General Mills to cut sugar in ten kid cereals
General Mills announced it will reduce sugar in ten cereals marketed to children aiming for single digit grams per serving. Cocoa Puffs could drop at least 25 percent from original and 18 percent from current 11 grams per serving. The rollout begins next year with no timeline for full completion.
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Bank of America repays $45 billion to government
Bank of America repaid the entire 45 billion it owed U.S. taxpayers under the Troubled Asset Relief Program. The repayment funded by cash on hand and 19.29 billion dollars of securities conversions awaits shareholder approval. CEO Ken Lewis called it a key hurdle cleared in the economy’s health. The bank had received 25 billion in the first TARP round and 20 billion after acquiring Merrill Lynch.
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