Kellogg’s, one food company of American origin with sales in more than 180 countries, announced its intentions to divide the current business into three new companies.
The company plans to spin off its grain division in the United States, Canada and the Caribbean. Additionally, it intends to separate the operation from the plant-based food business.
These two segments together represented approximately 20% of its net sales in 2021.
The other part of the company, which represents 80% of its net sales last year, will be focused on the global international snacks, cereals and noodles business and the frozen breakfast segment in North America.
The company’s shares rose 2% on the New York Stock Exchange on Tuesday.
Bepensa Beverages debuted on the Mexican Stock Exchange (BMV) and placed two issues of Long-Term Stock Certificates for an amount of 2,500 million pesos with a term of 5 and 7 years, respectively.
The foregoing, as part of its authorized program for an amount of up to 10,000 million pesos with a validity of five years.
The resources raised will be used for working capital and liquidation of liabilities.
The issue obtained a rating of “F1+(mex)” from Fitch, as an indication of the highest capacity for timely payment of financial commitments compared to other issuers or obligations in the same country.
Sodimac, one marketer of products for home furnishings, remodeling and decoration, announced the opening of its tenth store in Mexico and the first under the “colony” format, or a smaller branch model in the Plaza Central shopping center.
The new store will be located next to the Central de Abasto of the Iztapalapa mayor’s office, in Mexico City, within a total area of more than four thousand square meters, with more than 10 thousand different products in stock.
The Sodimac Plaza Central point of sale joins those opened in the State of Mexico, Morelos, Veracruz, San Luis Potosí, Nueva León, Guanajuato and Monterrey, as well as the more than 250 points of sale in Mexico, Argentina, Brazil, Colombia , Chile, Peru and Uruguay.
Microsoft announced that it will stop selling the technology that analyzes people’s emotions based on a facial image and that it would no longer provide unlimited access to its facial recognition tools.
The decision reflects efforts by leading cloud service providers to curb the indiscriminate exposure of sensitive technologies as lawmakers in the United States and Europe continue to weigh legal limitations.
Since at least last year, Microsoft has been reviewing whether emotion recognition systems are based on scientific paradigms.
Customers will have a year before losing access to artificial intelligence tools that claim to infer emotions, gender, age, smile, facial hair, hair and makeup.
Alphabet’s Google Cloud embarked on a similar assessment last year. Google blocked 13 expected reactions in its emotion reading tool and put four existing ones under review, such as happiness and sadness. The company is evaluating a new system that analyzes movements such as frowning and smiling, without trying to associate them with an emotion.
JetBlue Airways continues its quest to purchase Spirit Airlines by increasing its offer and strengthening its commitment to divest assets to obtain regulatory approval for the acquisition.
JetBlue increased its offer to $33.50 in cash per Spirit share. It had previously offered $31.50 a share.
Spirit is weighing whether to go ahead with the planned purchase by Frontier Group Holdings or accept JetBlue’s offer.
Specialists had assumed that the low-cost airline would hold a shareholder vote on the deal with Frontier earlier this month, but the airline company postponed to negotiate with its two suitors.