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☆ Dairy Queen is one of Warren Buffett's most-famous businesses. CEO Troy Bader laid out the benefits of Berkshire Hathaway's ownership, and explained how he's navigating the pandemic, inflation, and ne
▼ + stars: | 2022-12-23 | by ( Theron Mohamed | ) www.businessinsider.com time to read: +5 min

Warren Buffett's Berkshire Hathaway acquired Dairy Queen for nearly $600 million in 1998. Dairy Queen CEO Troy Bader told Insider that Berkshire's ownership lets him invest for the long run. Bader explained how Dairy Queen has dealt with the pandemic, inflation, and new customer demands. "What he feels is really what we see with so many of our customers, who have this different connection with Dairy Queen." Higher prices, less moneyInflation is dealing a one-two punch to Dairy Queen by raising its costs and squeezing its customers, Bader said.

☆ Mondelez to sell gum business in developed markets for $1.35 bln
▼ + stars: | 2022-12-19 | by ( ) www.reuters.com time to read: +1 min

Dec 19 (Reuters) - Oreo maker Mondelez International Inc (MDLZ.O) said on Monday it had agreed to sell its gum business, including brands such as Trident and Dentyne, in the United States, Canada and Europe to Perfetti Van Melle Group for $1.35 billion. Perfetti Van Melle, the European gum and confectionery maker behind brands such as Mentos, Alpenliebe and Chupa Chups, will also acquire Mondelez's manufacturing facilities in Rockford, Illinois and Skarbimierz, Poland. Mondelez put its developed markets gum unit, which also includes brands such as Bubbaloo and Bubblicious, under a strategic review after demand took a severe hit during the COVID-19 lockdowns. The company said it will continue to operate its gum business outside the United States, Canada and Europe. The parties have entered into exclusive arrangements for the sale of the business in the country, it said.

☆ Fed Rate Increases Upended Funding Markets in 2022. Here’s What CFOs Can Expect in 2023.
▼ + stars: | 2022-12-14 | by ( Nina Trentmann | ) www.wsj.com time to read: +9 min

Here’s a look at how different financing instruments fared in 2022 and what’s ahead for 2023. Activity in the convertible debt market has picked up in recent weeks. Still, there could be financing opportunities for deals in 2023 in the form of syndicated loans, bankers said. “CFOs have to be aware of that and focus on cash conversion and margins,” he said, pointing to the increase in financing costs. “We expect deals will continue to get done,” he said, adding that those could however come with more oversight from lenders.

☆ Finding low volatility stocks that generate income for what's likely to be another tumultuous year
▼ + stars: | 2022-12-14 | by ( Michelle Fox | ) www.cnbc.com time to read: +3 min

With 2023 expected to be another rocky year for the stock market, investors may find shelter in low volatility names that produce income. JPMorgan is expecting the S & P 500 to retest this year's lows and Morgan Stanley strategist Mike Wilson believes earnings will shrink 15% to 20% next year. They also have a dividend yield greater than 2% and at least 60% of the analysts covering them rate the stocks a buy, according to FactSet. The companies are all the S & P 1500 and have at least 5 analysts covering them. Some 74% of analysts covering the stock give it a buy rating.

☆ December is the month for eating all the cookies
▼ + stars: | 2022-12-10 | by ( Casey Barber | ) edition.cnn.com time to read: +6 min

Editor’s Note: Food writer Casey Barber says December is the month for baking cookies. Freezing cookies can also help save time in the long run by allowing you to start your holiday baking early. Lin makes cookies weeks in advance of his parties and thaws them at room temperature up to two days before an event. If you are short on timeBar cookies are Lin’s secret weapon when it comes to holiday baking. Many cookies, such as Lin’s red velvet crackle cookies, require that the dough be chilled before portioning and rolling, so it’s key to take that into consideration.

