Wednesday as it seeks to redeploy excess capital and reward shareholders. The bank has appointed Merrill Lynch International to conduct the process, which could see as many as 2 billion HSBC common shares canceled in a move that should boost average…

Reckitt Benckiser Group Plc (OTC:RBGLY) (OTC:RBGPF) has hiked prices across its product range to pass an increase in raw material costs onto customers, the Financial Times reported. The move comes after the consumer giant said that inflation on the cost of goods sold has increased from low teens to high teens based on current…

Hertz Global Holdings, Inc (NASDAQ:HTZ) chief Stephen Scherr saw a recovery in business travel and possibly choking the already packed supplies of rental cars, CNBC’s Jim Cramer reports. However, the rebound of business travel is still in its early stages compared to leisure travel, Scherr said. He saw the in-bound visitor from…

Tesla, Inc (NASDAQ:TSLA) recalled 14,684 imported and locally made Model 3 cars in China on software problems as previously declared by the market regulator, Reuters reports. The recall marked Tesla's second batch of recalls in April. Also Read: BREAKING: Tesla Recalls 127,785 Model 3 Vehicles In China Over Manufacturing Defects The regulator said…

First Solar, Inc. (NASDAQ:FSLR) reported a first-quarter FY22 sales decline of 54.3% year-over-year to $367.04 million, missing the consensus of $592.68 million. The revenue tumbled due to a decrease in module sold volume, a decrease in the module average selling price, and lower project revenue in Japan. The gross margin fell sharply…

Roku Inc (NASDAQ:ROKU) reported first-quarter FY22 revenue growth of 28% year-over-year to $733.7 million, beating the consensus of $718.31 million. Platform revenue increased 39% Y/Y to $647 million. In Q1, Roku added 1.1 million incremental Active Accounts to reach 61.3 million; Streaming Hours increased by 1.4 billion hours over the…

Caterpillar Inc (NYSE:CAT) reported first-quarter FY22 sales and revenue growth of 14.3% year-over-year to $13.59 billion, beating the consensus of $13.40 billion. Revenue growth was driven by higher sales volume and favorable price realization, partially offset by unfavorable currency impacts. Segment Revenue: Construction Industries $6.12 billion (+12% Y/Y), Resource Industries $2.83 billion (+30%…

Search giant Baidu, Inc (NASDAQ:BIDU) plans to deploy cars without humans behind the wheel on Chinese roads for the first time, Bloomberg reports. Baidu looks to expand Apollo Go into 65 cities across China by 2025 and 100 cities by 2030.  The ride-hailing platform currently has about 300 cars nationwide, with each vehicle…