Striking a blow for consumer choice
General Electric has sold its Industrial Solutions unit to Swiss power grid maker ABB for $2.6 billion. (AP)
Striking a blow for consumer choice, General Mills, the producer of the multi-colored cereal Trix, will be bringing back the original, artificially-colored version after customers complained. “Classic Trix,” which is colored artificially, will sit on store shelves alongside the new, natural-flavor version. (CNBC)
Walmart is testing a service to deliver groceries straight to customers’ refrigerators. It is partnering with August Home, a provider of smart locks and smart home accessories, to test the service. The delivery person would get access to the customer’s house using a pre-authorized one-time passcode and would put away groceries. (Reuters)
According to a Bloomberg Shake Shack, Chipotle, and Wingstop will be added to Amazon.com’s delivery service through its partnership with mobile ordering and pay platform Olo.
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The S&P 500 is down 2 and the NASDAQ is down 11. The MSCI international index is lower.
Oil is up 61 cents at $51.27 a barrel.
Gold is down $2 at $1296 a Troy ounce.
With Northwest Quadrant Wealth Management, a Registered Investment Advisor I am Troy Reinhart.