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Stock Market & Financial Investment News

News Breaks
June 13, 2014
08:53 EDTK, KO, GIS, MDLZFood industry group sues Vermont over GMO labeling, WSJ says
The Grocery Manufacturers Association, an industry group that represents companies like General Mills (GIS), Kellogg (K), Mondelez (MDLZ) and Coca-Cola (KO), has sued Vermont over a newly passed law that will require food makers to label food products made with genetically modified organisms, or GMOs, said The Wall Street Journal. Reference Link
News For GIS;K;MDLZ;KO From The Last 14 Days
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July 2, 2015
07:25 EDTMDLZMondelez and D.E Master Blenders 1753 complete coffee business combination
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July 1, 2015
09:04 EDTGISGeneral Mills expects step up in cost savings in FY16
Says it is selectively reinvesting and expects to return to comparable growth this year. Says it is building the base for the long-term and will start seeing results this year. Cites Yoplait China as a way the company is building for the long-term.
08:45 EDTGISGeneral Mills expects Q1 to show strongest quarter in FY16
08:38 EDTGISGeneral Mills sees FY16 media expense to be down slightly
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07:10 EDTGISGeneral Mills sees FY16 adjusted EPS to grow at mid single digit range
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07:09 EDTGISGeneral Mills expect to expand Consumer First impact to generate growth
07:08 EDTGISGeneral Mills expects Project compass to generate $25M-$30M in savings in FY16
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07:07 EDTGISGeneral Mills reports Q4 US Retail sales up 5% to $2.5B
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07:05 EDTGISGeneral Mills reports Q4 adjusted EPS 75c, consensus 71c
Reports Q4 revenue $4.30B, consensus $4.53B
June 30, 2015
15:26 EDTGISNotable companies reporting before tomorrow's open
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14:52 EDTGISGeneral Mills technical notes before results
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June 26, 2015
16:00 EDTKOOptions Update; June 26, 2015
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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 23, 2015
08:03 EDTMDLZMondelez renews global strategic partnership with Facebook
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June 22, 2015
17:29 EDTKOCoca-Cola reports 16.7% stake in Monster Beverage
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09:20 EDTGISGeneral Mills Cereals to remove artificial flavors and colors
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