DIRS.INFO The most relevant business & tech news

☆ Sam Bankman-Fried case: The FTX criminal fraud trial begins today. Here's everything you need to know.
▼ + stars: | 2023-10-03 | by ( Jacob Shamsian | Katie Balevic | ) www.businessinsider.com time to read: +13 min

Sam Bankman-Fried's criminal fraud trial begins in federal court today. According to prosecutors, Bankman-Fried commingled funds between FTX, where he was CEO, and Alameda Research, a hedge fund he also controlled. In the months since, prosecutors have brought several superseding indictments, slapping on more criminal charges. AP Photo/Mary AltafferIn addition to the criminal case against Bankman-Fried, the fallout of FTX's collapse has created a fountain of complicated lawsuits and legal maneuvers. The Securities and Exchange Commission has a civil case against Bankman-Fried alleging he "orchestrated a massive, years-long fraud."

Persons: Sam Bankman, SBF, —, FTX, Fried, Tom Brady, Gisele Bündchen, Stephen Curry, Naomi Osaka, Larry David, Kevin O'Leary, Caroline Ellison, He's, Michael Lewis, guarantors, Lewis Kaplan, Jane Rosenberg, Kaplan, Bankman, Ellison, messaged, Eduardo Munoz, Mark S, Cohen, Christian Everdell, Ghislaine Maxwell, Maxwell, They're, Danielle Sassoon, Nicholas Roos, who's, Joe Lewis, Jean Carroll, Donald Trump, Trump, Bill Clinton, Gambino, Prince Andrew, Mary Altaffer, SBF's, Joseph Bankman, Barbara Fried, Gary Wang —, Nishad Singh, Ryan Salame, Cohen wearily, there's Organizations: Prosecutors, Service, Alameda Research, Miami Heat's, The New York Times, Metropolitan Detention, US, Office, Southern, Bankman, Manhattan Federal Court, REUTERS, Washington , D.C, Supreme, AP, Securities, Exchange Commission, Stanford University Locations: FTX, Manhattan, America, Palo Alto , California, New York, Bahamas, Washington ,, Joaquín, Bankman, Guantanamo, Alameda

☆ Why it’s nutty not to eat nuts for good health
▼ + stars: | 2023-10-02 | by ( Carolyn O Neil | ) edition.cnn.com time to read: +8 min

Sign up for CNN’s Eat, But Better: Mediterranean Style newsletter, an eight-part series that guides you in an expert-backed eating lifestyle that’s good for your health. Nuts contain dietary fiber, plant-based protein, vitamin E and potassium, calcium and magnesium. And to reap the most benefits, it’s key to make eating nuts a habit over the long haul. “Many healthy eating patterns, such as the renowned Mediterranean diet, include nuts on a regular basis in the diet,’’ Palmer said. Think outside the bowlIt’s easy to snack on nuts as part of a healthy lifestyle, but I also use nuts in many recipes.

Persons: they’re, ”, Sharon Palmer, Julio Ricco, iStockphoto, Pecans, They’re, ” Palmer, ’ Palmer, dill, Candice Bell, Liz Weiss, ” Carolyn O’Neil Organizations: CNN, US Food and Drug Administration, FDA, Beat Diabetes, ”

☆ Sam Bankman-Fried case: The FTX criminal fraud trial begins this week. Here's everything you need to know.
▼ + stars: | 2023-10-02 | by ( Jacob Shamsian | Katie Balevic | ) www.businessinsider.com time to read: +13 min

Sam Bankman-Fried's criminal fraud trial begins in federal court on Tuesday. According to prosecutors, Bankman-Fried commingled funds between FTX, where he was CEO, and Alameda Research, a hedge fund he also controlled. In the months since, prosecutors have brought several superseding indictments, slapping on more criminal charges. AP Photo/Mary AltafferIn addition to the criminal case against Bankman-Fried, the fallout of FTX's collapse has created a fountain of complicated lawsuits and legal maneuvers. The Securities and Exchange Commission has a civil case against Bankman-Fried alleging he "orchestrated a massive, years-long fraud."

