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Stock Market & Financial Investment News

News Breaks
January 22, 2013
07:10 EDTKO, ADM, CAG, HNZ, INGRU.S. consumption of high fructose corn syrup declines, Bloomberg reports
Consumption of high fructose corn syrup, used to sweeten products from Coca-Cola (KO) to H.J. Heinz (HNZ) ketchup and linked to obesity, is falling in the U.S. as health-conscious consumers drink less soda, reports Bloomberg. Reference Link
News For ADM;INGR;CAG;KO;HNZ From The Last 14 Days
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April 15, 2014
16:22 EDTADM, KOOn The Fly: Closing Wrap
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13:19 EDTADMArcher Daniels announces $350M unit sale to Mosaic, other actions
Archer Daniels Midland (ADM) announced three actions in the company’s ongoing portfolio management. ADM has signed an agreement to sell its fertilizer business in Brazil and Paraguay to The Mosaic Company (MOS) for $350M. The transaction consists primarily of five ADM-owned blending facilities in Brazil and Paraguay. The purchase price includes $150M in working capital. As part of the transaction, ADM will purchase fertilizer from Mosaic after the closing and will continue to supply certain fertilizer customers in Brazil and Paraguay. ADM also announced it will pursue the sale of its chocolate business, while retaining the majority of its cocoa press operations. The company has engaged advisers to facilitate the sale process. Finally, ADM announced it will acquire the remaining 20% minority stake of Alfred C. Toepfer International for EUR83M, representing about 1.1x net book value. The proposed transaction, which is occurring through the exercise of a put agreement by Union InVivo, will be subject to customary regulatory approvals. Since 2002, ADM has owned 80% of Toepfer. InVivo will remain a strategic business partner for ADM in Europe.
12:58 EDTKOOn The Fly: Midday Wrap
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12:31 EDTADMMosaic to acquire Archer Daniels' Brazil, Paraguay fertilizer units
Mosaic (MOS) signed definitive agreements with Archer Daniels Midland (ADM) to acquire its fertilizer distribution business in Brazil and Paraguay for $350M. The purchase price assumes the delivery of $150M in working capital at closing. This acquisition is expected to accelerate Mosaic's previously announced growth plans in Brazil as well as replace planned internal investments in that country. Under the terms of the agreement, Mosaic would acquire four blending and warehousing facilities in Brazil, one in Paraguay and additional warehousing and logistics service capabilities. The acquisition of ADM's fertilizer distribution business would increase Mosaic's annual distribution in the region from approximately 4M metric tonnes to about 6M metric tonnes of crop nutrients. The parties have also negotiated the terms of five-year fertilizer supply agreements providing for Mosaic to supply ADM's fertilizer needs in Brazil and Paraguay. Mosaic will fund the acquisition with cash from operations. The transaction is not expected to impact Mosaic's shareholder distribution plans. The proposed sale will be contingent on customary regulatory approvals.
10:34 EDTKOCoca-Cola sees improving North America soft drink pricing from Q1
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10:07 EDTKOCoca-Cola sees 'significant' currency headwinds for the remainder of this year
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09:36 EDTKOCoca-Cola rises after results, levels to watch
Shares are up 2.7% following results from the company earlier this morning. At that price next resistance is at $40.23, a prior pivot high. Support is at $39.28.
09:35 EDTKOActive equity options trading on open
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09:27 EDTCAGConAgra sent FDA warning letter following inspection of sunflower seed plant
In a warning letter posted to the FDA website, dated April 7, the regulator alerted ConAgra that investigators documented insanitary conditions during inspections of the company's sunflower seed manufacturing plant in Missouri held on January 8-10, 13-16, 21, and 27. Reference Link
09:16 EDTKOOn The Fly: Pre-market Movers
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09:00 EDTKOCoca-Cola rises 2.4%
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07:34 EDTKOCoca-Cola CEO: Growth momentum improving in line with expectations
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07:34 EDTKOCoca-Cola sees FY14 net share repurchases $2.5B-$3B
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07:34 EDTKOCoca-Cola: Change in exchange rates to have unfavorable impact on op. income
The company says "Based on recent changes to the Venezuelan currency exchange rate mechanisms, we changed the exchange rate we used to remeasure our Venezuelan subsidiary’s financial statements into U.S. dollars... Based on our current projections, we expect this change in exchange rates to have an unfavorable currency impact on our operating income for the remainder of 2014. Additionally, the Venezuelan government issued a new law on fair pricing establishing the maximum profit a business can earn in Venezuela. We are currently evaluating the impact the new law may have on our 2014 operating results. The bottling transactions completed in 2013 are anticipated to have an unfavorable 1% structural impact on both our full-year 2014 net revenues and operating income, with the full impact occurring in the first half of the year. Currency exchange rates are expected to have an unfavorable impact on our reported results in 2014. Based on current spot rates, our existing hedge positions, and the cycling of our prior year rates, we estimate currency will be an approximate 7% headwind on our full-year operating income, and an approximate 7% headwind on our second quarter operating income. This outlook reflects the negative impact of the Venezuela devaluation, partially offset by slight improvements in other currencies as compared to the outlook we provided at the time of our year-end 2013 earnings release."
07:32 EDTKOCoca-Cola reports Q1 comparable EPS 44c, consensus 44c
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April 14, 2014
15:17 EDTKONotable companies reporting before tomorrow's open
Notable companies reporting before tomorrow's market open, with earnings consensus, include Johnson & Johnson (JNJ), consensus $1.48; Coca-Cola (KO), consensus 44c; Charles Schwab (SCHW), consensus 22c; Northern Trust (NTRS), consensus 78c; Comerica (CMA), consensus 72c; Westamerica (WABC), consensus 58c; Comverse (CNSI), consensus 49c; Pep Boys (PBY), consensus 5c.
15:08 EDTKOEarnings Preview: Coca-Cola shares lag market ahead of Q1 report
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14:38 EDTKOCoca-Cola April 39 straddle priced for 2.1% move into Q1
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April 11, 2014
07:39 EDTKOCoca-Cola April volatility increases into Q1 and volume outlook
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April 10, 2014
06:29 EDTKOCoca-Cola boosts advertising in repsonse to downward soda sales, WSJ says
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