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☆ Feeling Down About Politics? The Hospitality of This Iowan Will Give You a Lift.
▼ + stars: | 2024-01-14 | by ( John Mccormick | Jennifer Levitz | ) www.wsj.com time to read: +1 min

DES MOINES, Iowa—Sharon McNutt is planning on as many as 50 guests piling into her home on Monday evening and doesn’t care if they snack in her kitchen or settle into one of her favorite recliners. And she certainly doesn’t care if they bicker about politics. 245) in southwest Iowa appears to be the last practitioner of a disappearing tradition: hosting precinct meetings in a private home for the Iowa presidential caucuses, which this year will kick off the 2024 Republican nominating process. But a review of the locations where the 1,657 GOP precinct meetings are to be held revealed McNutt’s residence as a one-of-a-kind venue, something a state GOP spokesman confirmed. The rest of the Republican caucuses will be held in schools, libraries, churches and other public places.

Persons: Sharon McNutt, Rice Organizations: DES, Silver City, GOP, Republican Locations: DES MOINES, Iowa

☆ The Last Living-Room Caucus: a 77-Year-Old Mayor Keeps Iowa’s Homey Tradition Alive
▼ + stars: | 2024-01-13 | by ( John Mccormick | Jennifer Levitz | ) www.wsj.com time to read: +1 min

Persons: Sharon McNutt, Rice Organizations: DES, Silver City, GOP, Republican Locations: DES MOINES, Iowa

☆ Newly spun-off WK Kellogg beats revenue estimates on strong cereal demand
▼ + stars: | 2023-11-08 | by ( ) www.reuters.com time to read: +1 min

REUTERS/Mike Segar/ File photo Acquire Licensing RightsNov 8 (Reuters) - WK Kellogg Co (KLG.N), the recently spun-off North American cereal business of Kellanova (K.N), beat Wall Street targets for third-quarter sales on Wednesday, as demand for its products withstood higher prices. Home to cereal brands including Kellogg's, Froot Loops and Rice Krispies, WK Kellogg reported sales of $692 million for the quarter ended Sept. 30, compared with analysts' expectations of $666.3 million, according to LSEG data. The company also forecast full-year 2023 adjusted sales in the range of $2.72 billion to $2.74 billion, slightly ahead of its prior guidance. Kellanova, formerly called Kellogg, also posted better-than-expected quarterly net sales of $3.94 billion. Reporting by Juby Babu in Bengaluru; Editing by Devika SyamnathOur Standards: The Thomson Reuters Trust Principles.

Persons: Mike Segar, WK Kellogg, Rice, Kellogg, Juby Babu, Devika Organizations: Kellogg Company, REUTERS, Wall, Thomson Locations: New York, U.S, Bengaluru

☆ Walmart says customers on Ozempic are actually spending more money overall
▼ + stars: | 2023-10-11 | by ( Gloria Dawson | ) www.businessinsider.com time to read: +3 min

Walmart told the analysts the small group of known customers who take the drugs spend more overall. AdvertisementAdvertisementWalmart is trying to clarify the impact weight-loss drugs like Ozempic and Wegovy are actually having on its bottom line. AdvertisementAdvertisementBut speaking to Morgan Stanley analysts, Walmart has clarified "two potential misconceptions," the analysts wrote. But, within this group, Walmart observed these customers were spending slightly less on food year over year. In aggregate, GLP-1 spending changes are not moving the needle for Walmart's total business, the authors write.

Persons: Morgan Stanley, —, John Furner, Furner, hasn't, Rice Krispies Organizations: Walmart, Service, Bloomberg

☆ Ozempic isn't the existential threat food companies think it is — yet
▼ + stars: | 2023-10-06 | by ( Jennifer Ortakales Dawkins | ) www.businessinsider.com time to read: +6 min

Food companies fear soaring Ozempic sales could hurt their bottom lines. AdvertisementAdvertisementExecutives at America's biggest food companies can't stop talking about Ozempic . And early data suggests that Ozempic sales will have some impact on the food industry. AdvertisementAdvertisementFor example, if consumers begin to prefer smaller portions, food companies have time to adjust their package sizes, and restaurants have time to modify their menus. "This is not an existential threat to the food industry," he said.

Persons: —, Doug McMillon, Arun Sundaram, Morgan Stanley, Walmart's John Furner, Steve Cahillane, Rice Krispies, Jefferies, Sundaram, David M, Gordon, Ozempic Organizations: Service, America's, Nordisk, North, Walmart, Bloomberg, Wall, Cheesecake

Kellogg's cold cereal products are pictured in a market after Kellogg Company announced it would split. REUTERS/Mike Segar/File Photo Acquire Licensing RightsNEW YORK, Oct 2 (Reuters) - Shares of Kellanova (K.N) fell more than 7% on Monday after the packaged food giant, previously known as Kellogg Company, completed the spinoff of its North American cereal business into a new standalone entity called WK Kellogg Company (KLG.N). Under the separation agreement, Kellanova shareholders received one share of WK Kellogg common stock for every four shares of Kellanova stock held as of September 21, a statement said. Kellanova shares fell to as low as $51.83, down 7.2%, after opening at $55.70, while WK Kellogg Company dropped by more than 11% and was last at $13.79. Kellanova will retain its place on the benchmark S&P 500 (.SPX) index, while WK Kellogg shares will join the S&P SmallCap 600 index (.SPCY) on Tuesday, before market open.

