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Stock Market & Financial Investment News

News Breaks
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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April 23, 2014
15:35 EDTHSYNotable companies reporting before tomorrow's open
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06:53 EDTCPBFood & Drug Law Institute to hold a conference
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April 22, 2014
07:25 EDTULNatural E Creative Group to hold a summit
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April 21, 2014
07:31 EDTGISGeneral Mills eliminates arbitration language from legal terms
After General Mills recently posted a revised set of Legal Terms on its websites that upset consumers, the company announced in a blog post that it has reverted back to its prior terms, which include no mention of arbitration. In the post, General Mills stated: "Those [revised] terms – and our intentions – were widely misread, causing concern among consumers...We rarely have disputes with consumers – and arbitration would have simply streamlined how complaints are handled. Many companies do the same, and we felt it would be helpful. But consumers didn’t like it." Reference Link
April 16, 2014
12:16 EDTTSNPost likely to beat out Tyson for Michael Foods, WSJ says
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April 14, 2014
07:55 EDTKKellogg buyout structured like Heinz LBO could work, says BofA/Merrill
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April 11, 2014
15:44 EDTTSNTyson, Post final contenders to buy Michael Foods, Reuters says
Michael Foods, the egg and dairy products maker that has been put up for sale by Goldman Sachs' (GS) private equity arm, is evaluating binding bids from Tyson (TSN) and Post (POST) and is near a deal to be sold to one of the two for close to $2.5B, according to Reuters, citing people familiar with the matter. Reference Link
April 10, 2014
07:31 EDTMDLZMondelez spends $110M on new Russia factory, Bloomberg says
Mondelez is planning to spend $110M on a new plant in Russia, which will add enough capacity to make 50K tons of snacks annually, according to Bloomberg, citing comments from company spokesman Michael Mitchell. The new factory is projected to create 180 jobs. Reference Link
06:09 EDTKKellogg implied volatility of 23 at upper end of index mean range
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06:05 EDTKStocks with implied volatility movement; DLLR K
Stocks with implied volatility movement; DFC Global (DLLR) 34, Kellogg (K) 22 according to iVolatility.
06:04 EDTUL, UNYahoo hires Bobbi Brown to be editor-in-chief of beauty site, Re/code reports
Yahoo (YHOO) has hired Bobbi Brown, the creator of Bobbi Brown Cosmetics (EL), to be the editor-in-chief of its beauty site, Re/code reports, noting that several of Yahoo's big advertisers -- L'Oreal (LRLCY), Procter & Gamble (PG) and Unilever (UN, UL) -- are competitive with Bobbi Brown Cosmetics. Reference Link

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