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☆ Migrant Children Sell Candy on the Subway. New York Has No Solutions.
▼ + stars: | 2024-03-13 | by ( Andy Newman | ) www.nytimes.com time to read: 1 min

On a subway platform in the Bronx recently, a girl in a puffer coat strolled past passengers with a basket of M&M’s, Kit Kats and Trident gum slung across her shoulder. One rider captured her on a video posted on X, calling out, “No parent, no parent, where the parent at?” as she walked by. Of all the manifestations of human misery that the two-year-old migrant crisis has brought to New York City, few trouble the conscience more than the sight of children selling candy on the subway — sometimes during school hours, sometimes accompanied by parents, sometimes not. On trains and on social media, New Yorkers have asked: Isn’t this child labor? Shouldn’t someone be doing something to help these children?

Persons: Kit Kats Organizations: Trident Locations: Bronx, New York City

☆ What Ozempic Taught Me About Shame — and Willpower
▼ + stars: | 2024-02-15 | by ( Albert Fox Cahn | ) www.businessinsider.com time to read: +16 min

It will mean fundamentally reevaluating our conception of free will and human agency — and reckoning with our tortured relationship with shame. Many health plans have refused to cover GLP-1s for weight loss , citing limited approval from the Food and Drug Administration. I don't know when I first became overweight, but I remember the moment I was taught to be ashamed of it. They can stop the vicious feedback loop where our food choices and weight drive the shame that drives our food choices and weight. But no matter how heavy that burden was, one thing made it easier to bear: I wasn't weighed down by my shame.

Persons: I'd, They're, —, dieters, I've, Wayne LaPierre, David Vades Joseph, Mounjaro, …, you'd, would've, Kit Kat, they've, untangling, Stephen Spielberg's Organizations: National Rifle Association, NRA, Food and Drug Administration, New York City Marathon, Harvard Law School, GLP, BI Locations: York, Greenwich Village, darting, GLP

☆ How to Hijack a Quarter of a Million Dollars in Rare Japanese Kit Kats
▼ + stars: | 2023-11-08 | by ( Amelia Nierenberg | More About Amelia Nierenberg | ) www.nytimes.com time to read: +1 min

The precious sweets landed safely enough in California, and were trucked about 30 miles across Los Angeles County to a temporary storage facility in South El Monte, run by a company called Japan Crate Acquisition. Mr. Black, who runs a freight brokering company called Freight Rate Central in Sarasota, Fla., is part of an invisible army of professionals who coordinate and marshal the fleets of trucks that crisscross the country carrying everything from chickens to smartphones. He posted the job on a trucking board that is something like a Craigslist for freight. Someone named Tristan with HCH Trucking accepted the job (though he was using a Gmail account), and said he would have the shipment picked up shortly. On Aug. 9, Tristan wrote in an email, “Hey man, The first one is loaded and rolling, the second one we’ll pick it up tomorrow first thing in the morning.”

Persons: Shane Black, . Black, Bokksu, Black, Tristan, HCH Trucking, ” Organizations: South El Monte, Japan Locations: California, Los Angeles County, South El, Pacific, Carlstadt, N.J, Sarasota , Fla

☆ Native American populations are ‘invisible’ to banks. That needs to change
▼ + stars: | 2023-10-30 | by ( Nicole Goodkind | ) edition.cnn.com time to read: +13 min

Before the Bell: What do investors need to know about investing in Native American and Alaskan Native communities? Dawson Her Many Horses: Native American and Alaskan Native communities are more than an ethnic group or racial category. The National League Gaming Commission, which is the regulator for Native American casinos, publishes a yearly report on gross gaming revenues for casinos. When you look at some of the research that gets done, Native American and Alaskan Native households are almost always the most underbanked. People like to focus on what I call the ‘poverty porn’ aspects of Native American and Alaskan Native communities.

