Bad news for General Mills: People splurge on pet food but not snacks for themselves

**This image is for use with this specific article only** General Mills, the owner of supermarket staples Cheerios, Haagen-Dazs ice cream and Progresso soup, said Wednesday that its latest earnings topped forecasts – largely because of higher prices.

Americans are splurging on food for their cats and dogs — but not snacks for them and their kids. That’s not great news for General Mills.

Shares of General Mills, the owner of Cheerios, Lucky Charms and Yoplait, fell 7% in early trading Wednesday after the company reported its latest quarterly results. That made General Mills the worst performing stock in the S&P 500.

Sales missed forecasts, despite soaring demand for the company’s Blue Buffalo pet food.

The weaker-than-expected revenue was largely because of a 2% drop in sales in its North American retail unit, the division that includes Annie’s branded cheddar bunnies, Chex, Fruit Snacks and the Fiber One and Nature Valley brands of bars.

General Mills said sales of other supermarket staples, such as cereal, yogurt and baked goods, held steady in the quarter. But that wasn’t enough to offset the weakness in snacks.

‘Out of step’ with current food trends

The company’s Fiber One bars “fell out of step” with current weight loss and diet trends in the United States, said CEO Jeffrey Harmening during a conference call with analysts.

“We need to get snacks back on track,” added Chief Financial Officer Donal Mulligan, who said the company will ramp up its R&D spending on new products.

“You’ll see us invest behind some really good ideas on bars and snacks,” Mulligan said.

The good news for General Mills is sales for the company’s Blue Buffalo pet products division is booming, surging 38% from a year ago. Operating profits soared 82% as well.

General Mills bought Blue Buffalo in 2018 for $8 billion, a move that seems to be paying off. The strong stock market debut for online pet supplies retailer Chewy earlier this month is another sign of how Americans love to pamper their pooches and kitties.

But big food companies in general have been squeezed lately. A shift in consumer tastes have hurt many of the bigger companies, as more people are eating and drinking healthier food and drinks.

The increased clout of Amazon, Walmart and Target in the grocery business is also a problem for General Mills and its rivals. These mega-retailers have pushed the food companies to keep prices low, which hurt profit margins.

Shares of several other food companies were tumbling Wednesday along with General Mills. Smucker, Kellogg, McCormick, Campbell Soup and Hershey were among the bigger losers in the S&P 500.

Kraft Heinz, which is backed by Warren Buffett’s Berkshire Hathaway, was down slightly too.

Kraft Heinz is one of the worst performing stocks of the year, plunging nearly 30% due to concerns about weak demand for its macaroni and cheese and Oscar Mayer cold cuts.

Ariana Grande, Miley Cyrus and Lana Del Rey team up for ‘Charlie’s Angels’ theme song

Miley Cyrus attends the ‘A Very Murray Christmas’ New York Premiere at Paris Theater on December 2, 2015 in New York City. (Photo by Jemal Countess/Getty Images)

Talk about the ultimate trio.

Music powerhouses Miley Cyrus, Ariana Grande and Lana Del Rey are voices behind the upcoming theme song for the “Charlie’s Angels” reboot.

The best part is that you don’t have to wait long, the song will drop on Thursday.

Grande posted “trailer tomorrow” on her Instagram page.

Cyrus shared the same short clip of the “Charlie’s Angels” logo with the caption, “WE ARE COMING!”

Rey did not flag the project on social media but was tagged in all the posts.

Related: Charlie has a new team of ‘Angels’

The upcoming film will star Ella Balinska, Naomi Scott and Kristen Stewart. Actress Elizabeth Banks is directing and producing the film with her company, Brownstone Productions.

The reboot of “Charlie’s Angels” will be based on the popular TV series that originally starred Kate Jackson, Farrah Fawcett and Jaclyn Smith as Los Angeles crime fighters.

The show later starred Cheryl Ladd, Shelley Hack and Tanya Roberts.

A previous movie adaptation of “Charlie’s Angels” released in 2000, followed by a sequel in 2003.

Ikea wants to build homes in Britain that cost what the buyer can pay

Ikea conquered the world with inexpensive furniture. Now it’s turning its attention to affordable homes in Britain.

Worthing, a town in southern England, is considering a plan to work with developer BoKlok, a joint venture of Ikea and Swedish construction company Skanska.

The development would be BoKlok’s first in the United Kingdom since a previous project fell flat during the global financial crisis. The group, whose name is Swedish for “live smart,” has built more than 11,000 homes throughout Sweden, Finland and Norway.

