Stocks mixed...Equifax is asked to do more...No chicken at some KFCs
NEW YORK (AP) — Stocks are mixed in afternoon trading, with the Dow lower, the Nasdaq composite higher, and the S&P 500 holding steady. Disappointing results sent Walmart into a steep slide, pulling down shares in other major retailers and cutting into gains from a rally in technology stocks. The market, which reopened for business after a long holiday weekend, is coming off a six-day winning streak.
NEW YORK (AP) — Shares in Gap gave up 4.9 percent after the clothing chain said the CEO of the Gap brand will leave the company. Jeff Kirwan has been with the company since 2004 and has led the namesake brand since the end of 2014. The Gap said Kirwan failed to achieve “the operational excellence and accelerated profit growth” that the company expected for the Gap brand.
WASHINGTON (AP) — Democratic lawmakers on a House investigative panel are asking Equifax to provide its free credit monitoring and identity theft protection for at least three years. Equifax has offered up to one year of complementary protections after the massive data breach last year that compromised personal information for about 145 million Americans. But the Democratic members of the House Oversight and Government Reform Committee argue that identity thieves often wait much longer to act on stolen information.
LONDON (AP) — Chicken is still as scarce as hen’s teeth at KFC’s British outlets. KFC says about 470 of the fried chicken chain’s 900 U.K. restaurants remain closed because of a chicken shortage. The company says the disruption started last week, when it changed its delivery provider to DHL. Open branches are operating on shortened hours or with limited menus.
UNDATED (AP) — The first treatment to help prevent serious allergic reactions to peanuts may be on the way. California-based Aimmune (AIM-yoon) Therapeutics says its daily capsules of peanut flour helped sensitize children to nuts in a major study. Millions of children have peanut allergies, and some may have life-threatening reactions if accidentally exposed to them. Doctors have been testing daily doses of peanut flour, contained in a capsule and sprinkled over food, as a way to prevent that.