Persons: Dawson, “, “ I’ve, ”, Bell, Banks, Wells, That’s, we’ve, Wells Fargo, they’re, Danielle Wiener, Bronner, Kit Kat, ” Hershey, Michele Buck, It’s, Dan Sadler, Covid shutdowns Organizations: CNN Business, Bell, New York CNN, CNN, Wells, Rosebud Sioux, The National League Gaming Commission, Bank of America, Federal, American Finance, Silicon Valley Bank, Hershey, Consumers, Dow, Federal Reserve, Apple Locations: New York, Rosebud, South Dakota, Wells Fargo, United States, Federal Government, Silicon, New York City, Alaska, Oklahoma, confections

Kit Kat chocolate-covered wafer bars manufactured by Nestle are seen in London, Britain, July 25, 2018. REUTERS/Hannah McKay/File Photo Acquire Licensing RightsLONDON, Oct 19 (Reuters) - Nestle (NESN.S) on Thursday said it has started work on products to "companion" weight loss drugs like Novo Nordisk's (NOVOb.CO) game-changing Wegovy, hoping to cash in on their growing popularity. "We're working already on a wide range of products that could serve as companion products," Schneider said during an earnings briefing, noting that some supplements can help with the "loss of lean muscle mass" and "rapid regain of weight". "The largest parts of our portfolio will not be affected" by this new breed of weight loss drugs, he said. Wegovy has been shown to help patients reduce body weight by around 15% when used along with exercise and lifestyle changes.

Persons: Kat, Hannah McKay, Mark Schneider, Nestle, Schneider, Wegovy, Richa Naidu, Christopher Cushing Organizations: Nestle, REUTERS, Walmart, Thomson Locations: London, Britain, Swiss, United States, Norway, Denmark, Germany

☆ Nestle shares at two-year low as investors weigh Wegovy rollout
▼ + stars: | 2023-10-06 | by ( ) www.reuters.com time to read: +2 min

REUTERS/Hannah McKay/Photo Illustration/File Photo Acquire Licensing RightsOct 6 (Reuters) - Nestle (NESN.S) shares were under pressure on Friday as investors weighed the potential impact of Novo Nordisk's (NOVOb.CO) blockbuster weight-losing drug Wegovy and how it could reduce spending on food. The KitKat and Nescafe coffee maker's shares were down 2% and headed for their lowest level in more than two years. However, Cox does not regard this as a substantial risk to Nestle and the broader food industry in the long term. Bruno Monteyne from Bernstein also pointed to the Wegovy impact, but saw little logic in the sell-off. "Danone sells water, baby milk powder, and yogurt: not sure how those would be negatively impacted by GLP1 / Wegovy?"

Persons: Kat, Hannah McKay, Wegovy, Peers, Kepler Cheuvreux, Jon Cox, John Furner, Cox, Bruno Monteyne, Bernstein, Andrey Sychev, John Revill, Mark Potter Organizations: Nestle, REUTERS, Peers Danone, Unilever, Kepler, Bloomberg, Danone, Health, Thomson Locations: London, Britain, U.S

☆ Why are all the cool Kit Kats only available internationally?
▼ + stars: | 2023-09-02 | by ( Danielle Wiener-Bronner | ) edition.cnn.com time to read: +6 min

They create buzz and urgency, which help decades-old brands like Kit Kat stay relevant. A few years later, Rowntree’s renamed the product Kit Kat Chocolate Crisp. Nigel Roddis/ReutersAfter manufacturing and distributing Kit Kat for decades, the British company entered into a deal with Hershey, giving it control over US Kit Kat distribution in 1970. Nostalgic candies, like traditional Kit Kat bars, exert a powerful hold over those who loved them in their childhood, she noted. When people reach for a Kit Kat, they’re reaching for a reliable jolt of sweetness and good feelings, she said.

Persons: Kit, Kit Kat, Kat, Kats, Behrouz Mehri, Nestlé, Lynn Dornblaser, Dornblaser, “, Kit Kat wasn’t, Chocolate Crisp, Rowntree’s, Kat Chocolate Crisp, Rowntree's Kit Kat, Nigel Roddis, Hershey, Kit Kats, Rowntree Mackintosh, Milo Kit Kat, Chris O’Donnell, ”, O’Donnell, it’s, Milo, Kit Kat Japan, Kat Churro, Justin Kukura, Marcia Mogelonsky, they’re Organizations: New, New York CNN, Target, Walmart, Hershey, Getty, Mintel Consulting, Reuters, Nestlé, Lotus, Hershey Company Locations: New York, United States, Japan, AFP, British, Hershey , Pennsylvania, ., Australia, Hershey

