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 Breakfast cereal cafe set to open in New York. Will Millennials care?; Kellogg's will open a new cafe in Times Square on July 4, serving only cold breakfast cereal. Will people actually pay $6 a bowl?
The Christian Science Monitor, June 29, 2016 Wednesday

 Fruit Loops with lime zest and marshmallows. Frosted Flakes with pistachio and lemon. Honey Smacks with toasted pecans and banana chips. As times get leaner for cereal companies, Kellogg's is trying to bring the beleaguered breakfast food back into style. On July 4, the company's first-ever restaurant will open its doors in Times Square, in hopes that a little rebranding of the classic breakfast food can jumpstart waning sales, reported the Wall Street Journal on Tuesday. In contrast with the...
 Volkswagen's U.S. diesel emissions settlement to cost $15 bln -source
St. Louis Post-Dispatch (Missouri), June 28, 2016 Tuesday

 WASHINGTON - Volkswagen AG's settlement with nearly 500,000 U.S. diesel owners and government regulators over polluting vehicles is valued at more than $15 billion cash, a source briefed on the matter said on Monday.
 Stocks fall again due to UK vote uncertainty
St. Louis Post-Dispatch (Missouri), June 28, 2016 Tuesday

 Investor jitters over the economic fallout of Britain's vote to leave the European Union sent U.S. stocks sharply lower Monday. The latest slump followed another rough day for European markets and a further weakening of the euro and British pound, which fell to a low around $1.3120 on Monday, its lowest level since mid-1985.
 CEO: Time to get Spirit back on time; 6 months into job, chief focused on airline's reliability
Chicago Tribune, June 29, 2016 Wednesday

 Spirit Airlines is the carrier that leads the pack when it comes to customer gripes. With that in mind, its new boss is trying to repair one crucial aspect of the business: getting to your destination on time. Spirit operated only 68 percent of its flights on time for the 12 months ended April 2016, as defined by the U.S. metric of a flight that gets to the gate within 14 minutes of scheduled arrival. Chief Executive Officer Bob Fornaro says he's been focused on reliability since his first day...
 Infinity Pharmaceuticals to slash 100 from staff; 65 remaining workers will get retention bonuses — including nearly $1m for executives
The Boston Globe, June 29, 2016 Wednesday

 Infinity Pharmaceuticals Inc. said Tuesday it will cut 100 jobs and give retention bonuses to remaining employees — including a total of almost $1 million to four top executives — in a bid to continue developing its experimental treatment for blood cancers. The Cambridge company made the moves after drug maker AbbVie Inc. terminated a partnership that was helping fund development of Infinity's drug candidate, called duvelisib.
 Wall St. Rises After Economic and Housing News
The New York Times, June 29, 2016 Wednesday

 U.S. stock indexes mounted a comeback Tuesday as investors seemed to set aside anxiety over Britain's vote to leave the European Union after a two-day rout. Encouraging data on the U.S. economy and housing market helped put traders in a buying mood. The rally followed even bigger gains in Europe.   Oil and gas companies led the rally as energy prices rose. Banks and other financial companies, which took the heaviest losses in the sell-off, also surged. Health care, consumer and technology...
 Amazon's new push: teaching resources
The Seattle Times, June 28, 2016 Tuesday

 Amazon.com has launched a service designed to make it easier for teachers to find digital classroom resources and share their findings with others. On Monday, the Seattle company announced Amazon Inspire, a search service that lets teachers filter through tens of thousands of lesson plans, supplements, videos and other materials in an instant.
 Katzenberg is sued over Comcast merger plan; The DreamWorks Animation CEO struck a lucrative side deal, the lawsuit says.
Los Angeles Times, June 29, 2016 Wednesday

 A DreamWorks Animation shareholder has filed a class-action lawsuit against Chief Executive Jeffrey Katzenberg, alleging that the mogul struck a lucrative side deal with Comcast Corp. that benefits him but not rank-and-file investors in his company.
 MARKET ROUNDUP; Stocks rebound as 'Brexit' fear eases
Los Angeles Times, June 29, 2016 Wednesday

