Bloomberg Business

WK Kellogg Co, the maker of Frosted Flakes, is betting on expanding cold cereal to dinner and snacking to attract customers and fuel sales for the Kellogg spinoff.

An $850 million road project connecting copper and cobalt mines in the Democratic Republic of Congo through Zambia to an East African port will cut more than 150 miles from the existing journey, according to the company building it.

(Bloomberg) — Carlyle Group Inc. is asking both Wall Street banks and private credit lenders to arrange debt packages of at least $2.5 billion to support its potential acquisition of stakes in some of medical-device maker Medtronic Plc’s business units, according to people with knowledge of the matter.

Blue-chip bond yields have surged to the highest level since 2009 as Federal Reserve members continue to point toward an additional interest rate hike this year and a higher-for-longer regime.

Chancellor of the Exchequer Jeremy Hunt says the UK has no money for tax cuts, but that hasn’t stopped the Cabinet from sketching out relief measures before the next election.

Zoom Video Communications Inc. is adding word processing to its suite of tools and experimenting with novel features for meetings as it faces steep competition from Microsoft Corp.’s Teams.

(Bloomberg) — McCormick & Co. slumped the most since the start of the Covid pandemic after the maker of spices and seasonings reported sales that trailed expectations — in part due to a slower-than-expected economic rebound in China.

The biggest medium-term risk for bonds isn’t from buyers demanding a lower price, but from multi-asset managers who see little need to hold much government debt at all, at any price.

Bitcoin retreated from a six-week peak after a jump in bond yields dented demand for riskier investments.