While you were sleeping: Kellogg, Mondelez shares rally

Tue, 31 Oct 2017

By Margreet Dietz Nov. 1 (BusinessDesk) - Wall Street advanced amid better-than-expected corporate earnings including for food companies Kellogg and Mondelez, while US Federal Reserve policy makers began their two-day meeting. Shares of Kellogg jumped, up 6.4 percent as of 1.47pm in New York, after the cereal maker posted better-than-expected earnings amid cost-cutting efforts, reporting its first gain in sales in at least two years. “Operating profit margin expansion got an added boost from the transition out of Direct-Store Delivery...

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