☆ Photos: Jimmy Carter's life in pictures
▼ + stars: | 2023-10-01 | by ( ) edition.cnn.com time to read: 1 min

Former US President Jimmy Carter turned 99 on Sunday. The 39th president began receiving hospice care at his home in Georgia in February, according to a statement from The Carter Center. The peanut farmer from Plains, Georgia, and US Navy lieutenant served a single term from 1977 to 1981. Championing human rights at the center of US foreign policy, Carter forged a still-standing peace treaty between Egypt and Israel. Shortly after, Carter and his wife, Rosalynn, established The Carter Center, which has monitored international elections and promoted public health across the world.

Persons: Jimmy Carter, Carter, Rosalynn, George H.W, George H.W . Bush Organizations: Carter, US Navy, Department of Energy Locations: Georgia, Plains , Georgia, Egypt, Israel, George H.W .

☆ Americans celebrate Jimmy Carter's 99th birthday as he receives hospice care
▼ + stars: | 2023-09-30 | by ( Jeff Mason | Thomson Reuters | Jeff Mason Is A White House Correspondent For Reuters. He Has Covered The Presidencies Of Barack Obama | ) www.reuters.com time to read: +2 min

Former U.S. President Jimmy Carter reacts as his wife Rosalynn Carter (not pictured) speaks during a reception to celebrate their 75th wedding anniversary in Plains, Georgia, U.S. July 10, 2021. John Bazemore/Pool via REUTERS/File Photo Acquire Licensing RightsWASHINGTON, Sept 30 (Reuters) - Americans celebrated the 99th birthday of former President Jimmy Carter this weekend, with the White House putting up a wooden cake display on its north lawn and the Carter library in Georgia hosting a party for the public. Carter, a Democrat who served as U.S. president from January 1977 to January 1981, is in hospice care after deciding in February to decline additional medical intervention. In Atlanta, the Jimmy Carter Presidential Library & Museum hosted a celebration that it said would feature cake, games, trivia and a food truck. He and his wife, Rosalynn Carter, who has dementia, took an outing a week ago to attend the annual peanut festival in their hometown of Plains, Georgia.

Persons: Jimmy Carter, Rosalynn Carter, John Bazemore, Carter, Carter's, Jason, Jeff Mason, Leslie Adler Organizations: U.S, Rights, White, Jimmy Carter Presidential Library & Museum, New York Times, Thomson Locations: Plains , Georgia, U.S, Georgia, Atlanta, Washington

☆ Jimmy Carter's hometown honors the ex-president as a global humanitarian -- and a good friend -- as he turns 99
▼ + stars: | 2023-09-30 | by ( Christina Maxouris | ) edition.cnn.com time to read: +11 min

Plains, Georgia CNN —More than 14,000 people have written to Jimmy Carter for his 99th birthday. Birthday wishes for Jimmy Carter are seen Thursday in a book at The Carter Center in Atlanta. “I talk to people every day of the week and listen to their stories about Jimmy Carter and how they interacted,” he said. Jimmy Carter's grandson Jason Carter, center, looks Thursday at a digital mosaic of his grandfather at The Carter Center. “It was like that message from President Carter was to encourage my heart,” Hightower said.