By building homes in a factory and assembling them quickly, the project could demonstrate one way to ease acute housing shortages that help drive up prices until they’re out of reach for average earners. An innovative sales model that charges people based on what they can afford could spark further change in the market.

Housing in Britain

The proposal for Worthing, which will undergo a more rigorous financial analysis over the coming months, details an unusual model for affordable living.

BoKlok would build roughly 160 houses on land leased from the local council, with 30% of units earmarked for public housing, according to a plan posted online. The first homes could be occupied within two years.

The remainder would operate under BoKlok’s “Left to Live” payment model, where residents are charged only what they can afford after taxes and living expenses.

Payments — typically around a third of net monthly earnings — go toward a 25-year mortgage.

Local councilors said in a statement that the project would let Worthing rapidly build homes that meet standards for quality.

A spokesperson told CNN Business that BoKlok’s modular housing — or homes that are made of fitted sections that can be made off site — would be particularly helpful in Worthing, which has limited land. Three times as many homes could be built in the area compared to a traditional development approach, he said.

Construction would start in January 2021, according to the proposal. Residents would be able to start moving in as soon as April of that year.

BoKlok said in a statement that it can’t confirm any projects at this time, but it’s looking into potential sites in the United Kingdom, particularly in the southern and western parts of the country.

Ikea’s influence

The BoKlok approach to affordable and sustainable housing draws heavily on Ikea’s tried and tested methods.

“BoKlok was designed the IKEA way: large volumes, low prices,” according to a Skanska blog post from 2011. “Industrialized production and large volumes — in other words, repetition — cut prices and save time in planning.”

The venture also controls its entire supply chain, including land acquisition, factory production, site work, sales and marketing. That helps trim costs. Additionally, BoKlok relies on wood for the construction of homes, and doesn’t buy land unless it knows it can be developed shortly.

This efficiency has the potential to be lucrative. In 2017, BoKlok made up about half the homes Skanska sold in Sweden, and the company said the venture delivered “great” returns.

Solar eclipse will be visible in South America next week

Space fans in South America are preparing for a total solar eclipse on July 2, but if you’re not in the area you can still watch online.

During a total solar eclipse, the moon and the sun both appear to be about the same size from the ground.

According to NASA, this is a “celestial coincidence,” as the sun is about 400 times wider than the moon and about 400 times farther away.

However when the Earth, moon and sun line up just right, the moon blocks the sun’s entire surface, creating the total eclipse.

The umbral shadow — the area in which the sun will appear completely covered by the moon — will pass over the Pacific Ocean, Chile and Argentina, according to NASA.

Depending on where you are, the spectacle could last up to four minutes and three seconds, the space agency said.

The total solar eclipse will appear in the sky over the city of La Serena, Chile, at 4.38 p.m. ET and travel across the Andes mountain range before ending near Buenos Aires, Argentina, at 4.44 p.m. ET.

To see “totality,” in which the moon completely blocks the sun, you will need to be inside the narrow swath — about 70 miles wide — of the moon’s shadow.

Outside of this path, a partial solar eclipse will be visible in Argentina and Chile, as well as Ecuador, Peru, Bolivia, Paraguay, Uruguay and parts of Colombia, Brazil, Venezuela and Panama, according to NASA.

Experiencing a total solar eclipse where you live happens about once in 375 years, the agency said, and the continent of South America will get its next visible total solar eclipse on December 14, 2020.

Those who want to get the best view of the eclipse can join astronomer Glenn Schneider on a charter flight that will follow the path of the eclipse from a plane and thereby extend totality to around 8 or 9 minutes.

Schneider, an astronomer at the University of Arizona, plans to charter a plane from LATAM Airlines and observe the eclipse from above the clouds, according to a press release.

If you can’t get to South America, watch a live feed on the website of the European Southern Observatory, based in the Atacama Desert, Chile.

Utah man returns WWII veteran’s lost medals to family in California

ROY, Utah — The family of a World War II soldier has been identified after a Utah man’s nearly yearlong search.

Five medals, a war photo and a casket flag are being mailed from Roy, Utah to Thomas Doug Walker’s family in Ukiah, California.

After Jim Thorpe’s friend found the lot of Walker’s WWII regalia in the closet of an Ogden apartment, Thorpe set out to find the rightful owners.

“He was obviously someone special that did something to earn those medals,” Thorpe said. “It belongs with the family.”

Thorpe didn’t know where Walker lived or even which branch of the military he served. But he felt determined to reunite the symbols of Walker’s courage and character with his family.

