KFC World Famous Chicken restaurant in Plano, Texas, illuminated at night

Plano, Texas, USA - January 30th, 2022: KFC World Famous Chicken restaurant, illuminated at night

TFC?

KFC is moving its headquarters out of its Kentucky home, heading for Texas

There are more KFCs per person in Kentucky than any other state. The company’s moving anyway.

2/19/25 9:04AM

KFC — formerly known as Kentucky Fried Chicken, until the company officially changed its name to its current initialism in 1991 — is taking the K out of KFC, as the fast-food chain plans a move out of its spiritual and physical home.

The transition comes as its parent company, Yum! Brands, plans to relocate the business to one of its two brand headquarters in Plano, Texas, per an announcement yesterday. The company’s other subsidiary, Pizza Hut, will also join KFC to move to the Lone Star State, while Taco Bell and Habit Burger & Grill will remain headquartered in the Irvine, California, location.

The move is a big one for a company associated so strongly with the state. Indeed, Kentuckians still seem to love the chain: there are 114 KFC restaurants in Kentucky, which, according to our calculations, is equivalent to ~25 KFC restaurants per million people. That’s the most KFC restaurants per person of any state.

Texas, by contrast, ranks pretty middling on our KFCs-per-million metric, coming in with 10.35 KFCs per million people.

Other KFC hot spots include Mississippi, West Virginia, and New Mexico. Eastern states like New Jersey and Massachusetts rank bottom, with just 6.2 KFCs per million New Jersey residents.

Nia Warfield

Fox and News Corp slide as investors digest $3.3 billion Murdoch succession settlement

Fox and News Corp shares dropped on Tuesday after Rupert Murdoch’s heirs agreed to a $3.3 billion settlement to resolve a long-running succession drama.

Under the deal, Prudence, Elisabeth, and James Murdoch will each receive about $1.1 billion, paid for in part by Fox selling 16.9 million Class B voting shares and News Corp selling 14.2 million shares. The stock sales will raise roughly $1.37 billion on behalf of the three heirs.

The new trust for Lachlan Murdoch will now control about 36.2% of Fox’s Class B shares and roughly 33.1% of News Corp’s stock, granting him uncontested voting authority over both companies for the next 25 years. Originally, the Murdoch trust was designed to hand over voting control of Fox and News Corp to Prudence, Elisabeth, Lachlan, and James after his death.

Investors are weighing the trade-off. Clear leadership under Lachlan may resolve conflict internally, but the share dilution, executed at a roughly 4.5% discount, means long-term investors now hold slightly less clout than before.

Both companies’ stocks were trading close to all-time highs prior to the announcement.

385 ✈️ 434

Max Knoblauch

Boeing on Tuesday announced that it delivered 57 commercial jets in August, its best total for the month in seven years. That brings its year-to-date delivery total to 385 planes, eclipsing its full-year 2024 figure by about 11%.

The August figure marked Boeing’s second-highest delivery total of 2025 and represented a 43% jump from the same month last year. Through August, Boeing has boosted its deliveries by 50% from last year.

The plane maker is still trailing its European rival Airbus, which delivered 61 planes in August and 434 year to date.

Nia Warfield

9/8/25

Tariffs finally crept into retail's latest earnings results. Who were the winners and losers?

The long-awaited levies took a toll on nearly every retailer, but execution separated who could steer through the costs.