Big Sky Granolas Recalled For Undeclared Milk

Jeff Bezos To Give Away Most Of His Wealth: Reports

Jeff Bezos has promised to give away most of his wealth during his lifetime.

Bezos, who is currently the world’s fourth richest person based on Forbes billionaires list, also admitted that he wants to ensure that the worthiest causes benefits from his charity.

Bezos made the pledge after donating $100 million to the country singer Dolly Parton to give to charities of her choice as part of Bezos’s annual Courage and Civility award.

Without providing further details, Bezos said he and partner journalist-turned-philanthropist Lauren Sánchez were “building the capacity to be able to give away this money”.

Bezos founded e-commerce giant Amazon in 1994 out of his garage in Seattle. He stepped down as CEO to become executive chairman in July 2021. He now owns a bit less than 10% of the company.

He and his wife MacKenzie divorced in 2019 after 25 years of marriage and he transferred a quarter of his then 16% Amazon stake to her. Bezos has donated more than $400 million worth of stock to nonprofits in 2022, though it’s unclear which organizations received those shares.

Bezos owns The Washington Post and Blue Origin, an aerospace company developing rockets.

In the past, Bezos has been heavily criticized for his relative lack of largesse toward charity compared with some fellow billionaires. Bezos is not a signatory to the Giving Pledge, which encourages the world’s wealthiest to give half their net worth to philanthropy and was set up by Bill Gates and Warren Buffett. It has attracted more than 230 signatories including Elon Musk and Mark Zuckerberg.

Nu Holdings Swings To Profit In Q3

Nu Holdings Ltd. (NU) Monday reported third-quarter net income of $7.8 million, compared to net loss of $34.4 million last year.

Adjusted net income was $63.1 million, compared to net loss of $1.2 million a year ago.

Revenues for the quarter surged to $1.31 billion from $480.9 million.

The company said it added 5.1 million customers in the quarter and 22.3 million year-on-year (YoY), reaching a total of 70.4 million customers, up 46% YoY.

Monthly Average Revenue per Active Customer (ARPAC) rose 61% to $7.9.

Puma Expands Partnership With Foot Locker

German multinational corporation Puma SE has expanded its partnership with American sportswear and footwear retailer Foot Locker Inc. (FL).

The expanded partnership will focus on basketball and the creation of exclusive product collections that meet the demands of next-generation market segment.

The companies also plan to roll out hyper-relevant creator engagements and brand partnerships that specifically resonate with a younger audience.

“PUMA’s long-standing relationship with Foot Locker has played an instrumental role in our ability to drive innovation and push the boundaries of sports, fashion, and technology globally,” said Bob Philion, President of PUMA North America. “Our enhanced partnership not only provides us with additional opportunities for collaboration and growth, but it will enable us to provide even greater experiences and inclusion for our evolving customer base around the world.”

Puma and Foot Locker have planned a series of exclusive collections and product collaborations with highly influential ambassadors reaching Gen Z and Gen Alpha.

Puma and Foot Locker will partner with Pokémon Company International and Niantic, publisher of the popular Pokémon GO mobile game, to turn, for the next six months, 400 Foot Locker, Champs Sports, and Kids Foot Locker stores across the U.S. and the PUMA NYC Flagship store into Gyms and Poké Stops in Pokémon GO.

PUMA x PAW PATROL, a new collection of playful and sporty styles for kids will be available at exclusively at Kids Foot Locker and Foot Locker in North America starting November 25.

Nordex 9-month Sales Down 2.1%; Tightens FY Operating Margin Outlook

Nordex AG (NRDXF.PK) reported that its sales for first nine months of the 2022 financial year declined 2.1% to 3.87 billion euros from 3.96 billion euros in the prior year.

Earnings before interest, taxes, depreciation, and amortization (EBITDA) amounted to minus 200 million euros compared to 101 million euros in the prior year. It was hurt by the persistently strong inflationary environment and supply chain disruption in particular. The latest improving selling prices for new incoming orders will start to have a positive impact after some time next year.

Nordex Group tightened its guidance for the 2022 financial year: the operating margin (EBITDA margin) is now expected to be at the lower end of the guidance range issued on 24 May 2022 at around minus 4 percent. This is mainly due to the current market environment, issues with supply chain reliability and thus project delays.

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Big Sky Granolas Recalled For Undeclared Milk

Urbandale, Iowa -based Big Sky Bread Co. is recalling certain Granola products citing undeclared milk, the U.S. Food and Drug Administration said.

The recall involves 14oz packages of Big Sky Chocolate Chunk Granola and Big Sky Chocolate Chunk Peanut Butter Chip Granola. The products were distributed in Iowa through retail stores and direct delivery. They were distributed through 11/07/2022.

The recall was initiated after it was discovered during a routine inspection that a product containing milk was distributed in packaging that did not reveal the presence of milk.

People who have an allergy or severe sensitivity to milk may get serious allergic reaction if they consume these products.

However, the company has not received any reports of illnesses related to the recalled product to date.

Consumers are urged to return it to the place of purchase for a full refund or it may be returned to Big Sky Bread Co. for a refund or product replacement.

In similar recalls citing undeclared milk, Salem, Oregon -based Momyer Distribution Inc. in late September recalled Dark Chocolate Almonds under PRODUCE and Holly Hill brands.

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