Yum! Brands Sinks After Disclosing China Probe (YUM, MCD)

Shares of Yum! Brands were down more than 6% after hours after the company disclosed that authorities in China launched an investigation into its relations with a supplier following media reports.  In a filing with the SEC, Yum! said that a report aired on TV in China depicting improper food handling practices by supplier Shanghai Husi, a division of OSI, which lead to a Shanghai FDA investigation, which alleged illegal activity, and the company terminating its relationship with OSI.  The comp...