Fomento Economico: Q2 Earnings Snapshot
The Monterrey N.l., Mexico-based company said it had net income of 40 cents per share. Earnings, adjusted to account for discontinued operations, were 42 cents per share.
The Coca-Cola bottler posted revenue of $10.84 billion in the period.
_____
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Los Angeles Times
an hour ago
- Los Angeles Times
Russian superyacht, with helideck and marble fireplace, was seized. Now you can bid on it
The Russian oligarch billionaire lifestyle can be yours for the potentially low, low price of tens of millions of dollars, courtesy of the U.S. federal government. The National Maritime Services, working on behalf of the U.S. Marshals Service, is auctioning off a superyacht, the $300-million-plus Amadea, which currently sits in a San Diego harbor, with a bid deposit starting at $10 million. Florida-based Fraser Yachts, the auction's promotional agents, described the prize 'as one of the most comprehensively equipped yachts in her class.' The 348-foot-long ship was built in 2017 and can comfortably host 16 guests in eight luxurious staterooms. An additional 21 cabins can house a professional crew of up to 36 workers. One of the ship's jewels is a glass elevator that serves all decks, while a second lift is available for crew. The yacht includes a glass-edged mosaic pool with submerged bar stools, and an outdoor bar area surrounded by sun pads (cushioned areas for perfecting your tan). The ship's main salon showcases a piano and marble fireplace. The yacht was designed by Espen Øino, the acclaimed Norwegian designer and naval architect, while its decadent interiors were created by designer François Zuretti. The ship has an ocean-crossing range of 8,000 nautical miles at a speed of 13 knots. For late-arriving quests, the Amadea also boasts a helideck. The U.S. Justice Department maintained in a 2023 civil forfeiture complaint that Russian oligarch Suleiman Kerimov was the ship's owner. Kerimov took possession of the vessel sometime around 2021, though his transactions were cloaked through shell companies, according to the complaint. Kerimov was sanctioned by the U.S. in 2018 and labeled a Specially Designated National for his alleged role in money laundering related to the purchase of French villas. The U.S. Department of the Treasury's Office of Foreign Assets Control determined Kerimov was a direct beneficiary of Russian President Vladimir Putin and 'played a key role in advancing Russia's malign activities,' which includes the invasion of Ukraine. The U.S. has said it's working with allies to put pressure on Russian oligarchs, some of whom are close to Putin and have had their yachts seized, to try to compel him to stop the war, the Associated Press reports. The Amadea was seized in Fiji in April 2022 and arrived in San Diego in June that year. The Southern District of New York ruled in March that the Amadea was to be forfeited to the federal government. That decision is being appealed by the man who claims to own the sumptuous vessel — Eduard Khudainatov, the non-sanctioned former chairman of Russian state-controlled oil giant Rosneft, according to the Associated Press. U.S. prosecutors maintain that Khudainatov is a straw owner of the yacht. On July 1, the Marshals Service authorized Fraser Yachts as the promotional agent for the sealed bid auction. The auction is being conducted in U.S. dollars and is running until 11 a.m. on Sept. 10 at The initial deposit necessary to make a bid is $10 million. All bids will remain sealed with the highest bidder winning the yacht. Should multiple participants tie with the top price, each bidder will be given a chance to increase their offering until a winner is determined.
USA Today
2 hours ago
- USA Today
FDA issues warning as NuNaturals sweeteners recalled because of mislabeling
Two different recalls of NuNaturals sugar-free products were recently given the second-highest risk warning by the U.S. Food & Drug Administration. NuNaturals, Inc. initiated a voluntary recall for certain lots of its Organic Pure Stevia and Pure Monk Fruit Sweetener for a labeling mishap on July 14. Products labeled as Organic Pure Stevia actually contained Monk Fruit powder, while products labeled as Pure Monk Fruit Sweetener contained Stevia powder. Both recalls were given a Class II risk warning on Aug. 1. NuNaturals recalled a total of 156 bottles, consisting of 78 Organic Pure Stevia bottles and 78 Pure Monk Fruit Sweetener bottles. Both products were sold and distributed to retailers nationwide. It's not immediately clear what led up to the labelling error, or if the recalls impacted any consumers. USA TODAY reached out to the Eugene, Oregon-based company for comment. Here's what to know about the NuNaturals recall, including what to do with affected products. What is a Class II recall? According tothe FDA, a Class II recall denotes a "situation in which use of or exposure to a violative product may cause temporary or medically reversible adverse health consequences or where the probability of serious adverse health consequences is remote." NuNaturals recall: Affected products, remedy A batch of two different NuNaturals sugar-free sweetener products, including Organic Pure Stevia and Pure Monk Fruit Sweetener, was impacted by the recall, which was initiated on July 14. Relevant information about each product, including best-by dates and universal product codes, is listed below. Organic Pure Stevia - 1 oz: Pure Monk Fruit Sweetener - 0.71 oz: The FDA and NuNaturals, Inc. have yet to offer guidance on what to do with the affected product or products, but USA TODAY has reached out to request clarification.
Business Insider
2 hours ago
- Business Insider
Trump's latest executive order banning 'debanking' takes aim at an industry that cheered his return
President Donald Trump made his feud with big banks official. After making his grievances against banks clear earlier in the week, Trump signed an executive order for federal banking regulators to eliminate guidance that encourages what he calls "politicized" or "unlawful" debanking. According to the executive order and a White House fact sheet, the order requires various federal regulators and agencies to "make reasonable efforts" to reinstate debanked customers. The Treasury Department is tasked with creating a strategy and new regulations to prevent "unlawful" debanking, while the Attorney General would oversee and investigate cases of people suspected of being debanked in discriminatory ways. The Trump Organization and Eric Trump sued Capital One earlier this year for closing accounts in the wake of the January 6, 2021, riot. Capital One has denied wrongdoing, and litigation is ongoing. Earlier this week, Trump told CNBC's "Squawk Box" in an interview that Bank of America and JPMorgan Chase had previously refused to accept his deposits. "They totally discriminate against, I think, me maybe even more, but they discriminate against many conservatives," he told show host Andrew Ross Sorkin. "I think the word might be 'Trump supporters' more than conservatives." In a statement to Reuters, JPMorgan said it doesn't close accounts for political reasons, while Bank of America did not address Trump's claims. In January at the World Economic Forum in Davos, Trump claimed Bank of America and other banks were refusing to accept conservative customers, which the Charlotte-based lender denied. Prior to the inauguration, crypto-connected supporters of the president turned debanking into a political issue. Well-known venture capitalist Marc Andreessen said on Joe Rogan's podcast that dozens of tech founders had been cut off from banking services during former President Joe Biden's administration. Banks are just the latest industry to draw the president's ire, despite the fact that the securities and investment industry gave more to Trump than his opponent, former Vice President Kamala Harris, according to political donation tracker OpenSecrets. Trump's cabinet also includes Howard Lutnick, a banker who ran Cantor Fitzgerald before becoming the Secretary of Commerce. The executive order could result in fines for banks found to have discriminated against conservatives, mimicking the White House's tactics for punishing other industries. Trump started his year by pulling funding from elite higher education institutions that he accused of condoning discrimination on campus. He soon pivoted to an ongoing legal battle with the country's biggest law firms, some of whom have represented clients in court cases against him. Then, as his tariff policies intensified, Trump went after the likes of Amazon and Walmart for potentially being explicit about how these trade barriers would drive up prices for US consumers. More recently, Big Pharma executives woke up one morning to a letter from the president, threatening them to lower the prices of drugs. Capitol One and the Bank of America did not immediately respond to requests for comments.
