H-E-B Recalls Certain Creamy Creations Light Ice Cream

Pangaea Logistics Solutions Ltd. Reports Climb In Q2 Profit

Pangaea Logistics Solutions Ltd. (PANL) reported earnings for its second quarter that increased from last year

The company’s bottom line totaled $25.03 million, or $0.56 per share. This compares with $19.23 million, or $0.43 per share, in last year’s second quarter.

Excluding items, Pangaea Logistics Solutions Ltd. reported adjusted earnings of $28.85 million or $0.64 per share for the period.

The company’s revenue for the quarter rose 34.4% to $195.54 million from $145.54 million last year.

Pangaea Logistics Solutions Ltd. earnings at a glance (GAAP) :

-Earnings (Q2): $25.03 Mln. vs. $19.23 Mln. last year.
-EPS (Q2): $0.56 vs. $0.43 last year.
-Revenue (Q2): $195.54 Mln vs. $145.54 Mln last year.

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Micron To Invest $40 Bln In Semiconductor Manufacturing

Micron said on Tuesday that it would invest $40 billion between now and 2030 to manufacture chips in the U.S. The investment is supported by grants and credits from the Chips and Science Act, a bipartisan bill that was signed in law last week.

Micron said it will create up to 40,000 jobs in the U.S., including 5,000 highly paid technical and operational roles. The company said the additional capacity will bring the U.S. market share of memory chip production from 2-10 percent. Micron expects to begin production in the second half of the decade.

The specific plans for the investment will come in weeks, Micron added.
The Chips and Science Act aims to revitalize domestic chip manufacturing and boost U.S. competitiveness with China. The U.S. produces about 10 percent of the world’s supply of semiconductors, but otherwise relies on East Asia for 75 percent of the global production.

The Chips Act also pushed Qualcomm to commit to spending an additional $4.2 billion on chips from GlobalFoundries’ New York facility. Qualcomm, also announced plans to increase semiconductor production in the U.S. by 50 percent over the next five years.

Inmate dies at Pueblo County Jail, investigation is ongoing

A 40-year-old woman died Tuesday in the Pueblo County Jail.

The woman was “found unresponsive” in her assigned cell at about 10 a.m., according to a sheriff’s department news release.

She was arrested Monday on two outstanding warrants and had been at the jail for less than 24 hours, the release said. She was not identified.

“There were no visible signs of trauma or foul play,” the sheriff’s office said. An investigation is ongoing.

Denver Fire: Structure fire in southeast Denver seriously injures one person

One person was injured Tuesday in a structure fire in southeast Denver.

The fire was in the area of East Alameda Avenue and South Oneida Street, the fire department said in a 7:24 p.m. tweet.

One person was taken to a local hospital with “serious injuries,” DFD said.

The fire is under control and firefighters are working on dousing hot spots, firefighters said at 7:36 p.m. on Twitter. The cause of the fire is under investigation.


Commonwealth Bank Of Australia FY Profit Up 6%

Commonwealth Bank of Australia (CBA.AX) reported that its net profit attributable to equity holders of the Bank for fiscal year ended 30 June 2022 rose about 6% to A$10.77 billion from last year’s A$10.18 billion, reflecting operational performance and volume growth in core businesses as well as sound credit quality and the reduction of provisions related to the uncertainties associated with the impacts of the COVID-19 pandemic. On a per share basis, net income was 601.4 cents per share compared to 539.7 cents per share in the previous year.

Cash net profit after tax from continuing operations of A$9.60 billion was 11% higher reflecting operational performance, volume growth in core businesses and a loan impairment benefit.

Net interest income for the year grew to A$19.47 billion from A$19.30 billion in the prior year. Other banking income was A$5.46 billion up from A$4.80 billion in the previous year.

The final dividend was A$2.10 per share, fully franked, delivering a total dividend for the year of A$3.85 per share, fully franked. The record date is 18 August 2022, the final DRP participation date is 19 August 2022 and the final dividend will be paid on or around 29 September 2022.

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H-E-B Recalls Certain Creamy Creations Light Ice Cream

H-E-B is recalling certain Creamy Creations Light Mint Chocolate Chip Ice Cream due to undeclared wheat, a known allergen, the U.S. Food and Drug Administration said.

The recall involves half gallon Mint Chocolate Chip Ice Cream with UPC Number 4122048399 and Best by date of 06 Jan 23.

The product was sold at H-E-B stores in Texas and Mexico, as well as Mi Tienda stores in Texas. All affected product has been removed from store shelves.

The recall was initiated after H-E-B Creamy Creations Light Cookies & Cream Ice Cream, which contains wheat as an ingredient, was identified in some cartons labeled as H-E-B Creamy Creations Light Mint Chocolate Chip Ice Cream.

Wheat, a known allergen, which is not declared on the product label. People who have an allergy or severe sensitivity to wheat may get serious or life-threatening allergic reaction if they consume these products.

However, there have been no reported illnesses related to the recalled product to date. Anyone who wants to return the items can take them to their nearest H-E-B store for a full refund.

In similar recalls, Conagra Brands, Inc. recently recalled around 119,581 pounds of frozen beef products due to misbranding and undeclared egg, a known allergen.

In late July, Freeport, Maine -based Wilbur’s of Maine Chocolate Confections recalled certain milk chocolate covered blueberries as it may contain undeclared chocolate covered almonds, an allergen.

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