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An advertisement promoting Alibaba's Singles' Day shopping festival is pictured, following the coronavirus disease (COVID-19) outbreak in Shanghai, China, October 22, 2022. Sweaty Betty China Vice President Lexie Morris told Reuters the active-wear brand would use only "one or two" livestream hosts this Singles Day season and that it was starting to work with much smaller and more sports-focused livestreamers. Analysts expect to see another year of slowing sales overall this Singles Day, dampened by a slowing economy and China's zero-COVID-19 policy. In June, Alibaba rival JD.com Inc (9618.HK) also recorded its slowest-ever sales growth for 618, China's second-largest shopping festival after Singles Day. "Instead of a traffic-driven model, Taobao Live helps merchants grow their businesses sustainably," it said.

☆ The Secret Service painted a damning picture of Trump to the Jan. 6 committee. It wasn't the first time agents have been called to testify.
▼ + stars: | 2022-10-13 | by ( ) www.businessinsider.com time to read: +7 min

The House Jan. 6 committee obtained hundreds of thousands of internal Secret Service emails. Before the new revelations, the Secret Service was already at the center of the committee's investigation. The panel is also looking into how the Secret Service lost countless other records from January 6, reportedly including agents' text messages. Anthony Guglielmi, chief of communications for the Secret Service, has said there was no malicious intent behind the messages' deletion. Secret Service agent Larry Cockell (left) was forced to testify in an investigation into then-President Bill Clinton.

☆ General Mills Posts Higher Sales as Costs Escalate Further
▼ + stars: | 2022-09-21 | by ( Sabela Ojea | ) www.wsj.com time to read: 1 min

General Mills higher sales in its fiscal first-quarter as more consumers eat at home in response to higher prices, including from the food company, as costs escalate further. The maker of Cheerios cereal and Betty Crocker cake mix Wednesday said it now sees costs rising as much as 15% for its current fiscal year, higher than its forecast from June, due to increases for raw materials, labor, freight and fuel.

☆ General Mills raises full-year forecast on higher prices
▼ + stars: | 2022-09-21 | by ( ) www.reuters.com time to read: +2 min

Register now for FREE unlimited access to Reuters.com RegisterPackages of Cheerios, a brand owned by General Mills, are seen in a store in Manhattan, New York, U.S., November 12, 2021. REUTERS/Andrew KellySept 21 (Reuters) - Cheerios cereal maker General Mills Inc (GIS.N) raised its full-year forecast after beating quarterly profit estimates on Wednesday, banking on higher prices and resilient demand for its breakfast cereals, snack bars and pet food. The company now expects organic net sales to rise between 6% and 7% in fiscal 2023. Net earnings attributable to General Mills rose to $820 million, or $1.35 per share, in the three months ended August 28, from $627 million, or $1.02 per share, a year earlier. It also reported net sales of $4.72 billion in the first quarter, in line with analyst expectations, according to Refinitiv data.

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