Kellogg Co. engages in the manufacturing, marketing, and distribution of ready-to-eat cereal and convenience foods. It markets cookies, crackers, crisps, and other convenience foods, under brands such as Kellogg's, Keebler, Cheez-It, Pringles, Murray, Austin and Famous Amos, to supermarkets in the U.S. It operates through the following seven segments: North America, Europe, Latin America, and AMEA. The North America segment includes U.S. Frozen, Kashi company, and RX businesses. The Europe segment consists of European countries. The Latin America segment comprises of Central America and Mexico. The AMEA segment consists of Africa, Middle East, Australia and other Asian and Pacific markets. The company was founded by Will Keith Kellogg in 1906 and is headquartered in Battle Creek, MI.
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bank branch closures prompt new banking solutions across the uk
A significant number of bank branches, including 254 from Lloyds, Halifax, and Bank of Scotland, are set to close in 2025 and 2026, prompting concerns over access to banking services. To mitigate this, alternatives such as Post Office branches, mobile banking services, and new super ATMs are being introduced, alongside the establishment of banking hubs that offer routine transactions and consultations with bank staff.
ubs joint ventures invest in sanctioned chinese companies amid controversy
UBS joint ventures have invested approximately CHF 1 billion in two Chinese companies under US sanctions, including Aviation Industry Corporation of China Xi"an and Hikvision. The bank holds 49% and 20% stakes in these firms, which are linked to the Chinese government and have been on the sanctions list since 2021. UBS asserts that these transactions comply with legal regulations.
wiss bank faces scrutiny over ties to sanctioned chinese military firms
UBS is reportedly linked to Chinese military companies under U.S. sanctions, investing around $1 billion in fighter jet manufacturer Avic Xi"an and surveillance supplier Hikvision through joint ventures. Despite selling shares after the sanctions were imposed, UBS"s joint ventures have made significant purchases, raising concerns about potential U.S. retaliation. The bank maintains that its investments comply with U.S. laws, asserting that trading of these securities is permissible outside the U.S. as long as U.S. persons are not involved.
ubs faces scrutiny over investments in sanctioned chinese military firms
UBS is reportedly linked to sanctioned Chinese military firms, investing around $1 billion in Avic Xi"an and Hikvision through joint ventures with state-owned enterprises. Despite these ties, UBS asserts compliance with U.S. regulations, stating that their investments do not violate sanctions as long as U.S. persons are not involved in transactions.
ubs faces scrutiny over ties to sanctioned chinese military firms
UBS is reportedly linked to sanctioned Chinese military firms, investing around $1 billion in Avic Xi"an and Hikvision through joint ventures with state-owned enterprises. Despite these ties, UBS asserts compliance with U.S. regulations, stating that their investments do not violate sanctions as long as U.S. persons are not involved in transactions.
UBS faces scrutiny over ties to sanctioned Chinese military companies
UBS is reportedly involved in sensitive business with US-sanctioned Chinese military companies, including stakes in Aviation Industry Corporation of China and Hikvision. Despite reducing investments post-sanctions, joint ventures have increased exposure. The bank has stated it adheres to US regulations, but the timing of this revelation poses challenges as UBS seeks a full banking license in the USA.
restaurant industry executives optimistic for recovery despite recent challenges
Restaurant executives are optimistic about 2025 following a challenging 2024 marked by a 50% increase in bankruptcy filings and declining traffic. However, recent data shows a 2.8% rise in fast-food traffic in October, and falling interest rates may boost consumer confidence and restaurant growth. Despite this, some chains continue to face headwinds, with value competition intensifying and concerns about a slow consumer recovery lingering.
strategies for maximizing savings during black friday and holiday shopping
Black Friday shopping is expected to be busier than ever, but many deals may not offer significant savings, with 35% of items at major retailers priced the same as before. Retailers are incentivizing early shopping due to potential shipping delays and a shorter holiday season. While fall clothing and electronics typically see steep discounts, beauty and footwear are better bought on Cyber Monday, and toys may be cheaper closer to Christmas.
s and p 500 futures remain flat as market shows signs of weakness
S&P 500 futures are flat as the market heads for a losing week, following a decline in major indexes after Federal Reserve Chairman Jerome Powell indicated no rush to cut interest rates. Applied Materials fell over 5% due to weak revenue guidance, while Domino’s Pizza surged more than 7% after Berkshire Hathaway's investment. Investors are awaiting key economic data on retail sales and industrial production, with Alibaba set to report earnings on Friday.
berkshire hathaway invests in dominos pizza and pool corp shares
Berkshire Hathaway Inc. has acquired approximately 1.3 million shares in Domino’s Pizza, representing a 3.6% stake valued at around $550 million, as Chairman Warren Buffett reduced some long-held investments. The stock of both Domino’s and Pool Corp. surged in late New York trading following the announcement.
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