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┬áMarathon 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)