China is one of Yum's biggest markets and the firm warned that its profits may decline further in 2013.
The approval comes a month after the ministry of commerce cleared Yum Brand's takeover of Little Sheep Group.
McDonald's burger battle plan against the likes of privately held Burger King , Wendy's International and Yum!
As the fast-food connoisseurs nibble and use computers to answer questions about taste, texture and color, David Novak, chief executive of Yum Brands, KFC's parent company, watches and listens.
In the U.S., Yum remains a major player.
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This year, bankers expect a new wave of Hong Kong IPOs from multinationals looking to list their China operations, throwing out names of prospects like U.S.-based Yum Brands Inc.
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The concern isn't limited to domestic producers: U.S. fast food giant Yum Brands Inc.
The concern isn't limited to domestic producers: U.S. fast-food giant Yum Brands Inc.
Jack in the Box competes with McDonald's, Burger King Holdings, and Yum!
At Yum Brands' three main chains, U.S. average same-store sales growth softened last year after the first quarter. (They rose an estimated 2% for the year.) In a move that can be seen as desperate, McDonald's and Burger King keep extending those 99-cent add-ons in an attempt to boost sales.
She has led PepsiCo's restructuring, including the divestiture of its restaurants into YUM!
But Bassoul, 47, knows he can bank on upcoming orders from Fresh City as well as from much larger outfits like Yum Brands (KFC, Pizza Hut, Taco Bell) and Domino's Pizza.
They also may provide solace to companies like McDonald's (nyse: MCD - news - people ), Yum!
It sold cups to McDonald's (nyse: MCD - news - people ), Yum Brands and Starbucks (nasdaq: SBUX - news - people ).
The down market pressured other fast-food shares as well, with McDonald's down 0.2%, Burger King Holdings 0.4% and Yum!
Brands ' (nyse: YUM - news - people ) rat-infested Taco Bell to Ford Motor 's (nyse: F - news - people ) roll-overs and Merck 's (nyse: MRK - news - people ) heart-attack-triggering Vioxx drug.
The Malaysians were miffed at General Surayud's claim that funds were being raised for the insurgency by extorting money from restaurants selling Thai tom yum kung soup in Malaysia.
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