Persons: Georgia CNN —, Jimmy Carter, Carter, Rosalynn, Austin Steele, –, Mr, Jimmy, ”, Jason Carter, Brendan Smialowski, Doris Day’s, Bobby Salter, Philip Kurland, Millard Fillmore, Kurland, Matt McClain, “, ” Kurland, ‘ I’m, Eugene Edge Sr, ” Edge, ” Jan Williams, Williams, Amy, Jan Williams, Amy Carter, we’ve, we’re, it’s, Paige Alexander, Jimmy Carter's, CNN Carter, ” Jason Carter, they’ve, ” Carter, ‘, he’s, Bonita Hightower, Bonita's, Hyosub Shin, Zuma, Hightower, ” Hightower Organizations: Georgia CNN, The Carter, CNN, Getty, Trading, Plains, Washington Post, US Navy, Maranatha Baptist Church, House, Carter, “ CNN, Jimmy Carter Presidential Library, Museum, Atlanta Braves, Constitution, TNS Locations: Plains, Georgia, Ohio, Switzerland, Ecuador, Costa Rica, Europe, Australia, United States, Atlanta, Plains , Georgia, AFP, Plains City, “, ”, Hyosub

This copy is for your personal, non-commercial use only. Distribution and use of this material are governed by our Subscriber Agreement and by copyright law. For non-personal use or to order multiple copies, please contact Dow Jones Reprints at 1-800-843-0008 or visit www.djreprints.com. https://www.wsj.com/business/japan-baseball-peanut-producers-market-2126cfdb

Persons: Dow Jones Locations: japan

Persons: Dow Jones Locations: japan

☆ Stock market selloff means these shares are forming the dreaded death cross pattern
▼ + stars: | 2023-09-27 | by ( Alex Harring | ) www.cnbc.com time to read: +2 min

The death cross has come calling for some stocks. A death cross is a price chart pattern that forms when a stock's 50-day moving average crosses below its 200-day moving average. A handful of stocks, ranging from well-known food names to a lesser-known energy company, are close to drawing a death cross. But analysts are bullish on the stock, according to LSEG, with an average rating of buy and price target implying shares could rally more almost 20%. BlackRock also made a death cross and is similarly down more than 9% on the year.

Persons: Smucker, McCormick, Alejandro Zamacona, BlackRock, Craig Siegenthaler, bode, — CNBC's Michael Bloom, Fred Imbert Organizations: CNBC Pro, PepsiCo, Pepsi, Hostess Brands, McCormick, Bank of America, Federal, BlackRock Locations: U.S, LSEG

☆ Sam Bankman-Fried spent house arrest at a desk cluttered with items including cinnamon gum, a mini fan, and a bottle of Adderall
▼ + stars: | 2023-09-26 | by ( Lakshmi Varanasi | ) www.businessinsider.com time to read: +3 min

Sam Bankman-Fried was under house arrest until he was remanded to jail in August. At home, his desk was cluttered with items like a pack of gum, a mini fan, and Adderall. Now, at the Metropolitan Detention Center in Brooklyn, he doesn't have access Adderall. AdvertisementAdvertisementSam Bankman-Fried's parents, Barbara Fried and Joseph Bankman. Now, Bankman-Fried's living conditions have drastically changed in recent months.

Persons: Sam Bankman, Fried, —, Sheelah Kolhatkar, Barbara Fried, Joseph Bankman, Michael M, Sandor, Lewis Kaplan, He's, Mark Cohen, Judge Kaplan Organizations: Metropolitan Detention, Service, Yorker, New Yorker, CNBC Locations: Brooklyn, Palo Alto , California, New, California, German, Brooklyn —

☆ OSIRIS-APEX mission sets off for new asteroid target
▼ + stars: | 2023-09-25 | by ( Ashley Strickland | ) edition.cnn.com time to read: +5 min

CNN —After successfully delivering NASA’s first asteroid sample collected in space, the OSIRIS-REx mission, now renamed OSIRIS-APEX, is embarking on a new journey — this time to study an asteroid that will closely approach Earth in just a few years. The asteroid was named for the Egyptian god of chaos and darkness and is believed to be shaped like a peanut. An artist's rendering shows OSIRIS-APEX kicking up dust so it can study Apophis. What Apophis could revealApophis is of interest because it’s an S-type, or stony, asteroid, in contrast to Bennu, which is a C-type, or carbonaceous, asteroid. The spacecraft’s ability to closely orbit the asteroid can reveal the surface strength of stony asteroids and how much weathering the asteroid endures in the space environment.

