Saturday, 26 May, 2018

Venezuela Seizes Kellogg Cereal Plant After Company Announces Pullout

Security personnel uses a monocular while Venezuela's President Nicolas Maduro delivers his speech to supporters during a campaign rally in Charallave Kellogg's exits Venezuela over social and economic 'deterioration'
Steven Clarke | 17 May, 2018, 04:23

Venezuelan authorities said they were handing a Kellogg Co plant to workers and reactivating production at the factory on Wednesday, a day after the USA cereal producer pulled out of the crisis-hit country.

Workers arriving Tuesday for the early shift at Kellogg's factory in the central city of Maracay were surprised to find a notice taped to an iron gate informing them that the company had been forced to shutter its operations in the country. "We've begun judicial proceedings against the business leaders of Kellogg's because their exit is unconstitutional", President Maduro said in front of a crowd of cheering supporters in the central state of Carabobo.

Maduro claims the U.S.is conducting an "economic war" against Venezuela.

Kellogg k said Tuesday it will discontinue operations in Venezuela immediately, blaming the country's "economic and social deterioration", the company said in an emailed statement.

Ford to restart F-150 production after key supplier fire
The vehicle generated $41 billion in revenue previous year , about 28 percent of total sales and the lion's share of Ford's profits.

While the move is not expected to worsen food shortages in the country, Kellogg's is the most popular and easily accessible cereal for citizens in the country, according to Reuters. Maduro's government also stops companies from raising prices to keep up with hyperinflation, sometimes forcing companies to sell below the cost of production.

In leaving Venezuela, Kellogg joined such companies as Clorox, Kimberly-Clark, General Mills, General Motors, and Harvest Natural Resources. "Operations halted due to lack of raw materials, the government took it over, and now it's paralysed...."

Corn Flakes may be even scarcer in Caracas. All its contractual obligations have been settled with employees, suppliers and customers, the company said, while the license agreement for the use of its brands and characters in Venezuela has been terminated.

Recommended

  • Mackay Shields LLC Invests $3.64 Million in Digital Realty (DLR)

    Mackay Shields LLC Invests $3.64 Million in Digital Realty (DLR)

    Lexington Realty Trust (LXP) has been given an average price target of $8.59 from analysts, according to data collected by Finviz. The firm is primarily engaged in ownership, operation, development, and redevelopment of properties.now it has negative earnings.
    Coinbase Announces New Products and Chicago Office to Serve Institutions Better

    Coinbase Announces New Products and Chicago Office to Serve Institutions Better

    Coinbase claims that more than 100 hedge funds announced plans to trade/invest in cryptocurrency in the last few months alone. Note that individual investors should use Coinbase's trading platform GDAX; Prime is for institutions and professionals only.
    The Crew 2 Beta Dates Announced For PS4, Xbox One, And PC

    The Crew 2 Beta Dates Announced For PS4, Xbox One, And PC

    Players chosen to participate in the closed beta will be able to invite up to three friends to join them in-game. Pre-loading will begin on May 29 for all players that qualify, so you can be ready to go once the beta starts.
  • Argentina apologise for World Cup guide to flirting with Russian women

    Argentina apologise for World Cup guide to flirting with Russian women

    Maybe they want it too, but they are people who want to feel important and unique. Don't ask the same old questions, be original ". It continued: "They like men with initiative.
    Blame Hamas For Gaza Bloodshed

    Blame Hamas For Gaza Bloodshed

    Addressing the opening ceremony of the new American Embassy in Jerusalem, Benjamin Netanyahu called it a "glorious" day. Israeli forces have used tear gas against the demonstrators and there have also been reports of sniper fire .
    Ronda Rousey eager for WWE title, baby 'someday soon'

    Ronda Rousey eager for WWE title, baby 'someday soon'

    But now that she's been married to Travis Browne for nearly a year, it's clear procreation's on the brain. As a result, it makes sense for Rousey to get a few more matches under her belt before then.
  • Cespedes Placed on 10-Day DL, Evans Recalled

    Cespedes Placed on 10-Day DL, Evans Recalled

    Through the opening 21 games of the year, Cespedes batted just.195 with five home runs, 21 RBI and 39 strikeouts. His preparation and the way he went about his business is definitely not the reason this happened.
    Deadpool 2 Review: 8 Ups & 3 Downs

    Deadpool 2 Review: 8 Ups & 3 Downs

    This sequel is filled with references to comic book superheroes and pop culture in general that will make you choke in your seats. All three actors tick the necessary boxes and we move on to see what Deadpool does next.
    'Fortnite' Season 4, Week 3 Challenges Guide

    'Fortnite' Season 4, Week 3 Challenges Guide

    In case you need help with challenges for previous weeks, we have guides for Week 2 and Week 1 as well. These are pretty simple, usually they're about going to a location hinted at in the challenge itself.
  • Buys 646 Shares of JPMorgan Chase (NYSE:JPM)

    Since January 13, 2018, it had 2 insider purchases, and 8 insider sales for $20.12 million activity. 7,280 JPMorgan Chase & Co. Thomson Horstmann & Bryant Inc holds 0.61% of its portfolio in Citizens Community Bancorp, Inc. for 341,568 shares.
    Fuming Pliskova bashes umpire's chair

    Fuming Pliskova bashes umpire's chair

    Pliskova put away a simple smash which seemed to land on the line to give her a point to lead 6-5. Pliskova duly lost the game to go 6-5 down, and Sakkari served out to win 7-5 in the third set.
    Tiger commits to Nicklaus' Memorial tourney

    Tiger commits to Nicklaus' Memorial tourney

    Get prep sports breaking news alerts from the Gwinnett Daily Post staff delivered to your email. He's won the tournament five times (1999-2001, 2009 and 2012).

