Yum Brands shares fall on GrubHub investment
LOUISVILLE, Ky. (AP) — The fallout from GrubHub’s slowdown continues, this time impacting one of the country’s largest restaurant chains. Taco Bell owner Yum Brands Inc. said Wednesday it recorded a $60 million pretax write-down on the value of its GrubHub investment in the third quarter. Yum invested $200 million in the food delivery service last year. That lowered Yum’s…
