Business

The Associated Press reports: Kellogg Co., the maker of Frosted Flakes, Rice Krispies and Eggo, will split into three companies focused on cereals, snacks and plant-based foods. Kellogg’s, which also owns MorningStar Farms, the plant-based food maker, said Tuesday that the spinoff of the yet-to-be-named cereal and plant-based foods companies should be completed by the end of next year. Kellogg’s …

Bloomberg News reports: Tesla Inc. Chief Executive Officer Elon Musk said he’s undecided about who he’d support in the 2024 presidential election when asked specifically if he’d back former president Donald Trump. “I think I’m undecided at this point about that election,” Musk said in an interview with Bloomberg News. The world’s richest man also said he’s willing to put …

Reuters reports: Elon Musk’s transgender daughter has filed a request to change her name in accordance with her new gender identity and because “I no longer live with or wish to be related to my biological father in any way, shape or form.” The petition for both a name change and a new birth certificate reflecting her new gender identity …

Vice News reports: Supermarket workers at stores in the Czech Republic were shocked to find a record haul of cocaine hidden among crates of bananas from Central America. Police said in total staff found 840kg of cocaine wrapped in green packages stuffed in banana crates sent to supermarkets in the towns of Jicin and Rychnov nad Kneznou in the north …

NBC News reports: Thousands of flights wound up cancelled and delayed during the Juneteenth and Father’s Day holiday weekend, which included the busiest air travel day of the year on Friday, according to the TSA. More than 6,300 flights were delayed within, into or leaving the U.S. on Saturday, and 859 flights were cancelled, according to the flight tracking platform …

The Associated Press reports: The day after Transportation Secretary Pete Buttigieg met with airline leaders to quiz them about widespread flight disruptions, his own flight was canceled and he wound up driving from Washington to New York. “That is happening to a lot of people, and that is exactly why we are paying close attention here to what can be …

The Washington Post reports: Apple workers in the Baltimore area voted to join a union Saturday, becoming the first of the tech giant’s U.S. retail stores to do so. The vote means workers at the Towson, Md., store plan to join the International Association of Machinists and Aerospace Workers (IAM) once a contract is ratified. Saturday evening’s initial tally was …

USA Today reports: For a third day in a row, travelers across the country are facing high numbers of flight delays and cancellations. As of noon ET on Saturday, more than 2,030 U.S. flights were delayed and almost 690 U.S. flights were cancelled, according to FlightAware, which tracks flights in real time. Friday reported a whopping total of over 8,900 …

USA Today reports: More than 1,000 U.S. flights are canceled as of noon on the East Coast Friday with over 2,000 more posting delays. New York area airports account for nearly a third of cancellations so far, according to FlightAware, which tracks flights in real time. The headaches come on the heels of one of the worst days yet for …

The Hill reports: A cryptocurrency investor has sued Elon Musk for $258 billion, saying the Tesla co-founder ran a pyramid scheme via Dogecoin. The lawsuit filed by plaintiff Keith Johnson in New York, has accused Musk and his companies, Tesla and Space X, of running a “pyramid scheme” to inflate the price of the cryptocurrency. The lawsuit added that, “Defendants …

The New York Times reports: SpaceX, the private rocket company, on Thursday fired employees who helped write and distribute an open letter criticizing the behavior of chief executive Elon Musk, said three employees with knowledge of the situation. Some SpaceX employees began circulating the letter, which denounced Mr. Musk’s activity on Twitter, on Wednesday. The letter called the billionaire’s public …

NBC New York reports: The New York City Sheriff’s office seized at least a dozen trucks operating for Weed World Candies, which may or may not be shopping more than CBD products, for outstanding parking tickets totaling a half-million dollars. Twelve trucks were towed from the area of 45th Street and 12th Avenue in Manhattan and officials said more were …

Reuters reports: Revlon Inc has filed for bankruptcy after the U.S cosmetics firm buckled under debts it built up in a bid to compete with online-focused upstarts. Known for its nail polishes and lipsticks, the 90-year-old company listed assets and liabilities of between $1 billion and $10 billion in a court filing on Wednesday. Revlon has in recent years lost …

The Verge reports: An open letter to SpaceX decrying CEO Elon Musk’s recent behavior has sparked open discussion among the company’s employees in an internal chat system. Employees are being encouraged to sign onto the letter’s suggestions, either publicly or anonymously, with a signed version of the letter to be delivered to the desk of SpaceX president Gwynne Shotwell. The …

Reuters reports: IKEA said on Wednesday it would sell factories, close offices and reduce its nearly 28,000-strong workforce in Russia, the latest move by the world’s biggest furniture brand to cut its operations there following Moscow’s invasion of Ukraine. The move comes after IKEA temporarily closed stores and paused sourcing in Russia, joining a mass corporate exodus as Western companies …

People Magazine reports: After first announcing the decision last year, Microsoft will shut down Internet Explorer on Wednesday. The move comes about 27 years after the company first debuted the browser. Starting Wednesday, most people who try to open the application will be directed to Microsoft Edge — the company’s newer browser. Although the browser is nowhere near as popular …

Ad Age reports: Last week, Burger King Austria caused a stir on social media with its “Pride Whopper” campaign that didn’t quite land as intended with the LGBTQ+ community. The agency behind it, Jung von Matt Donau, has apologized. “The intended message of the ‘Pride Whopper’ was to spread equal love and equal rights,” the Austrian outpost of Germany-based Jung …

Business Insider reports: Twitter CEO Parag Agrawal told workers on Monday that the company will be hosting another all hands meeting, this time with a guest speaker fielding questions: Elon Musk. In a brief email viewed by Insider, Agrawal said the virtual meeting with Musk will take place Thursday. Twitter workers will be able to submit questions for him to …

CNBC reports: Bitcoin tumbled below $23,000 on Monday, hitting its lowest level since December 2020, as investors dump crypto amid a broader sell-off in risk assets. Meanwhile, a crypto lending company called Celsius has paused withdrawals for its customers, sparking fears of contagion into the broader market. Over the weekend and into Monday morning, more than $200 billion had been …

Reuters reports: It might look and smell like McDonald’s but now it’s Vkusno & tochka. The golden arches are gone, the Filet-O-Fish is simply a fish burger. The Big Mac has left Russia. A new era for Russia’s fast-food and economic scene dawned on Sunday, as McDonald’s restaurants flung open their doors in Moscow under new Russian ownership and with …