Persons: CNN —, NASA’s, REx, OSIRIS, ”, Dani DellaGiustina, APEX's, Heather Roper, Dante Lauretta, ” Lauretta, “ Organizations: CNN, APEX, University of Arizona, Space Center, NASA, “, NASA’s Center Locations: NASA’s, Houston, Europe, Africa

☆ Elon Musk might be the internet's worst boyfriend. At least that's what it seems like in his new biography.
▼ + stars: | 2023-09-25 | by ( Grace Kay | ) www.businessinsider.com time to read: +8 min

"Elon and I were used to having big arguments in public," Musk's first wife, Justine Wilson, told Isaacson. AdvertisementAdvertisementWilson told Isaacson, the book's author, that Musk sometimes resorted to calling her "an idiot" or "moron" in arguments. Variety/Getty ImagesMeanwhile, Grimes told Isaacson that she feels the billionaire "associates love with being mean or abusive." "It was Elon's Asperger's coming out in full," Grimes told Isaacson. Musk's second wife, Talulah Riley, told Isaacson that when her close friend died, he flew to England to be with her.

Persons: Elon, it's, Grimes, Walter Isaacson's, Elon Musk, Tesla, Musk's, Justine Wilson, Isaacson, Wilson, Marie Claire, Musk, Claire Boucher, Amber Heard, Asperger's, I'd, he's, Talulah Riley, Mike Blake, Shivon, Zilis, X, Riley, Heard Organizations: Service, SpaceX, Variety, PayPal Locations: Wall, Silicon, Texas, Grimes, England

PLAINS, Ga. (AP) — Former President Jimmy Carter and his wife, Rosalynn, on Saturday made a surprise appearance at the Plains Peanut Festival in their Georgia hometown, the Carter Center wrote in a social media post on X, formerly known as Twitter. The former president and his wife are seen in a reposted video riding through the festivities in a Black SUV. “Beautiful day for President & Mrs. Carter to enjoy a ride through the Plains Peanut Festival! And just a week before he turns 99,” the Carter Center wrote on X after sharing the video taken by a spectator. The former president is 98 and has been in home hospice care since February.

Persons: Jimmy Carter, Rosalynn, Carter, ” Reed Elliotte Organizations: Carter, Twitter Locations: Ga, Georgia, Corbin , Kentucky

CNN —Former President Jimmy Carter and his wife, Rosalynn, took a ride through the Plains Peanut Festival in Plains, Georgia, on Saturday, the Carter Center said in a social media post. “Beautiful day for President & Mrs. Carter to enjoy a ride through the Plains Peanut Festival! In this still taken from a video, former President Jimmy Carter and his wife, Rosalynn, appear at the Plains Peanut Festival parade in Plains, Georgia, on September 23, 2023. Josh Carter said his grandmother Rosalynn Carter, who has dementia, is cognizant of her diagnosis. Jimmy and Rosalynn Carter have been married for 77 years and are the longest-married presidential couple.

Persons: Jimmy Carter, Rosalynn, Carter, Erikka Bettis Williams, Erikka Bettis Williams Jimmy Carter, consequentially, “, Josh Carter, Rosalynn Carter, ”, Jimmy Organizations: CNN, Carter, Archery, Democrat Locations: Plains , Georgia, Georgia

I married my husband when we were both 21 years old. We sold our first house for twice what we paid for it, and I found a way to make my English degree pay. We always wait for movies to leave theaters before we see them, and we've walked miles to avoid paid parking. This mindset has saved us a lot of money through the years, even as it shifted from survival strategy to muscle memory. Because honestly, I am pretty sure those younger, hungrier versions of ourselves are the ones who got us here.

