PepsiCo To Buy BFY Brands
PepsiCo, Inc. (PEP) Monday said it has agreed to buy BFY Brands, the maker of PopCorners snacks. BFY Brands become a part of PepsiCo’s Frito-Lay North America division.
The addition of BFY Brands will expand Frito-Lay’s snacking portfolio and will help Pepsi to offer consumers more positive nutritious options.
“BFY Brands offers distinctive products that deliver the great taste and ingredients consumers are looking for,” said Steven Williams, CEO, PepsiCo Foods North America. “Their production capabilities will support the growth of our existing, more-nutritious snack brands.”
The PopCorners line of snacks is available in grocery stores nationwide and includes Flex Protein Crisps and Flourish Veggie Crisps.
The transaction is subject to customary conditions and approvals, including regulatory approvals.
Republican report on impeachment says Trump acted prudently and out of a ‘deepseated’ concern about corruption in Ukraine
A Republican report designed to counter Democrats’ impeachment case will argue that President Donald Trump’s hesitation to meet with Ukraine’s president and provide military aid to the country was “entirely prudent.”
The report, obtained by the Associated Press, disputes that Trump was laying out a “quid pro quo” with Ukraine when he asked the country’s president to investigate Democrats. It says Trump holds a “deepseated, genuine, and reasonable skepticism” of Ukraine due to its history of corruption.
The Republicans argue that Democrats are trying to impeach Trump because of his “outside the beltway” approach to diplomacy.
The GOP report is expected to be released Tuesday, the same day Democrats on the House intelligence committee will release their own report.
Read on: Trump administration releases $105 million in military aid to Lebanon after unexplained delay
Senior U.S. State Department official confirms release of Lebanon military aid
WASHINGTON (Reuters) – The United States has released military aid to Lebanon, a senior State Department official confirmed on Monday.
Earlier on Monday, a congressional aide told Reuters the Trump administration had lifted a hold on security assistance to Lebanon, allowing for the release of $105 million. It was not immediately clear why the aid was blocked or released.
US STOCKS SNAPSHOT-US stocks retreat on economy and trade jitters
Dec 2 (Reuters) – Wall Street stepped back from last week’s record highs on Monday, with disappointing U.S. manufacturing data and fresh trade worries keeping buyers on the sidelines.
The Dow Jones Industrial Average fell 264.97 points, or 0.94%, to 27,786.44, the S&P 500 lost 26.84 points, or 0.85%, to 3,114.14 and the Nasdaq Composite dropped 97.48 points, or 1.12%, to 8,567.99. (Reporting by Stephen Culp)
Mother Ginger’s Little Helpers
#SpeakingInDance is a weekly visual exploration of dance on Instagram. Watch the video from our most recent post below, and follow us at @nytimes.
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“This is the most technically demanding children's role in the ballet," Dena Abergel said of the polichinelles in “George Balanchine’s The Nutcracker.” Here, students from the company’s affiliated @sab_nyc, assume their positions, and then dash out from beneath Mother Ginger’s skirt. “There’s a lot of maneuvering of the shapes, switching positions, mirroring and staying in line,” Dena, the children's ballet master of @nycballet, said. “It’s really like a whole corps de ballet vignette.” Aside from the dancing, there is the tricky issue of the skirt. Mother Ginger, played by a man, walks on stilts; underneath, the 8 polichinelles perform choreography that is invisible to the audience, but just as intricate. “There’s this person who’s much older than you on these big stilts and in this huge skirt,” Caroline Tablada, 11, said. “And, like, these tiny kids are under there!” Does it make them nervous? “Yes,” Louise Kulson, also 11, said. “You could easily get stepped on.” But it’s all worth it. “The Nutcracker,” at City Ballet beginning Friday, is what “makes Christmas Christmas!” Louise joyfully pointed out to the #nytimes dance critic @giadk, @angelo_vasta made this video for #SpeakingInDance, our weekly series exploring the world of #dance.
Trump administration threatens 100% tariffs on $2.4 billion in French goods
The Trump administration said late Monday it is considering imposing tariffs up to 100% on around $2.4 billion of French goods in retaliation for France’s new tax on digital services. In a statement, the U.S. Trade Representative’s office said the French law "discriminates against U.S. companies" including Alphabet’s GOOGL, -1.17% Google, Apple Inc. AAPL, -1.16% , Facebook Inc. FB, -0.96% , and Amazon.com Inc. AMZN, -1.07% . "The USTR is focused on countering the growing protectionism of EU member states, which unfairly targets U.S. companies," Trade Representative Robert Lighthizer said in a statement, adding that Austria, Italy and Turkey could also be subject to retaliation for their digital services taxes. The USTR said it is seeking public comment and will hold a public hearing in early January regarding the proposed action.
Coupa Software Incorporated Q3 adjusted earnings Beat Estimates
Below are the earnings highlights for Coupa Software Incorporated (COUP):
-Earnings: -$26.32 million in Q3 vs. -$9.65 million in the same period last year.
-EPS: -$0.42 in Q3 vs. -$0.17 in the same period last year.
-Excluding items, Coupa Software Incorporated reported adjusted earnings of $14.16 million or $0.20 per share for the period.
-Analysts projected $0.06 per share
-Revenue: $101.78 million in Q3 vs. $67.46 million in the same period last year.
Next quarter EPS guidance: $0.03 – $0.06
Next quarter revenue guidance: $101.5 – $102.5 Mln
Full year EPS guidance: $0.34 – $0.37
Full year revenue guidance: $379.8 – $380.8 Mln
European Economics Preview: German Consumer Confidence Data Due
Consumer confidence survey data from Germany is due on Tuesday, headlining a light day for the European economic news.
At 1.00 am ET, Statistics Finland releases October unemployment data. The jobless rate had declined to 5.9 percent in September from 6.1 percent in August.
At 2.00 am ET, the market research group Gfk is slated to release German consumer sentiment survey results for December. The forward-looking index is forecast to remain unchanged at 9.6.
In the meantime, Denmark’s retail sales data is due.
At 3.30 am ET, Statistics Sweden is scheduled to issue producer prices for October. Producer prices had increased 0.3 percent on year in September.
At 4.30 am ET, mortgage approvals figures are due from the UK Finance.
B.C. Lions announce former Redblacks coach Rick Campbell as new head coach
VANCOUVER – The B.C Lions have named Rick Campbell as their new head coach.
Campbell spent the last six seasons as coach of the Ottawa Redblacks, overseeing the club’s transition from a 2-16 expansion team in 2014 to Grey Cup champion in 2016.