Kraft Macaroni and Cheese is changing its name

Kraft Macaroni and Cheese is changing its name

New York CNN Business — Kraft Macaroni and Cheese is changing its name after 85 years. The household staple is now called Kraft Mac & Cheese, which is “meant to reflect the way fans organically talk about the brand,” the company announced Wednesday. Packaging featuring the new name will hit shelves in August. Along with … Read more

From startup to big bank: BMO bought their company, now they run its global trading desks

From startup to big bank: BMO bought their company, now they run its global trading desks

Dan Goldman and Levent Kahraman, co-heads of BMO Global Markets, at their office in Times Square in New York City on June 17, 2022.Kellyann Petry/The Globe and Mail Like many American bankers, Dan Goldman and Levent Kahraman are back working most days of the week at the New York offices where they run Bank of … Read more

Naomi Osaka partners with Lebron James to form media company Hana Kuma

Naomi Osaka partners with Lebron James to form media company Hana Kuma

Tennis Player, Naomi Osaka poses for a photo with LeBron James #23 of the Los Angeles Lakers after the game on April 4, 2019 at STAPLES Center in Los Angeles, California. Andrew D. Bernstein | National Basketball Association | Getty Images Four-time Grand Slam winner Naomi Osaka is launching a media production company in partnership … Read more

Mondelez to buy energy bar maker Clif Bar for about $3 billion

Mondelez to buy energy bar maker Clif Bar for about  billion

Mondelez International headquarters on Jan. 10, 2022. Mondelez International said on Monday it will buy energy bar maker Clif Bar & Company for $2.9 billion to expand its global snack bar business. The company said it will get the Clif, Luna and Clif Kid brands of bars in its portfolio through the acquisition, creating a … Read more

Libya’s oil industry is in disarray just as the world needs it more than ever

Libya’s oil industry is in disarray just as the world needs it more than ever

The Libyan oil ministry told CNN on Wednesday that production had shrunk to a near halt in June, to 100,000 barrels per day (bpd) from 1.2 million bpd last year. But on Monday, oil minister Mohamed Oun told CNN that production had climbed up to 800,000 barrels a day, saying some fields had come back … Read more

Heatwave: Western Europeans wilt in early summer, compounding climate change fears

Heatwave: Western Europeans wilt in early summer, compounding climate change fears

Reuters — Spain is seeing its hottest early summer temperatures, one area of ​​France banned outdoor events, and drought stalked Italian farmers as a heatwave sent Europeans hunting for shade and fretting over climate change. Such was the heat that England’s upscale Royal Ascot Racecourse even saw a rare change of protocol: guests were allowed … Read more

Someone paid $19 million for a steak lunch with Warren Buffet

Someone paid  million for a steak lunch with Warren Buffet

An anonymous bidder paid a record-breaking $19 million for a private steak lunch with legendary investor Warren Buffet. The sale was part of the 21st annual auction for a lunch with Buffet, produced in collaboration with eBay and the Glide Foundation, a San Francisco-based non-profit working on combating poverty, hunger, and homelessness. The bidding started … Read more

Why a new international vaccine deal is being called a ‘devastating global failure’

Why a new international vaccine deal is being called a ‘devastating global failure’

In the first months of the COVID-19 vaccine rollout, shipments arrived quickly and often in rich countries, while much of the world waited. The blatant inequality prompted a question — what if anyone with some spare manufacturing capacity were able to brew doses, without fear of legal repercussions from the pharmaceutical companies that had come … Read more

Women concerned workplace accommodations won’t last: poll

Women concerned workplace accommodations won’t last: poll

As businesses across the country issue back-to-office notices to employees, nearly half of Canadian working women say they may quit their jobs if working from home at least part of the time is not an option, a report from The Prosperity Project found. The project, founded to mitigate the impact of the COVID-19 pandemic on … Read more

Revlon files for Chapter 11 bankruptcy protection

Revlon files for Chapter 11 bankruptcy protection

Daniel Acker | Bloomberg | Getty Images Cosmetics giant Revlon filed for Chapter 11 bankruptcy protection on Wednesday evening as it grappled with a cumbersome debt load and a snarled supply chain. The company said it expects to receive $575 million in debtor-in-possession financing from its existing lender base, which will help to support its … Read more