Walmart introducing online sales of Lord & Taylor luxury items Walmart introducing online sales of Lord & Taylor luxury items A separate tab will house Walmart's Everyday Brands, which will be "part of Walmart.com's broader fashion destination". Like many other USA department stores, Lord & Taylor is trying to cut physical costs while expanding online revenue.

Only Hours Left For Voters To Cast Their Primary Ballots Only Hours Left For Voters To Cast Their Primary Ballots Voters at a Primary Election vote by official ballot to nominate their party's candidates for federal, state, and county offices. That year saw 12,188 Democrats, 5,479 Republicans and no Libertarians, as the third party was not certified for the primary.

Bail for Fairfield Mom Accused of Abuse Set at $495k Bail for Fairfield Mom Accused of Abuse Set at $495k Neighbors said the grandmother is very loving, taking the children to school and on errands since both parents are in jail. Peggy Allen, the mother of Jonathan Allen, said she had talked to Rogers about the importance of keeping a clean house.

The teaser of MANTO is gripping and Nawaz steals the show! The teaser of MANTO is gripping and Nawaz steals the show! The film stars Nawazuddin Siddiqui, Tahir Raj Bhasin , Rasika Dugal , Feryna Wazheir, Rajshri Deshpande and Purab Kohli. For youth, it is extremely inspirational to see someone like him.

Liam Payne: 'One Direction's superstardom almost killed me' Liam Payne: 'One Direction's superstardom almost  killed me' He claimed, "I've got a good mix of handsome people on my album, which is amazing" and now we just wanna see the tracklist ASAP! She said: "Whatever colour blush I use on my cheeks, I will also use on my eyelids".

NDMC ranked cleanest city in Survekshan survey 2018 NDMC ranked cleanest city in Survekshan survey 2018 He further said, "79% of the respondents from 4,203 cities and town have reported a definite improvement in cleanliness". I am not surprised at the results.

Kirstjen Nielsen Denies She Threatened To Resign After Trump Scolding Kirstjen Nielsen Denies She Threatened To Resign After Trump Scolding Asked why she is separating families, Nielsen said her decision "has been that anyone who breaks the law will be prosecuted". Rather, Nielsen said, if a person crosses the border illegally: "We will refer you for prosecution.

'Call me Equinor': Statoil changes name 'Call me Equinor': Statoil changes name And while Statoil is working to develop and grow its own renewable energy areas, the name Statoil could make some potential employees think that's not the case.

Connected Aircraft Market by Manufacturers and Sales 2017 to 2022 Connected Aircraft Market by Manufacturers and Sales 2017 to 2022 The present and historical market data justifies both, the existing market condition assessment and the forecast. And development policies and plans are discussed as well as manufacturing processes and cost structures.

Incumbents have their way in Nebraska's primary Incumbents have their way in Nebraska's primary Ashford had the backing of national Democratic leaders, including his former colleagues in Congress who donated to his campaign. First District Republican Congressman Don Bacon will face Democratic primary victor Kara Eastman in the general election.

Pink takes down Twitter troll who says she looks 'so old' Pink takes down Twitter troll who says she looks 'so old' Pink , who is no stranger to the concept of trolls or sticking up for herself, shot down that nonsense as soon as she saw it. I'll call it "the wrinkles and rolls tour",' she wrote for the benefit of her 33.1million followers.

Stephen Colbert Had Strong Words About 'Javanka' at the Jerusalem Embassy Opening Stephen Colbert Had Strong Words About 'Javanka' at the Jerusalem Embassy Opening And Late Show host Stephen Colbert couldn't let the occasion pass without marking it with some searing humor. After a violent day of protests along the Gaza border fence that coincided with the opening of the U.S.

Milwaukee Bucks Hire Mike Budenholzer As New Head Coach Milwaukee Bucks Hire Mike Budenholzer As New Head Coach Having built teams separately centered around success on both ends of the court, Budenholzer is an intriguing fit for the Bucks. Before becoming a head coach with the Hawks , Budenholzer was an assistant coach for the San Antonio Spurs for 17 years.

Arrested Development season 5 will be split into 2 parts on Netflix Arrested Development season 5 will be split into 2 parts on Netflix Jane Krakowski and Tituss Burgess are returning, along with guest stars Jon Hamm , Greg Kinnear , Busy Philipps, and more. In all honesty, the show feels as if it's run its course, which is probably why season 4 will be the final season.

EPL: Gary Neville reveals how Man United can win title next season EPL: Gary Neville reveals how Man United can win title next season That is, for sure, the best way to describe Michael in just one word. I look forward to working with him and learning from him. Faria will depart at the end of the season.