
Bloomberg: The Asia Trade 9/6/25
"Bloomberg: The Asia Trade" brings you everything you need to know to get ahead as the trading day begins in Asia. Bloomberg TV is live from Tokyo and Sydney with Shery Ahn and Haidi Stroud-Watts, getting insight and analysis from newsmakers and industry leaders on the biggest stories shaping global markets. Note: US Defense Secretary Pete Hegseth said in a post on X that Marines could be sent next if protests intensify in California. (Source: Bloomberg)
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Yahoo
35 minutes ago
- Yahoo
General Mills is said to weigh sale of China Häagen-Dazs stores
(Bloomberg) — General Mills Inc. (GIS) is considering selling its Häagen-Dazs ice-cream stores in China, according to people familiar with the situation, as the US food company faces challenges with sales in the country. Trump's Military Parade Has Washington Bracing for Tanks and Weaponry NY Long Island Rail Service Resumes After Grand Central Fire NYC Mayoral Candidates All Agree on Building More Housing. But Where? Senator Calls for Closing Troubled ICE Detention Facility in New Mexico California Pitches Emergency Loans for LA, Local Transit Systems Minnesota-based General Mills is working with an adviser on the potential disposal — a process that could begin this year, the people said, asking not to be identified discussing private information. It may seek several hundred million dollars for the assets, the people said. There are more than 250 Häagen-Dazs stores in China, based on information from the brand's WeChat platform. Deliberations are in the early stages and General Mills may decide not to pursue a sale, the people added. General Mills intends to continue selling Häagen-Dazs in places such as supermarkets and convenience stores in China, the people said. A representative for General Mills declined to comment. Other international brands reassessing their China operations include Starbucks Corp. (SBUX), which is considering a possible sale of some of its business in the country, Bloomberg News reported in May. Decathlon SA is working on selling about 30% of its China operations, people familiar with the matter have said. Häagen-Dazs opened its first ice-cream cafe in Shanghai in 1996. General Mills acquired the brand's parent in 2001 and sold the US Häagen-Dazs business to Nestle SA while keeping the international operations. In a quarterly earnings call in March, General Mills Chief Executive Officer Jeff Harmening flagged a 'tougher consumer environment' and lower traffic in shops in China, the company's biggest market outside of North America. General Mills remained focused on stabilizing its performance in the country, he said. General Mills has several dozen other brands, including Betty Crocker, Cheerios, Golden Grahams, Green Giant, Lucky Charms, Nature Valley and Yoplait. Its shares are down 15% this year, hitting a more than five-year low last month. —With assistance from Will Kubzansky. New Grads Join Worst Entry-Level Job Market in Years The Spying Scandal Rocking the World of HR Software American Mid: Hampton Inn's Good-Enough Formula for World Domination Cavs Owner Dan Gilbert Wants to Donate His Billions—and Walk Again The SEC Pinned Its Hack on a Few Hapless Day Traders. The Full Story Is Far More Troubling ©2025 Bloomberg L.P. By subscribing, you are agreeing to Yahoo's Terms and Privacy Policy


Axios
37 minutes ago
- Axios
Mayor Cherelle Parker silent on Los Angeles protests
As other Democratic leaders condemn President Trump for federalizing California's National Guard amid protests in Los Angeles, Philadelphia Mayor Cherelle Parker is keeping silent. The big picture: This week, Pennsylvania Gov. Josh Shapiro joined more than a dozen other Democratic governors in calling Trump's deployment of California's National Guard without the state's consent an " alarming abuse of power." California Gov. Gavin Newsom called the deployment of military personnel " unlawful" and is suing the Trump administration over it. Newsom's office pulled Philly into the conversation Tuesday. "Are you going to send in the Marines the next time the Philadelphia Eagles win, too?" the Democratic governor's press team asked in a post on X alongside a photo of a fire set in the street as Birds fans celebrated the team's recent Super Bowl win. Meanwhile, Democratic U.S. Rep. Mary Gay Scanlon, whose district includes parts of Philly and the surrounding suburbs, denounced deploying military personnel in LA, saying in a statement that it "appears to be a manufactured escalation designed to justify abuses of power and stoke fear across the country." On the other hand, New York Mayor Eric Adams called "the escalation of protests" in LA "unacceptable" and warned that his city will not tolerate such clashes. Zoom out: The responses come after protests popped up across the U.S. this week, including in Philly, in solidarity with LA demonstrators. State of play: Parker spokesperson Joe Grace declined Axios' request for comment about the mayor's stance on the LA protests. Grace deferred comment to the Philadelphia Police Department. Zoom in: Philly police "continuously monitor events locally and nationally to ensure we are prepared for any scenario," PPD spokesperson Sgt. Eric Gripp tells Axios. He adds that officers will both safeguard public safety and ensure people can exercise their rights without fear or interference. Between the lines: Avoiding political fights with Trump and sticking to her own agenda has long been Parker's playbook.


E&E News
38 minutes ago
- E&E News
Trump to sign repeal of California car rules Thursday
President Donald Trump plans to sign a trio of resolutions Thursday to revoke California's nation-leading vehicle emissions standards. Sen. Shelley Moore Capito ( author of a resolution to nix the state's electric vehicle sales mandate via the Congressional Review Act, and Rep. Kevin Kiley (R-Calif.) confirmed the White House has scheduled the signings at 11 a.m. Thursday. Trump's signature will finalize his administration's monthslong effort to thwart California's authority to set stricter electrification rules for passenger vehicles and commercial trucks, along with higher standards for heavy-duty diesel engines. Advertisement Trump's EPA revoked an earlier version of California's vehicle emissions rules through an 18-month regulatory process during his first term, but Republicans' vote last month to expedite the rollback through Congress marked the first time waiver approvals have been considered subject to the CRA since President Bill Clinton signed the law in 1996.