☆ With Debt Coming Due, Investment-Grade Companies Are Paying Up, Too
▼ + stars: | 2022-12-01 | by ( Nina Trentmann | ) www.wsj.com time to read: +7 min

What’s more, volatile markets have resulted in fewer opportunities for companies to sell their debt. Investment-grade U.S. companies have between $550 billion and $750 billion coming due per year from 2023 through 2027, according to Goldman Sachs Group Inc., with about $59 billion left to pay off or refinance in 2022. Of the $615.54 billion, $504.31 billion were new issuances, compared to $111.23 billion in refinancings, Dealogic said. But investor demand for bonds has been stronger in recent days, leading Amazon.com Inc. and others with near-term debt coming due to the market. Among the businesses that recently took out bond debt at a higher cost is retail giant Walmart Inc.

☆ Consumers are looking to chocolate, Oreos, and Twinkies to 'not feel terrible all the time' — Hershey, Hostess, and Mondelez are cashing in
▼ + stars: | 2022-11-15 | by ( Alex Bitter | ) www.businessinsider.com time to read: +6 min

Consumers are buying more chocolate and cookies as recession fears hang over the economy. But they are still buying smaller pleasures, including sweet treats like cookies and chocolate. Now, many of the same companies are seeing sales of chocolate, cookies, and other sweet snacks rise. "Our products remain an affordable treat for families and consumers," Michele Buck, the CEO of Hershey, told analysts on a call. While consumers cut back spending in many areas, such as travel, sales of lipstick actually grew.

Less than 24 hours after implementing new gray "official" checkmark tags to some prominent Twitter accounts, platform owner Elon Musk has decided to remove them. But by noon on Wednesday, Musk tweeted to a user that he had decided to “kill” those checkmarks. The "official" checkmarks quickly disappeared. Crawford then clarified that the "official" checkmarks would still be used in the future but that they would be initially focused on adding them to "government and commercial entities." “Please note that Twitter will do lots of dumb things in coming months,” Musk tweeted Wednesday.

☆ Oreo maker Mondelez pulls ads off Twitter, citing hate speech -CEO
▼ + stars: | 2022-11-08 | by ( Jessica Dinapoli | Thomson Reuters | New York-Based Reporter Covering U.S. Consumer Products Spanning Paper Towels To Packaged Food | ) www.reuters.com time to read: +1 min

"What we’ve seen recently since the change on Twitter has been announced, is the amount of hate speech increase significantly," Van de Put said. Twitter last week laid off half its workforce as advertisers pulled spending amid concerns about content moderation. Twitter, which has lost many members of its communications team, did not immediately respond to a request for comment. Van de Put added that Mondelez, which makes Cadbury and Milka chocolates, is expecting a strong holiday season. Reporting by Jessica DiNapoli in New York Editing by Matthew LewisOur Standards: The Thomson Reuters Trust Principles.

☆ Gilead, Kite in process of pausing Twitter advertising
▼ + stars: | 2022-11-07 | by ( ) www.reuters.com time to read: +1 min

Nov 7 (Reuters) - Gilead Sciences Inc (GILD.O) said on Monday the company and its unit Kite were in the "process of pausing advertising" on Twitter, after Elon Musk completed his takeover of the social media company. In a statement to Reuters, Gilead said it was monitoring its advertising spend and waiting to better understand how community standards and content moderation will be handled on Twitter now. Gilead joins a growing list of U.S. companies, including General Motors (GM.N) and General Mills (GIS.N), who have either paused or are in the process of re-evaluating advertising on the social media platform. Last week, the Wall Street Journal reported Oreo maker Mondelez International Inc (MDLZ.O) and U.S. drugmaker Pfizer Inc (PFE.N) had also temporarily halted advertising with Twitter. Reporting by Bhanvi Satija and Raghav Mahobe in Bengaluru; Editing by Krishna Chandra EluriOur Standards: The Thomson Reuters Trust Principles.

