Asian Markets Mixed as Fed Rate Cut Bets Grow and Japan’s Nikkei Leads Gains 
Lockheed Martin Secures $1.14 Billion Contract Boost for F-35 Production 
Asian Currencies Steady as Rupee Hits Record Low Amid Fed Rate Cut Bets 
Vietnam’s November Trade Sees Monthly Decline but Strong Year-on-Year Growth 
BOJ Faces Pressure for Clarity, but Neutral Rate Estimates Likely to Stay Vague 
Japan’s Nikkei Drops as Markets Await Key U.S. Inflation Data 
GM Issues Recall for 2026 Chevrolet Silverado Trucks Over Missing Owner Manuals 
ExxonMobil to Shut Older Singapore Steam Cracker Amid Global Petrochemical Downturn 
Hikvision Challenges FCC Rule Tightening Restrictions on Chinese Telecom Equipment 
Asian Currencies Edge Higher as Markets Look to Fed Rate Cut; Rupee Steadies Near Record Lows 
Australia Moves Forward With Teen Social Media Ban as Platforms Begin Lockouts 
Boeing Acquisition of Spirit AeroSystems Could Close Soon Amid Ongoing Conditions 
Dollar Slides to Five-Week Low as Asian Stocks Struggle and Markets Bet on Fed Rate Cut 
IKEA Launches First New Zealand Store, Marking Expansion Into Its 64th Global Market 
Visa to Move European Headquarters to London’s Canary Wharf 
Airbus Faces Pressure After November Deliveries Dip Amid Industrial Setback 
Wikipedia Pushes for AI Licensing Deals as Jimmy Wales Calls for Fair Compensation 
The Kellogg Company has officially rebranded after the firm's separation has finally been completed. This means the cereal manufacturer will now operate as a standalone company with its own management.
The split of Kellogg's was finalized, and now it is moving ahead to its new future. It has been over a year since the firm announced the separation of its snack and cereal business unit in North America.
The Newly Formed Business Units
The separated Kellogg Company will now start trading separately as Kellanova and WK Kellogg Co. The first division will manage the snack operations, while the second will be involved in the cereal business.
Both firms will be trading on the New York Stock Exchange, and CNBC reported that WK Kellogg Co. has started trading at $13.80 per share. On the other hand, shares of Kellanova, which manages popular brands such as Cheez-It and Pringles, closed on Monday - down by six percent.
The Spinoffs' Early Performance at the Stock Exchange
The cereal adopted the brands from its North American portfolio, so it now houses Corn Flakes, Froot Loops, Rice Krispies, and more. Its share price also dropped by nine percent when the market closed on the same day.
Kellanova trades at the NYSE under the "K" ticker, while WK Kellogg uses "KLG." At any rate, it was clarified that the international sales for the cereal business would continue under the Kellanova spinoff.
"With the completion of the separation, Kellanova has entered a new era with a new name and a new ambition," Kellanova's chairman and chief executive officer, Steve Cahillane, said in a press release. "We are starting from a position of strength that is rooted in a century-old legacy as we embark on a journey to achieve our vision of becoming the world's best-performing snacks-led powerhouse."
Photo by: Deepak N/Unsplash
