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By Brenda Goh and Paul Carsten SHANGHAI/LANGFANG China (Reuters) - Yum Brands Inc's China division severed ties to OSI China after Shanghai police detained five people from that supplier's meat processing factory at the center of a food safety scare that has ensnared several major Western brands. Shanghai police said on Wednesday the five individuals being held included the head of Shanghai Husi Food Co Ltd as well as its quality manager. "Yum China has decided to immediately terminate all procurement from OSI China," including Shanghai Husi, Yum said in a statement.
WASHINGTON (AP) — Regulators have voted by a narrow margin to end a longtime staple of the investment industry — the fixed $1 share price for money-market mutual funds — at least for some money funds used by big investors.