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Stock Market & Financial Investment News

News Breaks
February 18, 2014
04:55 EDTCPB, CPB, CPB, CPB, MO, MO, MO, MO, CL, CL, CL, CL, HSH, HSH, HSH, HSH, AVP, AVP, AVP, AVP, JAH, JAH, JAH, JAH, K, K, K, K, LO, LO, LO, LO, SYY, SYY, SYY, SYY, SAB, SAB, SAB, SAB, KRFT, KRFT, KRFT, KRFT, CAG, CAG, CAG, CAG, KO, KO, KO, KO, GIS, GIS, GIS, GISConsumer Analyst Group of New York to hold a conference
43rd Annual CAGNY Conference is being held in New York on February 17-21.
News For GIS;KO;CAG;KRFT;SAB;SYY;LO;K;JAH;AVP;HSH;CL;MO;CPB From The Last 14 Days
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September 17, 2014
16:00 EDTKOOptions Update; September 17, 2014
iPath S&P 500 VIX Short-Term Futures down 24c to 27.63. Option volume leaders: AAPL TSLA BAC TWTR AMZN X WLT KO PBR according to Track Data.
15:34 EDTCAGConAgra technical comments ahead of results
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15:18 EDTCAGNotable companies reporting before tomorrow's open
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12:31 EDTJAHJarden management to meet with Jefferies
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12:22 EDTGISOn The Fly: Midday Wrap
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11:11 EDTK, GISGeneral Mills crumbles after earnings miss, downgrade
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10:00 EDTGIS, KOn The Fly: Analyst Downgrade Summary
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09:15 EDTGISGeneral Mills sees FY gross margin up 'modestly'
09:10 EDTGISOn The Fly: Pre-market Movers
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08:58 EDTGISGeneral Mills sees FY15 input cost inflation of 3%
Sees incurring additional restructuring charges this year. Says 55% covered for input cost inflation this year. Sees yearly input cost inflation averaging 4%-5%. Says demand for HMM to offset inflation is not subsiding. Says delivering strong HMM each year. Says could possibly exceed $4B HMM goal by 2020. Sees $100M of cumulative savings from Project Century by FY17, sees material savings beginning in FY16. The company said that the operating environment in several of its markets has grown more challenging, says U.S. retail industry trends "a bit weaker." Says U.S. cereal category continues to be challenged, says returning category to growth will require more product news, better innovation, increased investment. Says wants to renew sales momentum for U.S. yogurt business. Says seeing slowdown in macro environment in China, having some impact on business, but sees Greater China sales growth strengthening in 2H. Says environment for food and beverage companies remain quite challenging. Comments made on the Q1 earnings conference call. General Mills shares are down 1.75% in pre-market trading.
08:30 EDTGISGeneral Mills sees Annie's deal closing in CY14
General Mills (GIS) says sees Annie's (BNNY) deal accretive in first 12 months after closing. Says on pace to achieve $4B of cumulative savings from 2010-2020. Sees $400M of cumulative savings in FY15. Says top priority for FY15 is accelerating net sales growth. Comments from slides that will be presented on the Q1 earnings conference call.
07:08 EDTGISGeneral Mills reports $14M restructuring expense during Q1
General Mills recently announced a restructuring plan to combine certain Yoplait and General Mills operational facilities in the company's International segment. Restructuring expense of $14M associated with this project was recorded in Q1 and is being excluded from adjusted diluted EPS. The project is expected to generate cost savings of approximately $3M in FY15 and a cumulative $12M by fiscal 2017.
07:00 EDTGISGeneral Mills backs FY15 EPS growth view up at a high single-digit rate
General Mills CEO Ken Powell said, "Our number one objective in FY15 continues to be accelerating our topline growth. At the same time, we know we must always be working to reduce costs, streamline operations and improve efficiency across our worldwide business. We've got strong plans for both of these efforts. General Mills reiterated its full-year growth targets for 2015. Net sales are expected to grow at a mid single-digit rate in constant currency, including contribution of a 53rd week in this fiscal year. Segment operating profit also is targeted to grow at a mid single-digit rate in constant currency. Benefit of the extra fiscal week will be reinvested to support increased advertising and digital media initiatives, along with project expenses related to several key FY16 product launches. Adjusted diluted EPS is expected to grow at a high single-digit rate in constant currency. At current exchange rates the company estimates a 2c headwind from currency translation in 2015."
06:57 EDTGISGeneral Mills reports Q1 adjusted EPS 61c, consensus 69c
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06:53 EDTKOWhite House says companies taking steps to reduce HFCs emissions
The Obama Administration yesterday announced new private sector commitments and executive actions to reduce emissions of hydroflourocarbons, or HFCs, powerful greenhouse gases that contribute to climate change, the Shite House stated. Coca-Cola (KO) has set a goal for 100 percent of its newly purchased cold drink equipment to be HFC-free, .while DuPont (DD),, announced that its new products are anticipated to reduce greenhouse gas content of refrigerants by some 90M tons carbon dioxide equivalent in the U.S., and 245M tons worldwide by 2025, the White House noted. Honeywell (HON) plans to transition the majority of its high-GWP HFC production to new low-GWP production, while Johnson Controls (JCI) committed to using the lowest GWP option for each application that best fits the needs of its customers from the standpoint of safety, efficiency, reliability, availability, and economy, according to the White House Johnson Controls also commits to spend $50M over the next three years to develop new products and improve and expand its existing low-GWP portfolio.
06:46 EDTGISGeneral Mills downgraded at Societe Generale
As previously reported, Societe Generale downgraded General Mills to Sell from Hold. The firm said General Mills' FY high single digit EPS growth target relies on the core U.S. retail unit accelerating significantly from here, which will be difficult given structural challenges Price target lowered to $50 from $53.
06:46 EDTKKellogg downgraded at Societe Generale
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06:32 EDTGISGeneral Mills downgraded to Sell from Hold at Societe Generale
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06:32 EDTKKellogg downgraded to Hold from Buy at Societe Generale
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06:06 EDTKOWal-Mart to pay $66,000 to settle false advertising investigation with NY AG
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