(Reuters) -Kellogg said on Tuesday it was splitting into three independent companies by spinning off its North American cereal and plant-based foods businesses, becoming the latest big U.S. firm to break itself up. Shares of the company, which began life in 1894 when W.K Kellogg created Corn Flakes and became known around the world for…
KYIV, Ukraine (AP) — Russian attacks laid down a curtain of fire Tuesday across areas of eastern Ukraine where pockets of resistance are denying Moscow full military control of the region, almost four months after the Kremlin unleashed its invasion. “Today everything that can burn is on fire,” Serhiy Haidai, the governor of Ukraine’s eastern…
Kellogg Co., the 116-year-old maker of Frosted Flakes, Rice Krispies, Pringles and Eggo, will split into three companies focused on cereals, snacks and plant-based foods. Kellogg’s, which also owns plant-based food brand MorningStar Farms, said Tuesday that the spinoff of the yet-to-be-named cereal and plant-based foods companies should be completed by the end of next…
By Dominique Vidalon PARIS (Reuters) – Alphabet unit Google has made commitments to resolve a dispute in France over copyright for content used online, the country’s antitrust authority said on Tuesday. Google, owned by Alphabet, also dropped its appeal against a 500 million euro ($528 million) fine and paid it, the authority said. The decision…
(Reuters) – U.S. stock index futures climbed on Tuesday as investors returned from a long weekend to scoop up shares of megacap growth companies and banks that were hammered in a rout last week on worries over a global economic downturn. Each of the three major Wall Street indexes fell for the third week in…
LONDON (Reuters) – British manufacturers’ expectations for how much they would raise their prices fell to a nine-month low in June, in a rare sign of softening price pressures at a time when consumer price inflation is soon expected to reach double digits. The Confederation of British Industry’s monthly industrial price expectations balance – which…
By Clare Jim HONG KONG (Reuters) – A desperate developer in China’s softening property market is coming up with a novel promotion to attract buyers, recently offering to take wheat and garlic as down payments. One advertisement of Henan-based Central China Real Estate that had “swap wheat for house” in the title says buyers can…
By Francesco Guarascio BRUSSELS (Reuters) – European Union leaders are set to keep pressure high on Russia at a summit this week when they will underline that work continues on sanctions, according to a draft document, with gold being considered for a possible next round. The EU has adopted six packages of sanctions against Russia…
BUDAPEST (Reuters) – German carmaker Audi’s Hungarian unit will invest 120 billion forints ($320.2 million) to ramp up electric engine production at its factory in western Hungary, Foreign Minister Peter Szijjarto said on Tuesday. Szijjarto said Audi, which earlier said it could substantially boost output at the plant, would start manufacturing the new engines from…
By Huw Jones LONDON (Reuters) – Britain’s payment systems regulator (PSR) will conduct two market reviews of card fees charged by Visa and Mastercard, the U.S. companies that account for 99% of debit and credit card payments in the UK. The PSR’s announcement on Tuesday follows heavy pressure from lawmakers to launch full market reviews…