LONDON, July 27 (Reuters) - Nestle (NESN.S) improved its full-year organic sales outlook and reported better-than-expected first-half organic sales, as the world's biggest packaged food company again raised prices to cope with higher input costs. Nestle said it is narrowing its full-year organic sales growth guidance - which does not include the impact of currency movements and acquisitions - to a range of 7%-8% from a range of 6-8%. Real internal growth - or sales volumes - fell 0.8% versus expectations of a 0.6% decline. "We're still repairing our gross margin," he added. Reckitt reported sales volumes for the second quarter were down 4.3%, Unilever's quarterly volumes were down 0.3% and Danone's second-quarter volume/mix declined 2.3%.

Persons: Nestle, Mark Schneider, Schneider, Jean, Philippe Bertschy, Reckitt, Richa Naidu, Kim Coghill, Sharon Singleton Organizations: Nestle, Unilever, Thomson Locations: Swiss, Ukraine

Finance Minister Bruno Le Maire said on June 9 he had secured a pledge from 75 food companies to cut prices. French shoppers have paid more than 20% more for Nestle products each month since January versus last year, the data showed, and price increases peaked at 36.6% in May. Nestle, whose brands include Maggi stock cubes and Kit Kat chocolate bars, declined to comment. Similarly, stores sold products made by Activia yogurt owner Danone for between 11.2% and 16.7% more than last year in the first six months of the year. The NielsenIQ data shows the final prices retailers charge shoppers, and does not necessarily only reflect the prices food companies ask for from stores.

Persons: Arnd, Bruno Le Maire, Bernstein, Kat, Le Maire's, Jack Martin, Janus Henderson, Gaurav Gooptu, Richa Naidu, Sybille de La, Matt Scuffham, Sharon Singleton Organizations: Swiss, Nestle, REUTERS, Danone, Finance, Reuters, Reuters Graphics Reuters, Oberon Investments, U.S, Consumers, BNP, Thomson Locations: Bern, Konolfingen, Switzerland, France

☆ Heineken, Unilever and Oreo maker Mondelez accused of breaking promises to leave Russia
▼ + stars: | 2023-07-10 | by ( Matt Egan | ) edition.cnn.com time to read: +9 min

It’s shameful and unethical.”Sonnenfeld, who has testified before Congress about companies leaving Russia, is not accusing these corporations of breaking the law. ‘Implied endorsement of the Putin regime’The “poster child” for this problem is the popular Dutch brewing giant Heineken, Sonnenfeld said. In March 2022, just one month after the invasion of Ukraine, Heineken won praise for promising to leave Russia. “We expect a significant financial loss to the Heineken company. The Yale research said Mondelez shows “no tangible signs of progress towards exiting” and continues to do business in Russia.

Persons: Vladimir Putin, Jeff Sonnenfeld, Philip Morris, ” Sonnenfeld, “, ”, ‘, Putin, Sonnenfeld, Steven Tian, ExxonMobil –, ” Heineken, ” Mondelez, Mondelez, That’s, Lipton, Mark Dixon, Nestle, Kit Kat, Purina, Sbarro, Carl’s Jr, Carl’s, Yale, Tim Calkins, Calkins Organizations: New York CNN Business, Yale, Heineken, Unilever, CNN, ”, Institute . Yale, BP, ExxonMobil, Nabisco, Kyiv School of Economics, Agency, Nestle, WeWork, Mondelez, McDonald’s, Starbucks, Restaurants Holdings, CKE, Northwestern University’s Kellogg School of Management Locations: Russia, Ukraine, Moscow, Russian, ”, American, South Africa

☆ A dumpster-diving millennial cut her grocery bill to about $45 a month on average for the last 4 months
▼ + stars: | 2023-07-09 | by ( Madison Hoff | ) www.businessinsider.com time to read: +7 min

Millennial Julia Pak, who lives in Canada, has been dumpster diving on and off since she was a teen. She spent an average of about 60 Canadian dollars or about $45 on food and drinks in the last four months. That bill was roughly 14 Canadian dollars in June, or about $10. And a mom who has done dumpster diving with her daughter said in an as-told-to essay for Insider that "the hardest part of dumpster diving is seeing the waste." She advises other people who want to try out dumpster diving to go at night like she does.