☆ Why Costco, Trader Joe's stopped selling your favorites
▼ + stars: | 2022-11-05 | by ( Nathaniel Meyersohn | ) edition.cnn.com time to read: +5 min

Fans run social media accounts dedicated to tracking discontinued products at Trader Joe’s, and others blog about long-lost items at Costco. “We understand that it can be disappointing — devastating, even,” Trader Joe’s says on its “discontinued product feedback” contact page for customers. There are several reasons Trader Joe’s, Costco (COST) and other stores suddenly stop selling customer favorites. Also, for stores like Costco and Trader Joe’s, discontinuing items can reinforce the treasure hunt-like appeal of these stores. One major factor: It’s difficult to get shelf space inside Trader Joe’s and Costco and stay there.

☆ Factbox: Twitter 2.0: Musk warns of bankruptcy, flip-flops on blue check mark in chaotic start
▼ + stars: | 2022-11-04 | by ( ) www.reuters.com time to read: +5 min

REUTERS/Dado Ruvic/Illustration/File PhotoNov 18 (Reuters) - Twitter has had a bumpy ride since new owner Elon Musk took charge last month. Twitter has also cut staff by half, while Musk has raised the possibility of the social media platform going bankrupt. read more read more* ROLLS OUT $8 SERVICETwitter on Nov. 5 launches an $8 subscription service that gives the user a verified blue check mark and other features. read more* WARNS OF BANKRUPTCYOn his first mass call with employees, Musk raised the possibility of the social media platform going bankrupt, Bloomberg News reported. read more* RELAUNCH $8 SERVICE ON NOV. 29On Nov. 15, Musk said the sought-after blue check subscription service will be relaunched on Nov. 29, a minor delay from his initial tentative timeline.

☆ Companies are suspending ads on Twitter after Elon Musk's takeover. Here's the full list of brands pressing pause on advertising.
▼ + stars: | 2022-11-04 | by ( Beatrice Nolan | ) www.businessinsider.com time to read: +4 min

"As always, we will continue to monitor this new direction and evaluate our marketing spend," a spokesperson for General Mills told The Wall Street Journal. As is normal course of business with a significant change in a media platform, we have temporarily paused our paid advertising. VolkswagenVolkswagen has reportedly taken similar steps and pulled its ads from the social media platform, per The Wall Street Journal's anonymous sources. Jakub Porzycki/NurPhoto via Getty ImagesAccording to the report, Oreo maker Mondelez International has also suspended advertising on Twitter for the time being. Interpublic GroupMajor advertising agency Interpublic Group has also advised clients to pause spending on Twitter advertising during the company's "chaotic" interim.

☆ General Mills, Audi and Pfizer Join Growing List of Companies Pausing Twitter Ads
▼ + stars: | 2022-11-03 | by ( Suzanne Vranica | Patience Haggin | ) www.wsj.com time to read: 1 min

Food company General Mills Inc., Oreo maker Mondelez International Inc., Pfizer Inc. and Volkswagen AG’s Audi are among a growing list of brands that have temporarily paused their Twitter advertising in the wake of the takeover of the company by Elon Musk, according to people familiar with the matter. Some advertisers are concerned that Mr. Musk could scale back content moderation, which they worry would lead to an increase in objectionable content on the platform. Others are temporarily halting their ads because of the uncertainty at the company as top executives exit and Mr. Musk considers a raft of changes, some of the people said.

☆ Cheerios maker General Mills, Audi of America pause advertising on Twitter
▼ + stars: | 2022-11-03 | by ( ) www.reuters.com time to read: +2 min

[1/2] Packages of Cheerios, a brand owned by General Mills, are seen in a store in Manhattan, New York, U.S., November 12, 2021. REUTERS/Andrew KellyNov 3 (Reuters) - General Mills Inc (GIS.N) and Luxury automaker Audi of America said on Thursday they have paused advertising on Twitter, days after the social media platform was acquired by billionaire Elon Musk for $44 billion. "We will continue to monitor this new direction and evaluate our marketing spend," a General Mills spokesperson said. Audi of America, the Herndon, Virginia-based U.S. unit of Audi - a Volkswagen Group (VOWG_p.DE) brand - said it would "continue to evaluate the situation." The two companies join top U.S. automaker General Motors Co (GM.N), which last week said it had temporarily halted paid advertising on Twitter.

