In a defiling that it now owns 7. 5 of the food giant which makes oreos, ritz crackers and wellknown brands. Whats unclear is what the investor wants to do with the company. Ackman wanted the snack maker to grow revenue or cut costs or sell itself. Mondelez, for its part says they will welcome them as investors in the company. Ackman joins nelson peltz. His firm holds a 3 stake in mondelez. Well show you whats going on now in the premarket trading as a result of this and you wouldnt be surprised to see that they are sharply higher. What does he want to do with the company . He wants the stock to go up so he can sell the stock for more than he paid for. We were having a conversation off camera. Okay. Maybe he sees something thats not being optimized at mondelez the way that management is running things but what he really knows is i have enough money, 5 billion. I can make a splash and in all likelihood the stock will start going up just on that and then you agitate, you mess around, you
Now they are speaking out. Good evening. Hello, i am heather. A wine country outing turned sour in a big way for a book club booted off of the train for being too loud. The women says that race played a roll, inspiring the hash tag laughing while black. And the tourist arracks is coping with the run away reaction on social media. Reporter weather, the wine train runs through the valley, serving food, and of course, wine. But the women on this outing say they were getting quieted before the train even left the station. We made it, look at us, we are ready to get on the wine train. Reporter excitement as 11 friends prepare to ride the rail. This is the car that we were on. Reporter they booked as a group. Noise is going to come along with that, it is laughter, it is fun, it is wine, and not just a glass of wine. Reporter but not one sip before an employee was telling them to be quieter because she could see that other passengers were irritated. Why didnt they james o just movethey just m
Making mistakes and it will make changes to win back its licence. And all eyes on the turner prize. We look at the four nominees in the running for one of the art worlds most prestigious awards. Its 5 oclock. Our main story is that a future Labour Government would consider cancelling pfi contracts, the controversial schemes which enable some public building projects to be funded with private money. The shadow chancellorjohn mcdonnell made the commitment at the labour conference in brighton. He said pfi contracts were likely to cost the Public Sector more than 200 billion pounds over the next few decades and it was time to reduce the cost to the tax payer. After he spoke the party said it would review the contracts. During the day labour also suggested the uk could remain in a Single Market and some form of Customs Union following brexit. Our Political Correspondent Eleanor Garnier reports from brighton. All smiles as they try to put on a united front, but theres no hiding it. Its plain
As to when chp plans to re open those lanes. But in the meantime, all traffic is diverted off at the whipple avenue. And they are detouring folks through those streets so just be prepared for delays. Those streets arent able to accommodate the normal freeway traffic once things get busy so you will need to allow for extra time. A backup at the bay bridge toll plaza. Looks like this is in the cash lanes. 10 minutes from the maze into San Francisco. Investigators are having a tough time trying to determine motive tort mass shooting in las vegas for the mass shooting in las vegas despite the interview with the girlfriend of the gunman, Stephen Paddock. The sheriff of the county says he planned to survive after the shooting. There was no suicide note in his hotel room. More now from kpix 5s andria borba. Reporter clark countys sheriff says Stephen Paddock fired for 10 straight minutes out of his hotel suite window from 10 05 to 10 15 in a crowd of 22,000. The man spent decades acquiring we
[wind] a storm chaser was there as the water came up to the front door of the hotel casino in biloxi. New orleans managed to avoid serious impact from nate. But elsewhere others fled for safety. First to maggie ruly live in mobile alabama, maggie, what are you seeing there. Reporter nydia and gray weve been seeing heavy rain and storm surge all night in alabama, but now it seems like the worst of the storm is over. Hurricane nate coming ashore twice during the night first in Southeastern Louisiana and again on the mississippi gulf coast. The storm system lashing coastal areas with winds packing over 80 Miles Per Hour. From the gulf coast to the northern regions of mississippi and alabama, residents bracing for the worst. They have tornadoes in these things you dont know when they are going to pop up. A storm surge hitting lowlying coastal regions, heavy rain. You can see the rain off the gulf of mexico coming in easterly, piling up the water. Reporter causing massive flooding across th