“I can’t imagine this isn’t missed,” Thorpe said. “Somebody knows this is missing.”

Thorpe wasn’t sure he would ever find Walker’s family.

“It means something, you know,” Jim Thorpe said. “After so long, it got to the point I really didn’t know if we would ever find them.”

Now, the search is over.

“It’s just amazing how it all came together,” Bonnie Walker Marshall said.

A Facebook post about the medals reached Marshall in California. She immediately recognized her uncle Doug and confirmed it with a copy of the same photo in the window box.

“He was an exceptional, caring man,” Marshall said.

Marshall says her uncle served bravely in the Pacific, losing his eye during battle and earning the purple heart. The two-time widower never had children and died 12 years ago.

“It’s just an honor to have this back in the family,” Marshall said. “Through all that everyone did, it was a tremendous effort and it’s just wonderful.”

As for how the memorial got to Utah, Marshall can only speculate. But she’s happy they’re being sent to Walker’s youngest brother Dale.

“They’re excited, and I’m excited to send it. It’s been a long time coming,” Thorpe said.

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Ava DuVernay Invites Megan Rapinoe To Dinner After Her White House Visit Scoff

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Dems Move To Close Hatch Act Loopholes After Violations By Kellyanne Conway

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Yeni yazılım aksaklık

Boeing’in sorunlu 737 Max jet bulundu

Boeing 737 MAX uçakların kuyrukları King County Uluslararası Havaalanı bitişik Boeing tesisi, Boeing Alanı olarak bilinen, 31 Mayıs 2019 Seattle, Washington Park otururlar olarak görülüyor.

Yeni bir yazılım sorunu otomatik olarak uçağın burnunu itin ve kusur daha iki ölümcül kaza sonrasında, uçan uçağı geri gecikme için neredeyse kesin olduğunu tespit edebilecek sorunlu Boeing 737 Max bulundu.

Havacılık Dairesi “uçak üreticisi, sekiz aydır üzerinde çalıştığı, kısa bir süre önce kazadan beri yazılım değişiklik için ek bir gereksinimi belirlenen” Boeing Çarşamba söyledi.

“Boeing, FAA kararı ve isteği ile kabul eder, ve FAA isteği gidermek için gerekli yazılım üzerinde çalışıyor,” Boeing yaptığı açıklamada.

Uçuş simülatörü Boeing updated Max yazılımı denemek hükümet test pilotları geçen hafta aşağı yunuslama uçağın burnu neden olabilecek bir kusur buldum, madde ile tanıdık iki kişi için uygun. Hem Max çöküyor, uçağın uçuş kontrol yazılımı bir sensör hatalı ölçümlere göre burun aşağı itti.

İnsanların sorunu yazılım değişiklikleri uçağın uçuş kontrol sisteminde bir mikroişlemci değiştirerek veya başarılı olabileceğini tespit söyledi. Bir son aksilik ekstra bir ile üç ay hizmete uçak dönüş gecikme olasılığı olduğunu söyledi. Hem de gizli kalmak koşuluyla ortak olan inceleme süreci yönlerini tartışmak konuştu.

Açıklamada, Federal Havacılık İdaresi sadece güvenli jet gördüğü zaman hiçbir set zaman çizelgesi uçağın topraklama kaldırması söyledi.

“En son konuda, FAA işlem keşfetmek ve potansiyel riskleri vurgulamak için tasarlanmıştır. FAA son zamanlarda Boeing azaltmak gereken potansiyel bir risk bulundu,” ajansı dedi.

400’den daha az sayıda havayolu teslim olmasına rağmen Max 2017’de yolcu seferleri başladı ve Boeing’in en çok satan uçak. Ekim ayında Endonezya’nın Lion Air Max düşen bir uçakla, ve Etiyopya Hava Yolları bir Max Mart ayında düştü. Toplamda 346 kişi öldü. Gün ikinci kazadan sonra, dünya çapında regülatörleri uçak topraklanmış.

Boeing OSA burun aşağı itmek adı verilen uçuş kontrol yazılımı güç Ölçekleme geri döndü. Bunun yerine sadece bir özgün tasarım güvenerek her uçakta iki sensör için komut aşağı yazılımın burun bağlama vardır.

Eğitim pilotlar tür yeni yazılım tabanlı — ya bilgisayar ile ya da uçuş simülatörleri uçağı için neler hala belirsiz.

Bu arada, Max jets kendi bazı havayolları uçaklar yerde kalırken, çok sayıda uçuş iptal etmek zorunda.

