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U.S. Morning Call: Yummy Yum!; Microsoft mimicking Mac

Wednesday, October 10, 2012 - 03:10

Oct 10 - China found Yum! Brands yummy, driving up earnings, while Microsoft's CEO Steve Ballmer says the software giant should emulate Apple, and shift into hardware and online services.

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The Chinese -- KC and pizza -- Yani and Microsoft looking to make friend and me apple. Is it more on your morning call for Wednesday. Let's -- up the show with earnings costs go out with results earlier today -- 827%. Jump in fourth quarter profit. Asked chain saw sales -- to rise and got a lift from higher membership fees. Planes and autos driving Alcoa toward a quarterly profit that beat Wall Street's expectations. And young -- seeing a lift in share price today. KFC parent raised its full year outlook on Tuesday after seeing robot sales in the US and China. Also keeping an eye and a bunch of other stocks this morning including FedEx. Delivery giant looking C word as it plans to cut. As -- cuts rather to its underperforming. Air freight division. FedEx seeks to boost profit at that unit by one point seven billion dollars over the next four years. Toyota and reverse -- today the carmaker recalling seven point four million vehicles worldwide over -- power window glitch. And denim maker True Religion looking for a make over. The Wall Street Journal says the chain announced today it's itself up for sale and has fielded buyout proposals from PE firms. And other retailers. Checking in on markets this morning US stock futures point to a -- open. Investors dealing with a number of bearish factors a sluggish global economy of the eurozone average debt crisis. And concerns over the earnings season. -- crude reacting to all -- news is down to 114. Dollars after rallying yesterday on supply worries from the Middle East. It's the latest casualty in the mortgage fraud crusade against big banks. Wells Fargo being sued by the US government for questionable lending practices during housing boom. This civil suit alleges the Federal Housing Administration paid hundreds of millions of dollars on insurance claims. On defaulted mortgages as a result of false certifications by the West Coast bank. Shares of Wells Fargo closed down around 2% on Tuesday. And finally a case of apple -- -- in his annual letter to shareholders Microsoft CEO Steve -- Said his company may eventually make its own phones. To build on its tablet brand. The new approach directly mimics apple -- iPhone and iPad with their integrated software they went devices look like antiques. A look at the two companies' values and -- is likely thinking apple must be doing something right. And while apple has soared over the past few years Microsoft's been stuck in a range. Bomber following old business maxim if you can't beat them copy. That's your morning call for Wednesday follow us on Twitter at Reuters Insider for the latest headlines and check out our order YouTube channel at Reuters dot com slash orders TV. I'm Lisa Bernhard this is Reuters.

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U.S. Morning Call: Yummy Yum!; Microsoft mimicking Mac

Wednesday, October 10, 2012 - 03:10