Tag Archives: business news

Nutella’s parent company Ferrero is buying cereal maker WK Kellogg for $3.1 billion

The Ferrero and WK Kellogg logos side by side, representing the merger of the two companies

Understanding Ferrero’s Strategic Move Ferrero’s $3.1 billion acquisition of WK Kellogg gives you direct access to a legacy cereal portfolio worth roughly $1.5 billion, including giants like Raisin Bran and Corn Flakes. By combining Ferrero’s strong foothold in sweet treats with WK Kellogg’s 14,000 employees and 22 plants, you’re seeing a clear bid to expand […]

Trump seems to think America needs a recession. Some people are still recovering from the last one

Trump seems to think America needs a recession
A recession may seem to you just another stage in the cycle of the economy, but it can have deep, even permanent, consequences for people and communities. As President Donald Trump suggests the need to sacrifice some of the economy’s gains in exchange for fighting the coronavirus, it’s worth remembering just what a toll the last recession [...]