tyb
yep, his story is so easily picked apart if you want to see it. The koneval angle and those connections should have been enough but…horse to water.
Dow 30
26,420.77
+308.24(+1.18%)
Kellogg to cut jobs, take $35 million pretax hit on North America unit revamp
(Reuters) - Kellogg Co said on Tuesday it would cut about 150 jobs and take a $35 million hit to trim its North American operations following the sale of Keebler biscuits and a handful of other brands for $1.3 billion in April.
The announcement, small in scale for a company that employs around 34,000 globally, is a month after similar steps in Europe aimed at streamlining Kellogg’s operations and focusing on core businesses.
Kellogg, like other packaged food companies, has struggled with surging expenses owing to higher transportation and raw material costs, while consumers have shifted to trendier more health-focused upstart brands.
The company’s shares lost around 10% of their value last year and are down by more than a third from peaks hit in mid-2016.
“This transaction will result in a smaller, more focused (North American) portfolio with fewer brands… requiring a simpler, more agile and rightsized organization,” said Kris Bahner, senior vice president for Global Corporate Affairs.
The Battle Creek, Michigan-based company reported net sales of $13.55 billion in its last fiscal year with adjusted operating profit of $1.88 billion.
The pretax charges include about $20 million of expenses related to employee severance and termination benefits, the company said in a regulatory filing here.
It said it expected the restructuring moves in Europe and North America to be completed by end of 2020.
https://www.reuters.com/article/us-kellogg-restructuring/kellogg-to-cut-jobs-take-35-million-pretax-hit-on-north-america-unit-revamp-idUSKCN1TJ1KG
https://www.secform4.com/insider-trading/55067.htm
The W. K. Kellogg Foundation was founded in June 1930 as the W. K. Kellogg Child Welfare Foundation by breakfast cereal pioneer Will Keith Kellogg. In 1934, Kellogg donated more than $66 million in Kellogg Company stock and other investments to the W. K. Kellogg Trust (equivalent to $990 million in 2018). As with other endowments, the yearly income from this trust funds the foundation.
In 1996, it supplied a multi-year grant worth $750,000 ($1.13 million in 2018 dollars[1]) to start mass salt fluoridation programs which were then carried out by the Pan American Health Organization (PAHO), covering 350 million people in Bolivia, Dominican Republic, Honduras, Nicaragua, Panama, and Venezuela. The project was part of a multi-year plan launched by PAHO in 1994 to
"fluoridate the entire Region of the Americas".
More recently, they have provided funding for Health-Corps to prevent childhood obesity by encouraging students to take personal responsibility for their health and wellness.[2]
https://en.wikipedia.org/wiki/W._K._Kellogg_Foundation
>Could tread the line of an SEC violation?
for sure however all you need to do is look up who the enforcement VP there and you then see why nothing is ever enforced.
Chinese Media Suggest "Slim Hope" For Trump-Xi Meeting, Then Delete Warning Immediately
Update (1030ET): The much-watched account of Hu Xijin, Editor-in-chief of the Global Times, tweeted a warning managing expectations about the enthusiasm over a Trump-Xi meeting… "President Xi Jinping did agree to meet with US President Donald Trump at G20 and they will discuss fundamental issues in China-US relations. This phone call brings a slim hope to break the current deadlock between the two countries"
However, within seconds, the tweet was deleted.
Meanwhile, Yuan has extended gains.
The bears are suffering a terrible trifecta today.
First, Draghi threw in the towel said he would be cutting rates soon; second, Powell is expected to unleash the dovish floodgates tomorrow; Third and final, moments ago, Trump restored hope that a trade deal may be forthcoming at next week's G-20 when he tweeted that contrary to conventional expectations, he will in fact be having an "extended meeting" with Xi next week..
Had a very good telephone conversation with President Xi of China. We will be having an extended meeting next week at the G-20 in Japan. Our respective teams will begin talks prior to our meeting.
— Donald J. Trump (@realDonaldTrump) June 18, 2019
The news sent USDJPY surging, offsetting the earlier quake-related frop.
… the Dow soaring more than 300 points…
… the Chinese yuan spiking…
.. and the S&P500 once again just shy of all time highs.
So what does this mean for the Fed: with the ECB providing a dovish tailwind to US equities, with a glimmer of hope now appearing that trade war may be ending, and with the S&P at all time highs, Powell's job just got even more difficult: how can the Fed justify a preview to a rate cut tomorrow? We'll find out in just over 24 hours.
https://www.zerohedge.com/news/2019-06-18/dow-soars-after-trump-says-he-will-have-extended-meeting-xi-next-week?
A little color on cohen. Was actually on okrah's show years ago, it's still available on YT i think
After Scandal, SAC Capital Begins to Fade to Black
SAC Capital Advisors, synonymous with an insider trading scandal that has consumed the hedge fund industry, will soon cease to exist as Wall Street has known it.
Steven A. Cohen’s 22-year-old hedge fund — once the envy of Wall Street — is completing plans to change its name and its corporate structure by mid-March, according to people briefed on the matter, a rebranding effort that comes after SAC pleaded guilty last year to criminal insider trading charges.
In the spirit of the plea deal, which ordered SAC to shut its doors to outside investors, the new firm will condense into fewer legal entities and will not accept any external money. The slimmed-down operation, the people said, will operate as a so-called family office that manages employee money and an estimated $9 billion from the personal fortune of Mr. Cohen, SAC’s owner and founder.
Still, Mr. Cohen will remain chief executive of the new, yet-to-be-named business. And the firm will simply reshuffle its staff to add a layer of management between Mr. Cohen and the firm’s existing traders, another nod to the plea deal and the government’s apparent fixation with seeking to link Mr. Cohen to illicit trading.
Mr. Cohen’s decision to abandon SAC, the details and timing of which have not been previously reported, comes as Wall Street starts to distance itself somewhat from the firm. Deutsche Bank, one of SAC’s lenders and trading partners, cut ties with the hedge fund in recent weeks, the people briefed on the matter said, citing the “reputational risk” of dealing with SAC.
https://dealbook.nytimes.com/2014/02/02/after-scandal-sac-capital-begins-to-fade-to-black/
starting the process on freezing redemptions sounds like. Nothing you can do now, warned about this months ago.
i wouldn't worry about it as you won't get screwed but they have to play the game and do the stuff so they get caught for it later. Doing that was much moar prevalent in the '08 crash, locking people out of accounts etc.
yet the FB crypto stroy was in lb and it's a notable now…..just keep ignoring it.
https://www.secform4.com/insider-trading/789570.htm
o7