 U.S. stock indexes mounted a broad comeback Tuesday as investors set aside their anxiety over Britain's vote to leave the European Union and snapped up shares after a two-day rout.
 Home prices rise in April; 7 cities reach new highs; U.S. housing values are just 9.6% below their peak, S&P/Case- Shiller index shows.
Los Angeles Times, June 29, 2016 Wednesday

 U.S. home prices climbed to new heights in April, with seven cities -- including San Francisco -- setting record highs. The Standard & Poor's/Case-Shiller 20-city home price index increased 5.4% in April compared with a year earlier, just a tick down from the 5.5% year-over-year gain in March.
 Tesla and Sheetz in talks to add charging stations
The Washington Post, June 29, 2016 Wednesday

 MOVE WOULD EXPAND ELECTRIC CAR'S RANGEConvenience-store chain has hundreds of outlets One of the biggest problems for electric cars is encouraging their adoption among drivers who may be skeptical about refueling. What if they run out of battery and there isn't a charging station for miles around? This could be an issue for long-haul trips. To help address that problem, Tesla is in talks with a major gas station and convenience-store chain that could vastly expand the electric vehicle (EV)...
 Volkswagen's $15.3 billion settlement is 'historic'
The Washington Post, June 29, 2016 Wednesday

 U.S. regulators criticize automaker over scandal tied to diesel emissions Federal regulators blasted German automaker Volkswagen on Tuesday after announcing the company will pay up to $15.3 billion to settle its emissions scandal, the biggest payout by an automaker in U.S. history. Calling the deal "unprecedented" and "historic," Environmental Protection Agency Administrator Gina McCarthy warned car manufacturers that her department will continue to investigate companies suspected of breaking...
 EMPLOYMENT; IntelliSource to lay off 235 who work at Zulily;
The Columbus Dispatch (Ohio), June 28, 2016 Tuesday

 Outsourcing company IntelliSource will lay off 235 employees during the next few months and eliminate its presence at the Zulily Fulfillment Center at 3051 Creekside Parkway in Lockbourne.
 Ailing Chipotle out to rebuild loyalty; Program to reward -- and collect data on -- Mexican chain's best customers
Chicago Tribune, June 28, 2016 Tuesday

 Chipotle is launching a loyalty program that rewards repeat customers in an effort to get more diners back in the door after food safety scares dramatically drove down sales. The program, dubbed Chiptopia, starts Friday and lasts only through the summer. It rewards customers based on the number of times they visit Chipotle. There are three levels of rewards: Mild, Medium and Hot. For four visits within a given month, customers will earn "Mild" status and a free burrito, bowl, salad or tacos....
 Uber partners with Hertz to expand car rental program
Chicago Tribune, June 28, 2016 Tuesday

 Uber Technologies has partnered with rental car company Hertz to offer short-term auto rentals to ride-sharing drivers -- a move intended to court new drivers and keep current ones on the road.
 Diet Pepsi with aspartame returning to shelves in US
The Boston Globe, June 28, 2016 Tuesday

 SODA Diet Pepsi with aspartame makes a comeback Diet Pepsi made with aspartame is returning to shelves in the United States after PepsiCo saw sales plummet following its reformulation of the drink last summer to remove the artificial sweetener. PepsiCo says it will offer "Diet Pepsi Classic Sweetener Blend" made with aspartame starting in September, in 12-ounce cans, 2-liter bottles, and 20-ounce bottles. The move is intended to appease fans who don't like the taste of the reformulated drink,...
 Tech Makes Its Pitch to the Education Community
The New York Times, June 28, 2016 Tuesday