Çarşamba günü, Amerikan Hava Yolları Eylül ayına kadar 14 Max uçaklarını planlanan geri geri itti. Southwest Airlines ve American Airlines zaten uçak havayolları umduğu en kısa sürede uçan gelmeyecek benzer duyurular — bir bildirim yapmıştı.

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David Koenig olabilir ulaştığı http://twitter.com/airlinewriter

İftira için Britney Spears’ın conservatorship dava blogger

Britney Spears’ın kişisel yaşam ve kariyer denetleyen LOS ANGELES (AP) — conservatorship pop yıldızı Çarşamba günü şarkıcı iradesi dışında kontrol ediliyor iddia eden “Ücretsiz Britney” hareketi, geri çağırmış karşı itmek için giderek daha agresif bir çaba adamış bir blog oluşturan dava açtı.

Web sitesi Mutlak Britney çalışan Anthony, Elia, yanlış sipariş conservatorship göründüğünden daha sorunlu ve yardıma muhtaç görünür olmasını Spears’ın İnstagram hesabı değiştirildi mahkeme mal olan Los Angeles’ta açılan dava iddia ediyor.

“’ İyi olma Britney Spears hakkında komplo teorileri ve durdurmak için mafya #FreeBritney hareketi,” dava açma hattında Devletleri.

Elia blog ve sosyal medya hesapları ve şarkıcı olacak ona karşı korumacı olarak görev yapan babası Jaime onun tarafından kontrol ediliyor halk protestolarına ve gizlice kendisini kurtarmak için yardım istiyor, o sosyal medyada ki hayranları “Ücretsiz Britney” fenomeni, bir grup önemli bir rol oynamıştır.

Elia “görevini Britney, conservatorship onu ve onun ekibi, Britney etrafındakiler ona zarar ve onun yararına hareket değil de dahil olmak üzere internet hakkında yanlış ve kötü niyetli yalanlarını yaymak için yaptı bu takım iddia ediyor.”

Blog ve Elia yorum isteyen bir e-posta aracılığıyla gönderilen mesaj hemen iade edilmedi.

İki hafta benzer nedenlerle conservatorship Spears’ın eski menajeri Sam Lutfi karşı beş yıllık bir yasaklama emri istedi ve aldı sonra takım geliyor. Spears ailesinin üyeleri başvurma ya da sosyal medyada aşağılayıcı mesajlar yazarak conservatorship sarsmak onu yasaklar.

Bir conservatorship, bazı eyaletlerde bir vesayet olarak bilinen, normalde ciddi dermansız olanlar için ayrılmıştır. Bir Mızrak için 11 yıl önce çok kamu Erime sırasında kurulmuş ve o zamandan beri muhafaza edilmiştir. Düzenleme giderek son aylarda bu konuda özellikle yüksek sesle büyüdü hayranları, saldırı altında geldi.

Spears conservatorship küçük bir açıklama sundu. Kendisinin isteği üzerine, mahkemede geçen ay nezaret eden yargıca hitap etti. Spears söylediklerini işitme kapatıldı ve net değil, ama yargıç Eylül ayında bir duruşma daha önce durumu bir mahkeme incelemesinden emretti.

Takım conservatorship Britney Spears’ İnstagram hesabı yönetmek için aradığını iddia eden Haziran 14 Mutlak Britney İnstagram bir yazı üzerinde duruluyor.

“Britney ekibi İnstagram ona yazı hakkında olumlu yorumlar siliniyor ve yardıma ihtiyacı yanılsama yetişmek için negatif olanlar gidiyor!” yazı yazıyor. “Bu bir insan hakları ihlali olmalı!!!!”

Takım “yanlış ve iftira çağıran sonrası,” büyük bloglar ve bazı medya kuruluşları tarafından ele alındı. Elia bu raporların bazıları paylaştı.

Takım sürekli konuyla ilgili bilgi yayılmasını Elia yasaklayan belirtilmemiş tazminat ve mahkeme kararı istiyor.

Spears’ hold on yıl boyunca kariyerine koydu.

Ocak ayında süresiz olarak ciddi bir ameliyattan sonra hastaneye yatan babası ile yapılması planlanan Las Vegas ikamet erteledi.

Kendine odaklanmak için zamana ihtiyacı olduğunu ve nisan ayında İnstagram bir yazı açıkladı.

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İzleyin AP Eğlence Yazar Andrew Dalton Twitter: https://twitter.com/andyjamesdalton .

Britney Spears’ın kişisel yaşam ve kariyer denetleyen