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American rapper Sean Love Combs, better known as Diddy, was on Monday evening, September 16, arrested at a hotel following a sealed indictment in New York City.

The U.S. Attorney in a statement said the business mogul was arrested based on a sealed indictment filed by the Southern District of New York.

“We expect to move to unseal the indictment in the morning and will have more to say at that time,” the statement reads.

It would be recalled that Combs was facing a federal investigation into allegations that include s+x tr@fficking, all of which he has denied.

📷: AFP/ ANGELA WEISS

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Stouffer’s is coming after Kraft Heinz’s (KHC) dominance in the boxed mac and cheese category. 

Known for its frozen food offerings, the Nestle-owned brand unveiled Stouffer’s Supreme Shells & Cheese on Monday. The shelf-stable product will be available this month in two flavors, cheddar and three-cheese, on Amazon.com (AMZN) and at select national retailers for a price of $3.99 for a 12-ounce box, Nestle said. It will continue to roll out nationwide in 2025.

The shelf-stable mac-and-cheese category is a $2.9 billion market, according to with the average American consuming the dish 22 times a year, behind only pizza in frequency, per Tom Moe, president of Nestle Meals Division, reported.

Mac and cheese has long been dominated by Kraft Heinz, and is a $1.7 billion business for the company, its chief financial officer (CEO), Andre Maciel, said at the Barclays Global Consumer Staples Conference earlier this month.

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Micron Technology (MU) stock was one of the biggest decliners in the S&P 500 Monday after Morgan Stanley slashed its price target to $100 from $140 and gave a downbeat assessment of the memory chip sector.

The bank warned that although it's difficult to predict cyclical peaks, "both NAND and DRAM are losing steam, and our inflection signposts suggest chillier conditions from here."

The analysts wrote in a report to clients that while memory chip demand is still moving up, "the rate of change is approaching a peak as supply catches up to demand."

They added that they see the sector's earnings growth reaching the top and then reversing in the coming quarters, with a nearly 30% price-to-book (P/B) ratio contraction, "and a higher chance of investors resetting positions."

The analysts argued that even if valuations look good as stock prices fall, it doesn't make sense to buy the dips because they anticipate "better entry points in the future."

Shares of Micron Technology fell 4.5% Monday afternoon to $87.10. They are up about 2% in 2024.

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Sonia, the ex-wife of the popular ex-Nigerian footballer, Jude Ighalo, has reacted to rumors that the footballer is expecting a child with his lover.

Social media users had claimed that the footballer is expecting a child with a woman described as his “fiancé.’’

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The future of work might not look as different from its past as we once thought. 

In a message to Amazon.com (AMZN) employees, CEO Andy Jassy told the tech and retail giant’s workers that, starting next year, five days a week of in-office work would be the norm.

“Before the pandemic, it was not a given that folks could work remotely two days a week, and that will also be true moving forward,” Jassy wrote. “Our expectation is that people will be in the office outside of extenuating circumstances.”

Amazon’s quite-public announcement—it was published Monday on the company’s website—was the latest development in the post-pandemic evolution of the office. Many companies that were quick to embrace distributed workplaces enabled by technology have rolled things back, though some surveys indicate that remote and hybrid arrangements are still popular among both companies and employees.  

The company's news was part of a lengthy memo—“Hey team," it opened, "I wanted to send a note on a couple changes we’re making to further strengthen our culture and teams”—that also covered efforts to “flatten” the organization, root out “bureaucracy or unnecessary process,” and rework offices that had been reworked into flexible spaces to accommodate assigned desks.

Jassy’s message allowed for the possibility of exceptions, whether for immediate needs (like sick family members) or work-related contingencies (like travel or project-specific work) but made clear that the goal was to get people together. 

“If anything," he said, "the last 15 months we’ve been back in the office at least three days a week has strengthened our conviction about the benefits."

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