 For years, Apple and Dell battled over sales to students and schools. Apple was arguably the first tech company to make significant sales to the education market (not including those IBM and Hewlett-Packard mainframes used in engineering departments), thanks to computers that were far easier to use than early Windows PCs. But as Apple stumbled in the 1990s and Windows improved, Dell's Windows PCs grabbed a significant share.
 BUSINESS BEAT; Viacom CEO urges fast-tracked trial
Los Angeles Times, June 28, 2016 Tuesday

 Lawyers for Viacom Chief Executive Philippe Dauman on Monday pressed a Massachusetts court to fast-track a trial over his removal from the trust that will control the company.
 Wal-Mart seeks success in China by going native
Los Angeles Times, June 28, 2016 Tuesday

 Zhong Guoyan sifted through piles of fish at a Wal-Mart store in Shenzhen, one of China's largest cities. She studied the fins to be sure they were bright red and firm. She peered at the eyeballs -- were they bulging? "When I come here, I have a look," she said. "If it's good, then I will buy it. If it's only cheap, I won't buy
 Volkswagen Faces a Long Legal Road
The New York Times, June 27, 2016 Monday

 Even as the warring parties in Volkswagen's emissions cheating scandal prepare to offer a peace proposal this week, the German automaker's travails are far from over. Taking shape after months of negotiations is a broad settlement agreement, expected to exceed $10 billion, involving Volkswagen, the federal government and a half-million car owners. The provisions are expected to offer those owners some financial compensation in addition to fixing or buying back their vehicles.   The deal, set...
 With Its Own Inside Agency, Intel Tells Stories That Go Beyond Chips
The New York Times, June 27, 2016 Monday

 MAYBE you associate Intel with the processor that makes your laptop work. On one hand, that's a triumph of branding: For a slogan from a company that doesn't actually sell directly to consumers, ''Intel Inside'' is a familiar idea. On the other hand, it's a potential problem. Years after the peak of the so-called Wintel era -- when PCs with Windows operating systems and Intel chips dominated -- Intel considers itself as a much more diversified technology creator and wants consumers to see it...
 Cablevision's New Owner Talks About Goals for the Future
The New York Times, June 27, 2016 Monday

 WASHINGTON -- The European telecom operator Altice completed its $17.7 billion deal for Cablevision on Tuesday, its second major acquisition in a year and a step toward its goal of becoming a leading cable and broadband internet provider in the United States. After its purchase of Cablevision, which includes Newsday and a television station, the Altice subsidiary Altice U.S.A. will have 4.6 million broadband and cable television subscribers, making it the fourth-largest cable and broadband...
 Brexit raises questions for global tech industry
The Washington Post, June 27, 2016 Monday

 The British vote to leave the European Union has raised many questions for the global technology industry. In Britain, a majority of tech firms were against leaving the E.U. A technology industry group survey found that 87 percent of British technology firms wanted to stay in the European Union and that 70 percent of them worried a vote to leave would damage London's reputation as a technology hub. Global companies with offices in Britain, such as Microsoft, also campaigned against the...
 Genetic pesticide: Monsanto, startups seek alternatives to manage bugs and weeds
St. Louis Post-Dispatch (Missouri), June 26, 2016 Sunday

 If not treated, the invasive varroa mite will almost certainly show up in a honeybee hive, latching on to the pollinators, feeding off their internal fluids and threatening to weaken the colony to the point of collapse. Western bees never evolved defenses to the Asian parasite, brought to North America about 30 years ago. Many of the existing treatments are mite-targeting pesticides that can damage the bees or their honey. It's a problem Monsanto scientists think they can help solve by...
 Craft brewers eye merger of A-B InBev and SABMiller warily
St. Louis Post-Dispatch (Missouri), June 26, 2016 Sunday

 As the combination of the world's two biggest beermakers moves closer to completion, craft brewers remain worried about the implications of competing against an even larger rival. The merger of Anheuser-Busch InBev and SABMiller, announced last fall, has already gained antitrust approval from the European Union, Australia and other countries. Regulatory approval in the United States is drawing near, according to Reuters. If the sale is finalized, Belgium-based A-B InBev would control about 29...
    

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