Persons: Julia Pak, Pak, Pak didn't, I'm, Kit Kat, Pak doesn't, Pak's, Julia Pak Pak, doesn't, she's Organizations: Service, Chain Management, Pak Locations: Canada, Wall, Silicon, Toronto, KOHO

Last week, for instance, Nigeria's central bank allowed the naira currency to drop as much as 36% on the official market. Nestle, which is replacing imported corn starch in Nigeria with cassava starch, told Reuters it has helped seven local suppliers to boost capacity to meet the company's supply needs. ONION POWDER AND TURMERICNestle said it was working to develop local suppliers of vegetables and spices used in Maggi products, for instance onion powder in Nigeria and Senegal, and turmeric powder in Nigeria. Nestle did not comment on whether its position in Nigeria would help insulate it from foreign exchange volatility, neither did it give an indication of the economic impact of the local sourcing. ($1 = 0.8967 Swiss francs)Reporting by Richa Naidu; Editing by Emelia Sithole-MatariseOur Standards: The Thomson Reuters Trust Principles.

Persons: Arnd, Kat, Nestle, Richa Naidu, Emelia Sithole Organizations: Swiss, Nestle, REUTERS, LONDON, Reuters, Unilever, Thomson Locations: Bern, Konolfingen, Switzerland, Nigeria, Cameroon, Senegal, Swiss, Asia, East, Africa

An internal Union Investment document seen by Reuters shows that the firm received just 30 responses to its outreach. Although consumer goods manufacturers are particularly exposed, other sectors that import goods associated with deforestation, including commodities houses and industrials companies, will also face scrutiny. Consumer goods makers are counting on technology such as satellites and artificial intelligence to help eradicate deforestation from their supply chains. Several large consumer goods companies say they are close to meeting their ambitious zero-deforestation goals. "The EU rules make deforestation a financial risk as well as an environmental risk."

Persons: Ueslei Marcelino, Henrik Pontzen, Pontzen, Janus Henderson, Jonathan Toub, haven't, Snorre Gjerde, Christophe Hansen, Magdi Batato, Kit Kat, Nestlé, David Croft, Reckitt's, Arild Skedsmo, Richa Naidu, Kate Abnett, Matt Scuffham, David Evans Organizations: REUTERS, Reuters, EU, Germany's, Investment, Unilever, ESG, Union Investment, Nestle, Pepsico, Danone, L'Oreal, KLP, Aviva, Fidelity International, Reckitt, UN Food and Agriculture Organization, Consumer, Thomson Locations: Uruara, Para State, Brazil, NBIM, Nescafe, London, Brussels

LONDON/BERLIN, May 30 (Reuters) - Nestle (NESN.S), the world's biggest packaged food company, said on Tuesday it had hired the London Stock Exchange Group's (LSEG) finance chief Anna Manz as its new chief financial officer. Manz will replace Francois-Xavier Roger, who the company said is stepping down to "pursue new professional challenges" after eight years in the role. Nestle, whose more than 2,000 brands include Kit Kat, Haagen-Dazs and Nescafe, said Manz will join Nestle as soon as she is released from her current duties. "We trust that Anna will pursue Francois' legacy, considering her strong career at Diageo," Vontobel analyst Jean-Philippe Bertschy said. Rival Unilever Plc (ULVR.L) also said on Tuesday that CFO Graeme Pitkethly would leave the consumer goods giant by the end of May 2024 after more than two decades.

☆ Kit Kat Cereal is hitting US shelves
▼ + stars: | 2023-05-01 | by ( Ramishah Maruf | ) edition.cnn.com time to read: +2 min

General Mills is betting a lot of people do, as it is launching Kit Kat Cereal nationwide beginning this month at $5.69 for a standard-size box. A limited edition Spider-Verse Cereal – red “spiderberry” puffs with blue and white marshmallows – will be selling for a less expensive $2.99 in stores. General Mills is also launching miniature Lucky Charms and Cocoa Puffs, adding to its miniature Trix, both of which are priced at $5.69. They could either be eaten dry or be mixed in with cold water to create instant milk and cereal. Cereal sales surged to over $9 billion in 2020 or up 9% from 2019, as millions worked from home, according to data from NielsenIQ.

