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Stock Market & Financial Investment News

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January 4, 2013
13:39 EDTSJM, HSY, HRL, SAFM, SFD, TSN, FDP, CQB, DOLE, CPB, HNZ, K, GIS, KFT, MDLZ, UL, UN, ECLFDA proposes new standards for foodborne illness prevention, produce safety
The U.S. Food and Drug Administration announced earlier that it proposed two new food safety rules that will help prevent foodborne illness. The proposed rules implement the Food Safety Modernization Act, or FSMA, and are available for public comment for the next 120 days, the FDA said. These two FSMA rules are part of an integrated reform effort that focuses on prevention and addresses the safety of foods produced domestically and imported, with additional rules to be published shortly. The first rule proposed would require makers of food to be sold in the United States, whether produced at a foreign- or domestic-based facility, to develop a formal plan for preventing their food products from causing foodborne illness. The rule would also require them to have plans for correcting any problems that arise. The FDA is proposing that many food manufacturers be in compliance with the new preventive controls rules one year after the final rules are published in the Federal Register but small and very small businesses would be given additional time. The FDA also seeks public comment on the second proposed rule, which proposes enforceable safety standards for the production and harvesting of produce on farms. This rule proposes science- and risk-based standards for the safe production and harvesting of fruits and vegetables. The FDA is proposing that larger farms be in compliance with most of the produce safety requirements 26 months after the final rule is published in the Federal Register. Small and very small farms would have additional time to comply, and all farms would have additional time to comply with certain requirements related to water quality. The FDA seeks public comment on this proposal, it stated.
News For ECL;UN;UL;MDLZ;KFT;GIS;K;HNZ;CPB;DOLE;CQB;FDP;TSN;SFD;SAFM;HRL;HSY;SJM From The Last 14 Days
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July 16, 2014
10:00 EDTHSYOn The Fly: Analyst Downgrade Summary
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07:24 EDTULSiemer & Associates to hold a summit
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06:56 EDTHSYHershey downgraded to Neutral from Outperform at Credit Suisse
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July 15, 2014
16:24 EDTSJMJ.M. Smucker files automatic mixed securities shelf
16:06 EDTHSYHershey sees 2014 sales, EPS growth at lower end of long-term range
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16:04 EDTHSYHershey does not expect price increase to impact 2014 results
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16:03 EDTHSYHershey raises wholesale prices across majority of portfolio
Hershey announced an increase in wholesale prices across the majority of its U.S., Puerto Rico and export portfolio. A weighted average price increase of approximately 8% across the company's instant consumable, multi-pack, packaged candy and grocery lines is effective today. "These changes will help offset part of the significant increases in Hershey’s input costs, including raw materials, packaging, fuel, utilities and transportation, which the company expects to incur in the future," Hershey said. “Over the last year key input costs have been volatile and remain at levels that are above historical averages,” said Michele G. Buck, President, North America, The Hershey Company. “Commodity spot prices for ingredients such as cocoa, dairy and nuts have increased meaningfully since the beginning of the year. Given these trends, we expect significant commodity cost increases in 2015. We are a gross margin focused company and remain committed to our consumer-centric business model of bringing insights to retailers that will enable us to grow our business and the category. During the transition period we will support our brands with higher levels of investment, including merchandising, programming, advertising and innovation, that will benefit Hershey and the category."
16:02 EDTHSYHershey sees Q2 adjusted EPS 75c-77c, consensus 76c
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10:00 EDTCPB, KOn The Fly: Analyst Downgrade Summary
Today's noteworthy downgrades include: Adecogro (AGRO) downgraded to Underperform from Neutral at BofA/Merrill... Campbell Soup (CPB) downgraded to Sell from Neutral at Goldman... Credicorp (BAP) downgraded to Neutral from Overweight at JPMorgan... El Paso Pipeline (EPB) downgraded to Neutral from Buy at Citigroup... Kellogg (K) downgraded to Sell from Neutral at Goldman... Kodiak Oil & Gas (KOG) downgraded to Market Perform from Outperform at BMO Capital... Lexmark (LXK) downgraded at Bernstein... Maxim Integrated (MXIM) downgraded to Equal Weight from Overweight at Barclays... Republic Airways (RJET) downgraded to Underperform from Neutral at BofA/Merrill... Sasol (SSL) downgraded to Neutral from Buy at Citigroup... Time Warner (TWX) downgraded to Equal Weight from Overweight at Evercore.
08:51 EDTGISGeneral Mills inaugurates facility in China
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08:51 EDTCPBCampbell Soup reiterated as an Underweight at Morgan Stanley
Morgan Stanley reiterated Campbell Soup as an Underweight ahead of the July 21 Investor Meeting and August 29 earnings report. The firm has concerns regarding disappointing Soup promotions, gross margin deterioration, and Pepperidge Farm competitive pressures. Firm estimates remain below consensus and it remains skeptical about a LBO speculation.
08:50 EDTGISGeneral Mills expects double-digit net sales growth from Greater China this year
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07:15 EDTCPBIIR Holdings to hold a conference
14th Annual Shopper Insights in Action Conference to be held in Chicago on July 14-16.
05:43 EDTKKellogg downgraded to Sell from Neutral at Goldman
Goldman Sachs downgraded Kellogg to Sell on expectations the company's sales will miss expectations and its full year guidance could be cut when the company reports on July 31. Goldman thinks sales weakness is wiping out benefits from cost-savings and it lowered its price target for shares to $59 from $64.
05:40 EDTCPBCampbell Soup downgraded to Sell from Neutral at Goldman
Goldman Sachs downgraded Campbell Soup to Sell saying it expects earnings to miss expectations and that shares are near peak valuation. The firm lowered its price target for the stock to $39 from $41.
July 14, 2014
10:19 EDTSJMJ.M. Smucker management to meet with Stephens
Meeting to be held in Chicago on July 17 hosted by Stephens.
10:03 EDTMDLZOptions with increasing implied volatility: GNC SD MDLZ ETP
06:27 EDTMDLZ, HSYLindt & Sprüngli acquires Russell Stover Candies
The Lindt & Sprüngli Group is acquiring the traditional U.S. family business Russell Stover Candies, headquartered in Kansas City, Missouri. Lindt & Sprüngli is financing the acquisition through net cash resources and bank loans and expects the transaction to make a strong positive contribution to the earnings per share from 2015 onwards. It has been agreed not to disclose the purchase price and other contractual details. Other companies that are in the confectionary industry in North America include Hershey (HYS) Rocky Mountain Chocolate (RMCF) and Mondelez (MDLZ). Reference Link
July 11, 2014
14:58 EDTMDLZMondelez divestiture unlikely, says JPMorgan
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13:22 EDTMDLZMondelez separating EU cheese biz as possible precursor to sale, Bloomberg says
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