On Thursday, Kellogg Company (NYSE:K)’s shares inclined 0.70% to $68.87.
Kellogg Company (NYSE:K) declared a new, long-term partnership with leading food company Tolaram Africa, significantly increasing Kellogg’s presence in the growing African market and advancing the company’s breakfast, snacks and emerging market strategies to drive future growth.
Highlights of today’s declaration comprise:
- The creation of a joint venture between Kellogg Company and Tolaram Africa to develop snacks and breakfast foods for the West African market.
- The acquisition of 50 percent of Multipro, a premier sales and distribution company in Nigeria and Ghana.
- The right to acquire a stake in Tolaram Africa Foods (which owns 49 percent of Dufil Prima) in the future. Dufil Prima manufactures and markets several leading food brands, counting Indomie noodles, which are often consumed at breakfast, in addition to Minimie snacks, Power oil and Power pasta.
Kellogg Company, together with its auxiliaries, manufactures and markets ready-to-eat cereal and convenience foods. The company operates through U.S. Morning Foods, U.S. Snacks, U.S. Specialty, North America Other, Europe, Latin America, and Asia Pacific segments.
Mosaic Co (NYSE:MOS)’s shares dropped -1.50% to $38.82.
The Mosaic Company (MOS) hosted the third annual Hunger-Relief Forum at the Bradenton Convention Center. The session brought together local and state policymakers, agriculture, health and hunger-issues experts for interactive talk about on the causes of hunger and viable solutions to enhance food access in Florida.
The day-long forum kicked off with keynote speaker Florida Commissioner of Agriculture and Consumer Services Adam H. Putnam. Commissioner Putnam offered an update on “Florida’s Roadmap to Living Healthy” program, the first statewide map that correlates lack of access to nutritious food with poor health indicators in an advanced web-based GIS (Geographic Information Systems) tool. The program was introduced at last year’s Florida Hunger-Relief Forum.
The Mosaic Company produces and markets concentrated phosphate and potash crop nutrients for the agricultural industry worldwide. It operates through two segments, Phosphates and Potash.
At the end of Thursday’s trade, Time Warner Cable Inc (NYSE:TWC)‘s shares surged 0.86% to $190.42.
The Board of Directors of Time Warner Cable Inc. (TWC) declared a quarterly dividend of $0.75 per share on the Company’s Common Stock, payable in cash on October 22, 2015, to stockholders of record at the close of business on October 1, 2015.
Time Warner Cable Inc., together with its auxiliaries, provides video, high-speed data, and voice services in the United States. It operates in three segments: Residential Services, Business Services, and Other Operations.
Lexicon Pharmaceuticals, Inc. (NASDAQ:LXRX), ended its Thursday’s trading session with 11.24% gain, and closed at $15.74.
Lexicon Pharmaceuticals, Inc. (LXRX) declared that data from its pivotal TELESTAR Phase 3 clinical study of telotristat etiprate has been accepted as a late-breaking presentation at the European Cancer Congress, which will be held September 25–29 in Vienna, Austria.
Telotristat etiprate, which has received Fast Track and Orphan Drug designation from the U.S. Food and Drug Administration, is in development for the treatment of carcinoid syndrome in cancer patients whose symptoms are not adequately controlled with the current standard of care.
Lexicon Pharmaceuticals, Inc., a biopharmaceutical company, focuses on the discovery and development of pharmaceutical products for the treatment of human diseases. Its drug development programs comprise telotristat etiprate, an orally-delivered small molecule drug candidate, which is in Phase III clinical trials for the treatment of carcinoid syndrome.
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