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PRESS DIGEST- New York Times business news - July 11
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PRESS DIGEST- New York Times business news - July 11
Jul 10, 2025 11:20 PM

July 11 (Reuters) - The following are the top stories on

the New York Times business pages. Reuters has not verified

these stories and does not vouch for their accuracy.

- WK Kellogg agreed to be bought by the owner of

Ferrero Rocher in a deal worth around $3.1 billion, uniting two

of the world's most recognizable consumer brands to weather a

tough spending backdrop marked by persistent inflation.

- Tesla said that it would hold a shareholders'

meeting on Nov. 6, nearly four months after what is required

under Texas law.

- The U.S. State Department will start sending notices to

members of its workforce impacted by the reorganization soon,

the agency's top official for management said, as President

Donald Trump's administration moves ahead with its plans to

overhaul the diplomatic corps and cut jobs.

- U.S. President Donald Trump threatened to impose a 35%

tariff on Canadian imports, upending negotiations between the

countries that had Canada's representatives hopeful that a trade

deal could be reached in a matter of weeks.

(Compiled by Bengaluru newsroom)

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