Persons: Mike Segar, WK Kellogg, Kellanova, Michael Ashley Schulman, Rice, Piper Sandler, Research's Arun Sundaram, Chibuike Oguh, Lance Tupper, Christina Fincher Organizations: Kellogg Company, REUTERS, WK Kellogg Company, WK Kellogg, New York Stock Exchange, Running, Capital Advisors, MorningStar, Jefferies, Thomson Locations: New York, U.S, Kellanova, California, American, Bengaluru

☆ Insider Today: Gen Z is out on college
▼ + stars: | 2023-09-05 | by ( Dan Defrancesco | ) www.businessinsider.com time to read: +9 min

This post originally appeared in the Insider Today newsletter. In today's big story, we're looking at why college isn't part of the plan for some Gen Zers. Between skyrocketing tuition costs and underwhelming salaries, some Gen Zers are skipping college altogether, writes Charlotte Lytton. A recent survey found that 40% of business leaders think recent Gen Z college grads are unprepared when they enter the workforce. The Insider Today team: Dan DeFrancesco, senior editor and anchor, in New York City.

Persons: Dan DeFrancesco, weren't, Zers, Chelsea Jia Feng, Zers aren't, Charlotte Lytton, It's, Alix Earle, NFTs, TikTok hasn't, Earle, Alix Earle's TikToks, @alixearle, Spencer Platt, Goldman Sachs, we've, David Rosenberg, Rosenberg, Kevin Dietsch, Marc Benioff, they're begrudgingly, Arantza Pena Popo, Corizon, Sen, Elizabeth Warren, James Webb, Stephen King, Holly Gibner, Rice, Naga Siu, Hallam Bullock, Lisa Ryan Organizations: Service, Electric, Wall, Tech, University of Miami, Getty, JPMorgan, Amazon, James, James Webb Telescope, Hubble, NASA, ESA, CSA, Costco, Kirkland Locations: Wall, Silicon, NFTs, Blackstone, Bridgewater, Seoul, New York City, San Diego, London, New York

☆ Where Whales, Puffins and Icebergs Jostle for Your Attention
▼ + stars: | 2023-06-05 | by ( Sam Howe Verhovek | ) www.nytimes.com time to read: +1 min

“I never trust the mind of an iceberg,” Cecil Stockley told me. Dave Boyd said his safety rules depend on which type of iceberg he’s dealing with. “A tabular is generally pretty mellow,” Mr. Boyd explained as we floated off the coast of Newfoundland, referring to icebergs with steep sides and large, flat tops. Another clue, he said, is when a flock of seabirds perched atop the ice abruptly peels away en masse. They can feel the tremors that Mr. Rogers is straining to hear.

Persons: “, ” Cecil Stockley, Dave Boyd, Mr, Boyd, ” Barry Rogers doesn’t, Rice, Rogers Locations: Newfoundland

☆ A laid-off Google employee says she went to Disneyland to 'eat her feelings' after being locked out of her company systems
▼ + stars: | 2023-01-25 | by ( Aditi Bharade | ) www.businessinsider.com time to read: +3 min

TikToker Nicole Tsai says she went to Disneyland to 'eat her feelings' after being laid off from Google. Sign up for our newsletter for the latest tech news and scoops — delivered daily to your inbox. The ex-employee, TikToker Nicole Tsai, said she was one of the 12,000 people laid off from the tech giant last Friday. According to her LinkedIn page, Tsai worked as a partner services program manager at Google in Irvine, California, since July 2021. She then decided to go to Disneyland, where she indulged in treats like churros, a teriyaki turkey leg, Rice Krispies, and a corn dog, snippets of the video posted to TikTok show.

☆ Sweetgreen is launching its first national dessert — a 'healthy' take on the Rice Krispies Treat
▼ + stars: | 2022-11-07 | by ( Amelia Lucas | ) www.cnbc.com time to read: +3 min

Sweetgreen is launching its take on Rice Krispies Treats, its first dessert since 2014. The Crispy Rice Treat is available nationwide starting Monday for $2.95. To create the new dessert, Sweetgreen teamed up with pastry chef Malcolm Livingston II as the company's first chef in residence. Jammet said he met Livingston a few years ago in Copenhagen and he stayed in touch with the pastry chef. It was a "no-brainer" to start with a version of the Rice Krispies Treat given the nostalgia it evokes, Livingston said.

☆ Kellogg Raises Outlook as Third-Quarter Sales Rose 9%
▼ + stars: | 2022-11-03 | by ( Dean Seal | ) www.wsj.com time to read: 1 min

Kellogg, the maker of Corn Flakes cereal, and other food producers have been raising prices to offset more expensive food commodities and supply-chain challenges. Kellogg Co. boosted its outlook after reporting 9% growth to its top line in the third quarter, the latest food company showing sales holding up as they raise prices. The maker of Rice Krispies cereal and Cheez-It crackers said higher prices and a positive shift in the mix of products it sold helped its North America cereal business rebound from flagging sales earlier this year and continuing bottlenecks in the supply chain.

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