Persons: He's, it's, we've, Harry Potter Organizations: futon

☆ Former President Jimmy Carter rides through Georgia peanut fest
▼ + stars: | 2023-09-23 | by ( ) www.reuters.com time to read: +1 min

Former U.S. President Jimmy Carter and his wife, former first lady Rosalynn Carter sit together during a reception to celebrate their 75th wedding anniversary in Plains, Georgia, U.S. July 10, 2021. John Bazemore/Pool via REUTERS/File Photo Acquire Licensing RightsWASHINGTON, Sept 23 (Reuters) - Former U.S. President Jimmy Carter and former first lady Rosalynn Carter made an outing on Saturday to view a festival in Georgia, the Carter Center said in a tweet. Carter, 98, and his wife were driven through the former president's hometown Plains on Saturday to attend its annual peanut festival. Carter, a one-term Democrat who left office in 1981, has lived longer after leaving the White House than any former president in U.S. history. The Carter Center announced in February that he would receive hospice care and "spend his remaining time at home with his family" instead of seeing additional medical intervention.

Persons: Jimmy Carter, Rosalynn Carter, John Bazemore, Carter, Joel Schectman, Josie Kao Organizations: U.S, Rights, Former U.S, Carter, Carter Center, Thomson Locations: Plains , Georgia, U.S, Former, Georgia

☆ I quit my nearly 6-figure corporate job to work at Trader Joe's for $17 an hour. I'm still here 5 years later and happier than ever.
▼ + stars: | 2023-09-22 | by ( Jen Glantz | ) www.businessinsider.com time to read: +7 min

While Trader Joe's has a reputation for having friendly staff, we're not forced to be that way. AdvertisementAdvertisementOther perks include a discounted rate for insurance and 20% off anything we buy at Trader Joe's. At Trader Joe's, being who I am isn't something I ever have to think twice about. I took a big pay cut for this jobIn my last corporate job, I made almost six figures a year. AdvertisementAdvertisementI know it's cliché to say that I'm obsessed with Trader Joe's, but it's a good company.

Persons: Akeem Caballero, I've, We're, we're, Joe's, I'm, Geoffrey Owens Organizations: Service Locations: Wall, Silicon, Denver

☆ Jimmy Carter’s Final Chapter: Peanut Butter Ice Cream and His 99th Birthday
▼ + stars: | 2023-09-21 | by ( Peter Baker | More About Peter Baker | ) www.nytimes.com time to read: +1 min

Maybe it’s the peanut butter ice cream he still enjoys. Or the fact that his first-place Atlanta Braves are cruising toward the playoffs and he wants to see another World Series. Or as many of his loved ones and former advisers suggest, maybe he is just too stubborn to follow anyone else’s timetable. Whatever the reason, seven months after entering hospice care, Jimmy Carter is still hanging on, thank you very much, and is in fact heading toward his 99th birthday in just over a week. And then we thought it was going to be in that week that it was coming to the end.

Persons: Jimmy Carter, ” Jason Carter, “, ” Mr, Carter Organizations: Atlanta Braves Locations: Plains , Ga

☆ The ‘Mandela Effect’: How a psychological phenomenon took over the internet
▼ + stars: | 2023-09-18 | by ( Jacopo Prisco | ) edition.cnn.com time to read: +10 min

But you might also be experiencing the so-called Mandela Effect. Ken Drinkwater, a fellow researcher at Manchester Metropolitan, added that the effect might be connected to a condition called false memory syndrome. Jon Elswick/AP; Scott Olson/Getty ImagesSome common examples of the Mandela Effect have perhaps logical explanations, such as Mr. “Advocates of the Mandela Effect think it’s a genuine effect. These people had this false memory right after learning about the characters!

