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PRESS DIGEST- New York Times business news - July 11

ReutersJul 11, 2025 5:57 AM

- 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 KLG.N 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 TSLA.O 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.

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