☆ Brands are chasing TikTok views by jumping in on celebrity memes like the one of Pedro Pascal eating a sandwich. Legal experts say it's a risky move.
▼ + stars: | 2023-04-03 | by ( Dan Whateley | ) www.businessinsider.com time to read: +4 min

TikTok memes of celebrities like Pedro Pascal and Finn Wolfhard have taken off on the app. Legal experts told Insider including a celebrity's likeness in a video can be risky for brands. The app is awash with clips of actors like Finn Wolfhard snapping his fingers or Pedro Pascal eating a sandwich. Legal experts told Insider brand accounts should think twice before adding a famous actor's likeness to a video without their explicit permission. Using celebrity memes in videos isn't the only hazard for brands looking to join TikTok trends.

☆ Count on a springtime re-election announcement for Biden if he follows Trump, Obama, Bush and Clinton's examples
▼ + stars: | 2023-02-04 | by ( Nicole Gaudiano | ) www.businessinsider.com time to read: +5 min

President Joe Biden reelection bid looks increasingly likely, and more a question of when. Clinton, Bush, Obama and Trump launched re-election bids between April and June during the year before the election. Here's a look at Biden's predecessors' announcements:Donald TrumpTrump never left campaign mode after his golden escalator ride in 2015. Photo by Brooks Kraft LLC/Corbis via Getty Images)Bush filed paperwork to run for reelection on May 16, 2003. "The American people will decide whether or not I deserve a second term," the president told reporters, according to the Associated Press.

☆ Nestle nudges 2022 sales outlook higher again
▼ + stars: | 2022-11-29 | by ( ) www.reuters.com time to read: +2 min

[1/2] Kit Kat chocolate covered wafer bars manufactured by Nestle are seen in London, Britain, July 25, 2018. REUTERS/Hannah McKay/Photo Illustration/File PhotoSummarySummary Companies Now sees organic sales up 8.0-8.5% vs around 8% beforeMakes progress on share buyback programmeLaunches review of peanut allergy treatmentZURICH, Nov 29 (Reuters) - Nestle (NESN.S) has nudged its 2022 sales outlook higher again, the world's largest packaged food company said ahead of an investor seminar on Tuesday. The company said it now expected organic sales growth of 8-8.5%, up from an October forecast of around 8%, and an underlying trading operating profit margin of around 17.0%. Nestle confirmed it was aiming to repurchase 20 billion Swiss francs ($21.09 billion) worth of shares from 2022 to 2024 and said it had already bought around 9.7 billion francs worth. Nestle shares were indicated 0.8% higher in pre-market activity.

☆ Candy maker Hershey raises sales outlook ahead of holiday season
▼ + stars: | 2022-11-04 | by ( ) www.reuters.com time to read: +2 min

Nov 4 (Reuters) - Hershey Co raised its full-year net sales and profit forecasts on Friday, signaling strong Halloween candy demand that it expects to continue into the holiday season despite higher selling prices. Hershey said its overall average selling prices increased by 7.7% in the third quarter while volumes rose 4.1%. The Reese's Peanut Butter Cup maker's revenue rose 15.6% to $2.73 billion in the quarter ended Oct. 2. The company said it now expects full-year 2022 net sales to grow between 14% and 15%, compared to the previous forecast of 12% to 14% growth. It forecast a 14% to 15% rise in its 2022 adjusted profit per share, above the prior forecast of a 12% to 14% increase.

☆ Oregon police investigate 3 reports of razor blades hidden in Halloween candy
▼ + stars: | 2022-11-03 | by ( Antonio Planas | Antonio Planas Is A Breaking News Reporter For Nbc News Digital. | ) www.nbcnews.com time to read: +2 min

Police in Oregon say they are investigating three credible reports of razor blades that were found inside Halloween candy. The first report of the blades inside a candy bar occurred on Halloween night, Eugene police Capt. “Thinking that was odd, they investigated a little more and opened the candy wrapper and found a razor blade, a small razor blade that was embedded inside the candy bar.”The razor blade, Harrison said, was about an inch and was similar to a blade in a manual pencil sharpener. On Tuesday, police received two other reports of razor blades inside candy, which apparently were also inserted inside the wrapper through a small slit, Harrison said. “We are lucky that nobody was hurt by these razor blades,” he said.

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