Business briefly

A Wisconsin-based real estate company will auction a 72-acre parcel along U.S. 278 in Hardeeville later this month, according to a news release from the auction company. Bidding for the parcel near the corner of Lakeside Boulevard and U.S. 278 will start at $2.45 million if no offer is received before the Aug. 29 auction, the release from real estate company Micoley said.

▪ Kellogg says its U.S. breakfast foods division saw another decline in quarterly sales but that trends in the cereal category were improving. The maker of Frosted Flakes, Froot Loops and Kashi is trying to revamp the marketing for its cereals as Americans reach for other breakfast options, like Greek yogurt and fast food. One strategy has been trying to reposition Special K to be more in line with changing health trends, which Kellogg CEO John Bryant has said are moving away from weight loss and dieting.

▪ A federal appeals court has revived a lawsuit accusing MasterCard, Visa and three major banks of illegally fixing ATM prices at the expense of consumers. The federal appeals court in Washington ruled Tuesday that a group of consumers and independent ATM operators could pursue antitrust claims against the companies.

▪ Luxury retailer Neiman Marcus has filed for an initial public offering for the second time in a little more than two years. For the purpose of calculating a filing fee, Neiman Marcus said it expects to raise $100 million from the offering.

▪ Harman International, the company that makes car radios that friendly hackers exploited to take control of a Jeep Cherokee, says its other infotainment systems don’t have the same security flaw.