☆ Mondelez International Raises Outlook Despite Lower Profits
▼ + stars: | 2022-11-02 | by ( Kathryn Hardison | ) www.wsj.com time to read: 1 min

Mondelez International Inc. raised its full-year outlook as consumers continue to absorb higher prices for its snacks, though extra costs took a chunk out of its bottom-line in the third quarter. The Chicago-based maker of Oreo cookies and Triscuit crackers said sales rose 8.1% to $7.76 billion in the latest quarter, driven by higher pricing and volume. It also started to log sales following its acquisitions of energy bar marker Clif Bar & Co. and baked goods company Chipita Global S.A., deals valued at $2.9 billion and $2 billion respectively.

☆ Oreo maker Mondelez lifts 2022 forecasts as snack demand holds up
▼ + stars: | 2022-11-01 | by ( ) www.reuters.com time to read: +1 min

Nov 1 (Reuters) - Mondelez International Inc (MDLZ.O) raised its full-year sales and profit forecasts on Tuesday, betting that consumers would continue to purchase its chocolates and biscuits despite higher prices. Shares of the Chicago-based snack maker rose about 2% in aftermarket trading. The Oreo maker said it now expects 2022 organic net revenue to increase more than 10%, compared with its prior estimate for a more than 8% jump. It forecast 2022 adjusted profit to grow over 10%, on a constant-currency basis, compared with its previous expectation for mid-to-high single-digit growth. Reporting by Deborah Sophia in Bengaluru; Editing by Devika SyamnathOur Standards: The Thomson Reuters Trust Principles.

☆ Oreo maker Mondelez lifts sales forecast as snack demand holds up
▼ + stars: | 2022-11-01 | by ( ) www.reuters.com time to read: 1 min

Nov 1 (Reuters) - Mondelez International Inc (MDLZ.O) raised its full-year sales forecast on Tuesday, betting that consumers would continue to purchase its chocolates and biscuits despite higher prices. The company said it now expects 2022 organic net revenue to increase more than 10%, compared with its prior estimate for a more than 8% jump. Reporting by Deborah Sophia in Bengaluru; Editing by Devika SyamnathOur Standards: The Thomson Reuters Trust Principles.

☆ Logistics Operators Find Robots Are Helping Recruit Tech-Savvy Workers
▼ + stars: | 2022-10-27 | by ( Liz Young | ) www.wsj.com time to read: +4 min

The impact of robots on logistics operations is growing more complicated as companies weigh how automation affects recruiting both management leaders and staffers for the warehouse floor. Manufacturers and retailers such as snack-food giant Mondelez International Inc. and department store chain Nordstrom Inc. say the investments are also changing their supply-chain workforces. Newsletter Sign-up The Logistics Report Top news and in-depth analysis on the world of logistics, from supply chain to transport and technology. The buy jump-started the company’s rollout of greater automation in its growing logistics network and expanded the pipeline of engineers and other technology workers into the business. Lee Beard, senior vice president of transportation at Seattle-based Nordstrom, said the retailer has been highlighting its technology investments to job recruits.

☆ Band-Aids and Tylenol will have a new name on their packages: Kenvue
▼ + stars: | 2022-09-29 | by ( Nathaniel Meyersohn | ) edition.cnn.com time to read: +3 min

New York CNN Business —We have all heard of Band-Aid, Tylenol, Benadryl and Johnson’s baby powder. We have never heard of the new made-up word Kenvue. But Kenvue will be the new corporate parent of these familiar consumer health brands next year. The name Kenvue reflects J&J’s desire for the new consumer company identity to take a backseat to well-known brands such as Band-Aid. Then there have been brands that changed their names to signal strategy shifts, such as Dunkin’ dropping “Donuts” in 2018.

