Here’s a look at some of the companies the Yahoo Finance team will be watching for you.
Apple (AAPL) is under fire for moving iCloud accounts from mainland China to state-run Chinese servers. Apple is also handing over the digital keys needed to unlock those accounts. Apple made the controversial decision in order to do business in China where the law requires companies to keep all data within the country.
South Korean officials are putting the blame on General Motors (GM). They say the shutdown of one of its four plants in the region was thanks to GM’s high interest rates on nearly $3B in loans. Now that GM wants to trade its debt for equity in exchange for financial support, officials are demanding an audit of the company’s management.
Papa John’s (PZZA) and the NFL say they’ve made a “mutual decision” to end their official league sponsorship. The move comes almost four months after former Papa John’s CEO, John Schnatter, blamed player protests for a drop in ratings and fewer pizza sales. While Papa John’s will reportedly continue to play a role on game days, NFL sources confirm Pizza Hut (YUM) will now take the mantle as the new official pizza of the league.
McDonald’s (MCD) is reviving its relationship with Disney (DIS) to put toys back into its Happy Meals. Toys will return in June starting with Disney’s ‘Incredibles 2’-themed trinkets. Mickey D’s previous agreement with Disney ended in 2006.