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Yum Brands Has Big Miss on Sales, Blames Shortfall on China

Yum Brands (YUM) says sales will miss by a mile and its blaming the shortfall on China. Same store sales in China, where it generates more than half of its operating profit, rose just 2%. They were expected to be especially strong, up 9.6%. New York's Attorney General has started an inquiry into fantasy sports sites. Eric Schneiderman is looking into allegations that employees of fantasy sports companies used inside information to win major payouts. He has sent a letter to fantasy sports sites FanDuel and DraftKings requesting information on employees who compile athlete's data and help set prices for daily fantasy contests. SABMiller has rejected an improved takeover offer from bigger rival Anheuser Busch Inbev. The renewed offer was $104 billion.