Persons: Ash, Fiona Broome, Nelson Mandela, Mandela, Broome, “ Luke, ”, Wilma Bainbridge, hadn’t, Deepasri Prasad, Bainbridge, Prasad, Stan, Jan Berenstain, ” Bainbridge, Neil Dagnall, Dagnall, “, ” Dagnall, Roediger, McDermott, Ken Drinkwater, they’ve, Drinkwater, they’d, you’ve, Jon Elswick, Scott Olson, David Adkins, Sinbad, Dennis Van Tine, Shaquille O’Neal, Clara Nellist, Lionel Flusin, hasn’t, ” Drinkwater, University of Chicago’s Bainbridge Organizations: CNN, “, Bears, University of Chicago’s, Science, UChicago, Dartmouth College, Manchester Metropolitan University, Manchester Metropolitan, Monopoly, Fox Television Network, European Organization for Nuclear Research, CERN, Collider Locations: South Africa, “, Hanover , New Hampshire, United Kingdom, New York City, Switzerland —, Geneva

[1/2] Hostess Brands "Twinkies" are displayed in a store in the Manhattan borough of New York City, U.S. July 5, 2016. Smucker (SJM.N) said on Monday it will buy Twinkies-maker Hostess Brands (TWNK.O) in a $5.6 billion deal, as major U.S. packaged food companies look to expand their brand portfolios with pandemic-era fortunes dwindling. J. M. Smucker will pay Hostess shareholders $34.25 per share in a cash and stock deal, representing a premium of 54% since the day before the report surfaced. Hostess Brands became an acquisition target after it managed to boost its revenue through price hikes that fueled investor concerns over its prospects with its volume growth consistently declining. Smucker and Hostess deal follows a spree of other deals including that of Campbell Soup's (CPB.N) $2.7 billion deal for Rao's sauce maker Sovos Brands (SOVO.O) and Unilever (ULVR.L) buying premium frozen yogurt brand Yasso in North America.

Persons: Brendan McDermid, Smucker, Campbell Soup's, Hostess, Ding Dongs, Dimpal Gulwani, Ananya Mariam Rajesh, Anirban Sen, Savio D'Souza, Shinjini Organizations: REUTERS, Hostess Brands, Reuters, Hostess, Mills Inc, Mondelez, PepsiCo Inc, Hershey Co, Sovos, Unilever, Hos, Thomson Locations: Manhattan, New York City, U.S, North America, Lenexa , Kansas, Ho, Bengaluru, New York

Traders work on the floor of the New York Stock Exchange (NYSE) in New York City, U.S., August 29, 2023. REUTERS/Brendan McDermid Acquire Licensing RightsSummaryCompanies Tesla gains on Morgan Stanley upgradeBoeing rises after Vietnam Airlines jet dealFutures up: Dow 0.23%, S&P 0.44%, Nasdaq 0.63%Sept 11 (Reuters) - Wall Street futures gained on Monday as Tesla shares rose, while investors awaited inflation data due later this week for clues on the U.S. Federal Reserve's interest-rate path. The three major indexes logged weekly declines on Friday as strength in oil prices and stronger-than-expected economic data fueled concerns of sticky inflation and interest rates staying higher for longer. Investors now await the crucial consumer and producer prices data as well as retail sales numbers due later this week. Data over the weekend showed China's consumer prices returned to positive territory in August, while factory-gate price declines slowed, as deflation pressures ease amid signs of stabilization in the economy.

Persons: Brendan McDermid, Morgan Stanley, Russ Mould, AJ Bell, Ankika Biswas, Shreyashi Sanyal, Arun Koyyur, Vinay Dwivedi Organizations: New York Stock Exchange, REUTERS, Boeing, Vietnam Airlines, Dow, Nasdaq, Wall, U.S, Investors, FedWatch, Dow e, Apple, Hostess Brands, PDD Holdings, Baidu, Sunday, Thomson Locations: New York City, U.S, U.S . Federal, China, Bengaluru

☆ J.M. Smucker nears deal to buy Twinkies-owner Hostess Brands - WSJ
▼ + stars: | 2023-09-11 | by ( ) www.reuters.com time to read: +1 min

[1/2] Hostess Brands "Twinkies" are displayed in a store in the Manhattan borough of New York City, U.S. July 5, 2016. Smucker (SJM.N) is nearing an agreement to buy Twinkies-owner Hostess Brands (TWNK.O) in a deal that would likely be in the neighborhood of $4 billion, the Wall Street Journal reported on Sunday, citing sources. Hostess' shares have risen nearly 27% since Reuters reported that the company was exploring a sale after fielding takeover interest from major food makers. Hostess became an acquisition target after it raised prices on some of its products to boost revenue, fueling investor concerns over its prospects. Both Hostess and J.M.

