Additional US Equity Stories – YUM, DAL, TSLA, HON, ANDV, MPC, BAC

Yum! Brands (YUM) – The co.’s KFC division COO, Tony Lowings, will become the new CEO, replacing Roger Eaton who is retiring at the end of the year. (Newswires) Delta Airlines (DAL) – The co.’s CEO, Bastian, has said the recent system outages were a result of a “physical device issue.” (Newswires) Tesla (TSLA) – The possible settlement with the SEC could have included Elon Musk being barred as Chairman for two years, a fine for Musk and Tesla, two new independent directors and Musk to neither admit or deny culpability. (Newswires) Honeywell (HON) – The consumer products group announced a 10% increase in its Q4 dividend raising it to USD 3.28/shr from USD 2.98/shr. (Newswires) Andeavor (ANDV) – The oil co. announced the preliminary results of its stockholder election for previously announced acquisition by Marathon Petroleum (MPC), when once completed Andeavor shareholders will receive 240mln shares of Marathon common stock and approx. USD 3.5bln. (Newswires) Bank of America (BAC) – The bank is reportedly “cracking down” on penny stocks, where it banned purchases of penny stocks in late July and from September 30th will review all stocks USD 5 or lower with a market cap under USD 300mln (Newswires)