☆ How to Win a Stuffed Hamster for Less Than $100
▼ + stars: | 2022-09-23 | by ( Jason Gay | ) www.wsj.com time to read: 1 min

My children and I went to the state fair the other weekend, and my ambition was simple: Get out of there as quickly as possible, without anyone having a dramatic case of teacup-and-fried-Oreo motion sickness and without me spending $90 playing games to win a stuffed hamster worth 11 cents. I succeeded on one of those counts.

☆ China's top livestreamer resurfaces 3 months after his show was cut short as he was showing off a military tank-shaped cake on the eve of the Tiananmen massacre
▼ + stars: | 2022-09-21 | by ( Huileng Tan | ) www.businessinsider.com time to read: +3 min

China's top influencer Li Jiaqi's livestream was cut short after he showed off a tank-shaped cake. The incident took place on June 3, a day before the anniversary of the 1989 Tiananmen massacre. He was referring to Alibaba's ecommerce platform and the Chinese version of TikTok, respectively. The ecommerce giant has already lost another top livestreamer, Viya, whose accounts went offline after a tax evasion scandal last year. Viya, who was known for hosting a popular shopping stream on the e-commerce platform Taobao, is still missing in action.

☆ Overlooked No More: Lee Godie, Eccentric Chicago Street Artist
▼ + stars: | 2022-01-21 | by ( Jeremy Lybarger | ) www.nytimes.com time to read: 1 min

This article is part of Overlooked, a series of obituaries about remarkable people whose deaths, beginning in 1851, went unreported in The Times. Anyone who passed through downtown Chicago in the 1970s or ’80s might have encountered a weathered blond woman wearing a rabbit fur coat and men’s orthopedic slip-ons as she hawked her art on Michigan Avenue. If you looked like a prospective buyer, she would slowly, seductively, unfurl her latest canvas as you approached. Frenchy,” a racy hit from World War I, was her favorite. The eccentric “bag lady,” as she was often called, was Lee Godie, one of the city’s most iconoclastic artists.

Persons: unfurl, Lee Godie Locations: Times, Chicago, Michigan

☆ Seth Moulton bankrolls ring maker, Mark Green goes crypto, Mark Warner sells a 7-figure window-and-door investment
▼ + stars: | 2021-04-19 | by ( Dave Levinthal | Kimberly Leonard | ) www.businessinsider.com time to read: +10 min

Democratic Rep. Seth Moulton has made a major investment in a Finnish wearable tech firm. Sen. Mark Warner, a Democrat, sold a major investment in a high-end window company. Elon Musk would be proudRep. Mark Green, a Republican from Tennessee, purchased between $1,001 and $15,000 worth of cryptocurrency Dogecoin — the same day virtual currency platform Coinbase went public. According to Barron's, he paid $1.95 million to acquire 15,000 shares for $130 each, and paid $1.4 million for 10,000 shares for $140 each. He also bought between $1,000 and $15,000 worth of stock in Amazon.

☆ Șeful unei stații PECO din Hîncești, amenințat cu moartea de către un taximterist
▼ + stars: | 2021-03-26 | by ( Publika.Md - Aici Sunt Știrile | ) www.publika.md time to read: 1 min

Șeful unei stații PECO din Hîncești a fost amenințat cu moartea de către un taximterist. Potrivit poliției, agresorul de 42 de ani era la volanul unui automobil și aflându-se pe teritoriul stației PECO, din motive necunoscute, în prezența mai multor persoane, având în mână o bâtă, l-a amenințat cu bătaia și moartea pe șeful stației. Potrivit ofițerului superior de presă al IP Hâncești, Cristina Vicol, pe acest caz a fost inițiat un dosar penal. Agresorul a fost reținut și urmează să fie cercetat pentru huliganism. El riscă de la 3 până la 7 ani de închisoare.

Persons: Cristina Vicol Locations: Hîncești

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