Wednesday, November 7th, 2018


US Midterm Elections Took Place Yesterday
Washington Post
NYTimes
CNBC

Resulting in the Democrats taking control of the US House while Republicans holding onto the US Senate.

Democrats won seats in swing states which included Virginia, Kansas, and Michigan. While Republicans won key victories in Texas, North Dakota, and Indiana.

Healthcare and immigration were key issues amongst voters.


Kraft Heinz Canada Sells its Natural Cheese Business
Press Release

The company announced that “it has entered into a definitive agreement to sell its Canadian natural cheese business to Parmalat.”

The $1.23 billion US Dollar deal includes the Candian brands of Cracker Barrel, P’tit Quebec and aMOOza! Brands.

As part of the deal, “Kraft Heinz will sell its production facility located in Ingleside, Ontario.” According to a company press release, Kraft Heinz Canada “will also transfer approximately 400 employees from that facility to Parmalat.”

The deal is expected to close before the end of the first half of 2019.


Starbucks Expands its Delivery Service in China
Press Release

The company announced that it’s currently running its “Starbucks Delivers” service “across more than 1,100 stores in a total of 17 cities in China”.

The company stated in a press release that full-service operations were up and running in Beijing and Shanghai.

Starbucks plans to integrate delivery into more than “2,000 Starbucks stores across 30 cities” by the end of the year.