Persons: Brendan McDermid, Smucker, Dimpal, Rashmi Organizations: REUTERS, Hostess Brands, Wall Street, Reuters, Thomson Locations: Manhattan, New York City, U.S, Bengaluru

☆ Smucker CEO on merger with Hostess: 'We complement each other so well'
▼ + stars: | 2023-09-11 | by ( Julie Coleman | ) www.cnbc.com time to read: +1 min

Smucker , discussed his company's acquisition of Twinkie maker Hostess Brands on Monday with CNBC's Jim Cramer. Smucker said this move will help the company expand its snack offerings, noting how the two brands complement each other. Smucker highlighted his company's Uncrustable snack, a crust-less peanut butter and jelly sandwich, as a product that dovetails well with Hostess's shelf-stable sweet treats. Smucker said he's not worried consumers will lose their taste for sweet snacks, even as obesity drugs and emphasis on healthy eating permeate the U.S. zeitgeist. "Hostess has done such a nice job creating single-serve small portions that allow people to have snacking, sweet snacks, in moderation."

Persons: Mark Smucker, Smucker, CNBC's Jim Cramer, We're, he's Organizations: Hostess Brands, CNBC

☆ Here's why Jim Cramer likes J.M. Smucker's plan to buy the maker of Twinkies
▼ + stars: | 2023-09-11 | by ( Kevin Stankiewicz | In Kevinstankiewicz | ) www.cnbc.com time to read: +1 min

Smucker 's (SJM) decision to buy Twinkie maker Hostess Brands (TWNK) in a deal valued at $5.6 billion. "I like the deal, if only just because I like this channel for Smuckers," Cramer said on "Squawk on the Street." Hostess Brands stock, meanwhile, surged nearly 19%, to more than $33 per share. Reuters reported in August that multiple major food brands such as General Mills (GIS) and Oreo owner Mondelez International (MDLZ) had shown interest in acquiring Hostess. Perhaps the "biggest worry" about acquiring Hostess Brands is the increasing popularity of weight-loss drugs known as GLP-1 agonists, and their potential impact on consumer food preferences, Cramer acknowledged.

Persons: CNBC's Jim Cramer, J.M, Smucker, Cramer, Jim Cramer's, Mills, Morgan Stanley, Eli Lilly, — Organizations: Hostess Brands, Reuters, Mondelez, Hostess, Cramer's Charitable Trust, CNBC, Novo Nordisk, Cramer's Charitable Locations: U.S

☆ J.M. Smucker is buying Twinkies maker Hostess for $5.6 billion
▼ + stars: | 2023-09-11 | by ( Jordan Valinsky | ) edition.cnn.com time to read: +2 min

New York CNN —Hostess, the maker of Twinkies and Ho Hos, is being purchased by J.M. Hostess stockholders will get $30 in cash along with .03002 shares of Smucker’s stock for each Hostess share they own, with the deal expected to close in 2024. Hostess was founded in 1919 and started making Twinkies in 1930. It filed for bankruptcy in January 2012, and stopped making its products, including Twinkies, in November of that year during a strike by Bakery Workers union. The firms of Apollo Global Management and C. Dean Metropoulos & Co. returned Twinkies to store shelves in July 2013 after acquiring the asset from Hostess.

Persons: “, Andy Callahan, Ding Dongs, Smucker, Dean Metropoulos Organizations: New, New York CNN, J.M, ”, Bakery Workers, Apollo Global Management, Co, Hostess Locations: New York, Ho

Search resuls for: "Peanut"

25 mentions found