Yum says bird flu hits China April sales; March down

(Reuters) – KFC parent Yum Brands Inc warned that a new bird flu outbreak in China badly hit restaurant sales there this month, even as the company also reported a sharper-than-expected slide in March sales in the country caused by the lingering impact of a separate food safety scare.

Mexico’s Carlos Slim increases stake in America Movil: SEC filing

MEXICO CITY (Reuters) – The world’s richest man, Mexico’s Carlos Slim, has increased his stake in his flagship phone company, America Movil, according to a filing with the Securities and Exchange Commission on Wednesday.

Retail trade group to opt out of $7.2 billion credit card-fee pact

NEW YORK (Reuters) – A major retail trade association said Wednesday it will reject a proposed $7.2 billion settlement with credit-card giants Visa Inc and Mastercard Inc over card fees, calling it a “bad deal” for nearly 8 million U.S. merchants.

Barrick heeds Chilean court, halts work on Pascua-Lama mine

SANTIAGO (Reuters) – Barrick Gold Corp halted construction on its huge Pascua-Lama gold and silver mine in Chile on Wednesday after a local court ordered the suspension to weigh indigenous communities’ claims that the project destroys glaciers and harms their water supply.

American Air woos business flyers with new L.A. flights

(Reuters) – AMR Corp’s American Airlines, moving to gain more business travelers, on Wednesday said it plans to expand service from Los Angeles by adding flights to nine cities this year.

Ex-KPMG auditor’s lawyer says inside trader cooperating with FBI

NEW YORK (Reuters) – The man who had received inside information on Herbalife Ltd and footwear maker Skechers USA Inc from a senior KPMG auditor in Los Angeles is cooperating with federal investigators, the former auditor’s lawyer said on Wednesday.

Study pinpoints U.S. companies susceptible to takeovers

(Reuters) – Corporate raiders take note: new research finds that financial services company Morgan Stanley and retailer J C Penney Co Inc are among the most vulnerable to hostile takeovers.

CEOs of biggest U.S. banks to meet with Obama on Thursday: sources

NEW YORK/WASHINGTON (Reuters) – Executives of the biggest U.S. banks are expected to meet with President Barack Obama on Thursday, according to people familiar with the matter.