Yum quarterly results due today; China unit draws interest

The latest news about big Louisville employers; updated frequently.

YUM reports any moment now. Analysts were expecting earnings per share of 83 cents vs. 80 cents a year ago. Revenue is forecast at $2.66 billion vs. $2.62 billion. Yum investor relationsYUM shares. Major holders. Today’s results follow reports that China’s sovereign investment fund is considering buying Yum’s mammoth China operations in a consortium that includes private equity shop KKR & Co. The China Investment Corp.-led group was doing due diligence on the business, which could be valued at $7 billion to $8 billion, according to CNBC and Bloomberg.

In other news, two big apartment complex developments — including one on the site of the Phoenix Hill Tavern in the Highlands — may be in jeopardy without richer financial incentives from the city (CJ).

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