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Stock Market & Financial Investment News

News Breaks
January 9, 2014
06:10 EDTKO, CAG, HSY, K, CPB, PEP, KRFT, GISStudy finds food companies cut 6.4T calories, AP says
A new study reported that 16 of the largest food companies in the U.S. have trimmed calories in their products by more than 6.4T, reported the Associated Press. Some of the companies include General Mills (GIS), Campbell Soup (CPB), ConAgra (CAG), Kraft Foods (KRFT), Kellogg (K), Coca-Cola (KO), PepsiCo (PEP) and Hershey (HSY). Reference Link
News For GIS;CPB;CAG;KRFT;K;KO;PEP;HSY From The Last 14 Days
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June 30, 2015
07:32 EDTCAGConAgra sees Q1 'unaffected by outcome' of Private Brands review
The company will offer details on full-year fiscal 2016 expected EPS, as well as long-term financial guidance, at an investor event likely to be scheduled for the fall of 2015. This event will be scheduled after the company completes its assessment of strategic alternatives for the Private Brands operations, and determines SG&A reduction targets and investment needs for the remainder of the company. With regard to first quarter of fiscal 2016, which the company expects to be unaffected by the outcome of the review of strategic alternatives for the Private Brands operations, the company expects EPS, adjusted for items impacting comparability, to be roughly in line with comparable year-ago amounts. With regard to plans for the rest of the company, the company’s new focus will be on: Productivity, notably within SG&A, but also in terms of supply chain and trade spending. The company sees significant margin potential through these initiatives. Driving profitable growth in the Consumer Foods segment and at Lamb Weston potato operations -- within the Commercial Foods segment. This will involve further portfolio segmentation, and investing behind the highest-potential categories in a disciplined manner. Investment may include marketing, infrastructure, innovation, and acquired businesses. The company expects some additional divestitures as it continues to refine the asset mix. Balanced capital allocation that includes growing the dividend over time, increasing share repurchases, and having an investment-grade balance sheet. Financial expectations and operating details regarding the above will be shared as part of the investor event later this year.
07:32 EDTCAGConAgra plans to exit Private Brands operations
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07:31 EDTCAGConAgra reports Q4 adjusted EPS 59c, consensus 59c
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June 29, 2015
16:44 EDTCPBCampbell Soup completes acquisition of Garden Fresh Gourmet
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16:30 EDTKRFTKraft Heinz appoints Eduardo Pelleissone as SVP of Corporate, Government Affairs
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16:23 EDTKRFTKraft announces appointment of Matt Hill as Kraft Heinz Zone President of Europe
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16:19 EDTKRFTKraft Foods announces appointment of Paulo Basilio as CFO of Kraft Heinz
Effective upon the close of the merger transaction, Kraft Heinz appointed Paulo Basilio EVP and CFO. Basilio joined Heinz in June 2013 as CFO.
13:56 EDTCAGConAgra technical comments ahead of earnings
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12:59 EDTCAGConAgra July volatility increases into Q4 and outlook
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08:32 EDTCPBCampbell Soup names CEO Morrison as co-chair of CGF board
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06:36 EDTCAGConAgra CEO Connolly to discuss strategy at earnings conference call, WSJ says
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June 26, 2015
16:00 EDTKOOptions Update; June 26, 2015
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07:51 EDTPEPPepsiCo volatility at 15 into Q2 and outlook
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07:25 EDTCAGConAgra July volatility elevated into Q4 and outlook
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06:33 EDTGISMcDonald’s says child customers drinking less soda, eating more fruit
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June 25, 2015
19:34 EDTKOAirbus, Qualcomm, others invest $500M in OneWeb's global internet initiative
OneWeb announced it has raised $500M in funding from a number of companies, including Airbus (EADSY), Bharti, EchoStar's (SATS) Hughes, Intelsat (I), Qualcomm (QCOM), Coca-Cola (KO), Totalplay, and Virgin Group. OneWeb is engaged in developing satellite technologies to "beam" broadband internet to rural and underdeveloped locations, as well as to ships, planes, trains, and oil platforms. Bharti chairman Sunil Bharti Mittal will be joining Airbus Group CEO Tom Enders as well as Virgin's Richard Branson and Qualcomm's Paul Jacobs on the OneWeb board of directors. OneWeb also reiterated its June 15 announcement of its joint venture with Airbus to design and manufacture 900 microsatellites. "We are committed to giving our full industrial and space expertise to this mission," remarked Airbus' Tom Enders. "Intelsat has the world’s largest fleet of Ku Band geostationary satellites and our interoperability will enable pole-to-pole and urban canyon coverage with new services," said Intelsat. Note that both Facebook (FB) and Google (GOOG) are working on similar projects to facilitate global internet access. Reference Link
09:37 EDTGISGeneral Mills expects to eliminate 675-725 positions in restructuring plan
In a regulatory filing, General Mills disclosed that it plans to eliminate 675-725 positions. In the first quarter, General Mills approved Project Compass, a restructuring plan designed to enable our International segment to accelerate long-term growth through increased organizational effectiveness and reduced administrative expense. In connection with this initiative, the company expects to eliminate approximately 675 to 725 positions. The company will record total restructuring charges of approximately $57M-$62M pre-tax, primarily reflecting one-time employee termination benefits, of which approximately $54M-$57M will be recorded in the first quarter of fiscal 2016. The company expects approximately $54M-$59M of the total expense will result in future cash expenditures. These restructuring actions are expected to be completed by early fiscal 2017. The company expects that these actions will generate annual cost savings of approximately $45M-$50M, with approximately $25M-$30M of cost savings being realized in fiscal 2016.
07:55 EDTGISGeneral Mills volatility low into Q4 and outlook
General Mills July and August option implied volatility is at 15; compared to its 52-week range of 12 to 23, suggesting non-directional price movement into the expected release of Q4 release on July 1.
07:39 EDTKOMonster Beverage legacy international sales can at least triple, says Stifel
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June 24, 2015
16:36 EDTKRFTKraft to pay $11.1M to CEO John Cahill to cover tax liability in merger
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