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MarketWatch
Rackspace shares are surging Tuesday following a new deal with AMD.
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Bloomberg Markets
On this episode of Stock Movers with Alexis Christoforous:
- Yum! Brands (YUM) agreed to sell its struggling Pizza Hut chain for $2.7 billion to a private equity firm and its China business. LongRange Capital will acquire Pizza Hut ex-China for $1.5 billion, Yum said in a statement Tuesday. Yum China Holdings Inc. will buy the rest of the business for $1.2 billion. The transactions are expected to close in the third quarter.
- Dave & Buster’s (PLAY) shares tumble after the operator of restaura