Wednesday, 28 Oct 2020

Germany unlikely to see second economic slump due to coronavirus – govt advisor

North Star Sweet & Salty Caramel Trail Mix Recalled For Undeclared Cashews

Flagstone Foods LLC is recalling certain North Star Sweet & Salty Caramel Trail Mix citing the possible presence of undeclared cashews, an allergen, the U.S. Food and Drug Administration announced in a statement.

The recall involves its 14-ounce, plastic stand-up resealable packages, marked with UPC Code 0- 80948-63064-4 and lot code # 05M04210 with an expiration date of 04/22/2021.

The affected packages were distributed in retail military exchanges across the nation.

The recall was initiated after it was discovered that the cashew-containing product was distributed in packaging that does not disclose the presence of cashews. The consumers who are allergic to cashews may get serious or life-threatening allergic reaction.

However, the Robersonville, NC- company has not received any reports of illnesses to date related to the recalled product.

Consumers are urged to return them to the place of purchase for a full refund.

In similar incidents, Fresh Express last week recalled a limited quantity of Southwest Chopped Kit, citing the presence of undeclared undeclared wheat, soy, cashews, and coconut.

Nestle USA, a division of Swiss food major Nestlé, in early June recalled certain Lean Cuisine Fettuccini Alfredo products for the presence of undeclared soy, a known allergen.

IHS Markit Ltd. Q2 adjusted earnings Beat Estimates

IHS Markit Ltd. (INFO) announced earnings for second quarter that fell from the same period last year.

The company’s bottom line totaled $71.7 million, or $0.18 per share. This compares with $149.8 million, or $0.37 per share, in last year’s second quarter.

Excluding items, IHS Markit Ltd. reported adjusted earnings of $227.6 million or $0.69 per share for the period.

Analysts had expected the company to earn $0.67 per share, according to figures compiled by Thomson Reuters. Analysts’ estimates typically exclude special items.

The company’s revenue for the quarter fell 9.6% to $1.03 billion from $1.14 billion last year.

IHS Markit Ltd. earnings at a glance:

-Earnings (Q2): $227.6 Mln. vs. $289.1 Mln. last year.
-EPS (Q2): $0.69 vs. $0.71 last year.
-Analysts Estimate: $0.67
-Revenue (Q2): $1.03 Bln vs. $1.14 Bln last year.

EARNINGS SUMMARY: Details of China Automotive Systems Inc Q1 Earnings Report

Below are the earnings highlights for China Automotive Systems Inc (CAAS):

-Earnings: $0.05 million in Q1 vs. $1.47 million in the same period last year.
-Analysts projected -$0.09 per share
-Revenue: $73.56 million in Q1 vs. $109.19 million in the same period last year.

-Guidance:
Full year revenue guidance: $360 Mln

Starbucks adds plant-based meat to US menu

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Starbucks is adding plant-based meat to its U.S. menu for the first time.

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The Seattle-based coffee chain said Tuesday that a breakfast sandwich made with imitation sausage from Redwood City, California-based Impossible Foods is now available at a majority of its U.S. restaurants. The sandwich comes with egg and cheese and is served on a ciabatta bun.

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Starbucks said earlier this year that it would add fake meat to its menus worldwide as part of an effort to reduce its environmental impact. The company has sold plant-based milk alternatives, such as soy milk and oat milk, in the U.S. and elsewhere. But the sausage is its first plant-based food item in the U.S.

BURGER KING BREAKFAST SANDWICH FEATURES IMPOSSIBLE PORK

In April, it began selling lasagna, pasta and wraps made with Beyond Meat crumbles in China. It also introduced a Beyond Meat breakfast sandwich in Canada in February. Beyond Meat, which is based in El Segundo, California, is Impossible Foods' chief competitor.

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Asked why it went with an Impossible Foods sausage for the U.S. over one from Beyond Meat, Starbucks said it works with a variety of suppliers around the globe.

MSNBC Supercut Exposes Donald Trump’s Go-To Defense Of His Outrageous Statements

President Donald Trump’s penchant for pretending he was “just kidding” after receiving backlash for an outrageous statement is laid bare in a damning new montage.

Trump asks Russia for help, encourages police brutality and ponders injecting disinfectant as a treatment for the coronavirus in the supercut that MSNBC’s “The Beat with Ari Melber” aired on Monday.

The video shows how, after garnering blowback over the comments, the president or his aides try to walk back them back as just a joke.

Check out the montage here:

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Germany unlikely to see second economic slump due to coronavirus – govt advisor

BERLIN, June 23 (Reuters) – The German economy is unlikely to face a second economic slump due to the coronavirus pandemic, the head of Germany’s council of economic advisors said on Tuesday.

Lars Feld, head of the panel that advises the government of Europe’s largest economy, also said he thought a second wave of coronavirus infections with a second economic lockdown could be avoided. (Reporting by Michelle Martin Editing by Michael Nienaber)

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